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The Latest Breaking News from FedEx Corp

FedEx Stock Slumps with Lower Guidance - But Contrarians and Value Investors Gather

FedEx Corp disappointed investors yesterday with a profit drop and significantly lower revenue and earnings guidance. However, the stock is now cheap and is attracting attention from value and contrarian investors.

Barchart

FedEx Reports Earnings Beat In Q4 Despite Revenue Shortfall

Package delivery giant returns $2.7 billion to shareholders, guides for lower earnings in FY 2024

Zenger

Planes came dangerously close for 30 seconds in Texas near-miss

A FedEx Corp. widebody cargo jet came within several hundred feet of colliding with a Southwest Airlines Co. plane in Austin, Texas, early Saturday and the two planes remained in close proximity for at least 30 seconds, flight data show.

Tribune News Service

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US probes close call between FedEx, Southwest jets in Austin

A FedEx Corp. widebody jet flew over the top of a Southwest Airlines Co. plane early Saturday in Texas after an air-traffic controller cleared the passenger plane to take off from the same runway that the cargo aircraft was preparing to land on, aviation authorities said.

Tribune News Service

What Does FedEx's Earnings Miss Mean For Amazon? 'Expect Some Share Gains'

FedEx Corp (NYSE: FDX) shares fell last week after the company reported weak preliminary results.

Benzinga

FedEx has biggest drop in over 40 years after pulling forecast

FedEx Corp. lost $11 billion in market value, wiping out two years of stock gains, after withdrawing its earnings forecast on worsening business conditions.

Tribune News Service

Benzinga's Top Ratings Upgrades, Downgrades For September 16, 2022

Benzinga

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Sky Isn't Falling At FedEx Ground, Two Contractors Say

On Saturday afternoon, Spencer Patton, the leader of an effort to improve the lot of contractors that pick up and deliver packages for FedEx Corp.'s (NYSE: FDX) ground-delivery unit, will speak before a gathering of about 3,000 contractors in Las Vegas. Patton, who has warned of major stresses on the…

Benzinga

FedEx Q4 Earnings Highlights: Revenue Miss, EPS In-Line, 2023 Guidance, Share Buyback And More

Shipping and logistics company FedEx Corp (NYSE: FDX) reported fourth-quarter and full-year earnings after the market close Thursday. Here are the key highlights.

Benzinga

FedEx Takes 150 Electric Vehicle Delivery From BrightDrop; More To Come

FedEx Corp (NYSE:FDX) has received its first 150 electric delivery vehicles from BrightDrop, the technology startup from General Motors Co (NYSE:GM) decarbonizing last-mile delivery. The move marks a crucial milestone for FedEx, which plans to transform its entire parcel pickup and delivery (PUD) fleet to all-electric, zero tailpipe emissions by 2040. "In just under…

Benzinga

Why FedEx Stock Is Surging Today

FedEx Corp (NYSE: FDX) shares are trading higher Tuesday after the company announced actions to enhance stockholder value.

Benzinga

eBay, FedEx Extend Alliance In Canada - Read Why

eBay Inc (NASDAQ:EBAY) and FedEx Corp (NYSE:FDX) extend their alliance in Canada for shipping labels platform integration. The partnership will enable Canadian sellers to access FedEx shipping services directly through eBay Labels. "With this extended FedEx alliance, we're making shipping even easier and more cost-effective for our eBay sellers, which in turn allows them to…

Benzinga

Amazon Fires Up Rivalry With FedEx, UPS With Latest Launch

Amazon.com Inc (NASDAQ:AMZN) launched Buy with Prime, allowing third-party merchants to use Amazon’s vast shipping and logistics network to fulfill orders on their sites while appealing to Amazon’s Prime customers. Experts see the move firing up rivalry with United Parcel Service Inc (NYSE:UPS), FedEx Corp (NYSE:FDX), and the U.S. Postal Service as being the fastest in the online…

Benzinga

FedEx Logistics opens global headquarters in Memphis

Shipping giant FedEx Corp. says its logistics subsidiary has opened a new global headquarters in downtown Memphis, Tennessee

The Independent UK

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Benzinga

FedEx Partners With Elroy Air To Test Autonomous Drone Cargo Delivery

FedEx Corp (NYSE:FDX) subsidiary FedEx Express is partnering with California Bay Area-based Elroy Air, the company building the first end-to-end autonomous vertical take-off and landing (VTOL) aerial cargo system. FedEx Express will develop plans to test Elroy Air's Chaparral autonomous air cargo system within its middle-mile logistics operations, moving shipments between sortation locations.…

Benzinga

If You Invested $1,000 In FedEx Stock At The IPO, Here's How Much You'd Have Now

Shipping and logistics company FedEx Corp (NYSE: FDX) announced Tuesday morning a change to its CEO to happen later in 2022 as its founder and longtime CEO will step down. Here’s a look at how shares have performed since their IPO.

Benzinga

FedEx Promotes Raj Subramaniam To Succeed Frederick Smith As CEO

FedEx Corp (NYSE:FDX) has promoted its President and Chief Operating Officer (COO), Raj Subramaniam, to Chief Executive Officer (CEO) and President, effective June 1, 2022. The company's Chairman and CEO, Frederick W. Smith, will become Executive Chairman, effective the same date. Subramaniam has been named President and CEO-elect of FedEx, effective immediately. Subramaniam,…

Benzinga

FedEx Office Unveils 'Online Notary' Via Alliance With Notarize

FedEx Corp (NYSE:FDX) subsidiary FedEx Office formed an alliance with Notarize, an online notarization provider, to launch FedEx Office Online Notary. The new service will make convenient, fully-digital notarization services available to small businesses, consumers, and owners who need personal or professional documents notarized annually. "Now with FedEx Office Online Notary, commissioned…

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Benzinga

Deutsche Bank Cuts FedEx's Price Target By 4%

FedEx Corp's (NYSE:FDX) price target has been lowered to $298 (an upside of 35%) from $310 by Deutsche Bank analyst Amit Mehrotra. The analyst maintained his Buy rating on FDX's shares. Related: Read How Analysts Reacted To FedEx's Q3 Results Mehrotra noted the company reported weaker fiscal Q3 results, and management walked away from its double-digit…

Benzinga

PreMarket Prep Stock Of The Day: Buying FedEx On The Dip After Q3 Earnings

Not all companies follow the same fiscal year, and one of those companies is FedEx Corp (NYSE: FDX), which just reported third-quarter earnings.

Benzinga

Read How Analysts Reacted To FedEx's Q3 Results

FedEx Corp (NYSE: FDX) reported its third-quarter FY22 results yesterday, with revenue of $23.6 billion, surpassing the $23.44 billion estimate, and adjusted EPS of $4.59, below the Street view of $4.64.

Benzinga

Why FedEx Shares Are Sliding Today

FedEx Corp (NYSE: FDX) shares are trading lower Friday morning after the company reported worse-than-expected earnings results.

Asharq Al-Awsat

Companies Shut Ukraine Operations, Assess Impact of Sanctions on Russia

Japan Tobacco and a Coca-Cola bottler were among firms shutting factories in Ukraine on Thursday following Russia's invasion, while UPS and FedEx Corp suspended services in and out of the country. Ukraine closed its airspace as Russian forces attacked in the early hours, leaving budget airline Wizz Air trying to…

Benzinga

Genuine Parts Appoints Bert Nappier To Succeed Carol Yancey As Finance Chief

Genuine Parts Co's (NYSE:GPC) Executive Vice President and Chief Financial Officer Carol Yancey has informed the board of her plan to retire at the end of May 2022. The company has appointed Bert Nappier as EVP and CFO-Elect, effective February 28, 2022. Nappier will assume the role of CFO on May 2, 2022, and…

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