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The Latest Breaking News from FedEx

Nirmala Sitharaman meets heads of FedEx, Mastercard, others during US visit

The Finance Minister is in the US to attend IMF-WB Spring Meetings 2022.

The Hindu

FedEx Express expands Newcastle International Airport base creating new jobs

The international logistics firm said it was expanding to serve growing export and import demands in the North East

Birmingham Post

How 'significant impact' of losing major Amazon deal led to collapse of logistics firm and loss of all jobs

The company also had contracts with FedEx, Hermes, Yodel and DPD

Birmingham Post

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Citing safety concerns, whistleblowers urge revamp of aging Boeing 737 Max cockpit

Last month, two prominent flight control experts and whistleblowers — one ex-Boeing, one ex-FAA — delivered to the U.S. Senate committee overseeing aviation a technical proposal to upgrade Boeing's 737 Max cockpit to current design standards.

Tribune News Service

Amazon is UPS's biggest customer — and biggest competitive threat

United Parcel Service (UPS) and its brown delivery trucks ruled American streets for decades.

Tribune News Service

Families of 5 killed in Indiana FedEx shooting file lawsuit

Relatives of five of the eight people fatally shot last year at an Indianapolis FedEx warehouse by a former employee are suing the shipping giant and a security company, accusing them of negligence and of failing to ensure that the workplace was safe for its workers

The Independent UK

Santa Anita Derby appears to be a victim of its own success

LOS ANGELES — As horse racing enters its final weekend of major Kentucky Derby prep races, all eyes are on the Santa Anita Derby, with a look to both the quality and quantity of the field. It seems the race has become a victim of its own success.

Los Angeles Times

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What Are Whales Doing With FedEx

A whale with a lot of money to spend has taken a noticeably bearish stance on FedEx. Looking at options history for FedEx (NYSE:FDX) we detected 21 strange trades.

Benzinga

FedEx to introduce autonomous drone cargo delivery vehicles next year

The partnership with Elroy Air aims to expedite the overall delivery process.

Input

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

6 Best Transportation Stocks To Buy Right Now: FedEx, UPS And More

Airlines and cruise line stocks have had an extremely volatile couple of years since the pandemic completely shut down global travel back in 2020. Travel industries still haven't recovered to their pre-pandemic levels. In addition, ongoing supply chain issues have created extreme volatility in transportation prices among railroad, trucking and…

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

Looking At FedEx's Recent Whale Trades

A whale with a lot of money to spend has taken a noticeably bullish stance on FedEx. Looking at options history for FedEx (NYSE:FDX) we detected 34 strange trades.

Benzinga

FedEx Stock Pops On CEO Change, UPS Expands Google Cloud Partnership

FedEx stock rose as founder Fred Smith will step aside as CEO. UPS expands Google Cloud ties as businesses generate more data.

Investors Business Daily

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StockNews.com

5 Value Stocks to Reinforce Your Portfolio in Q2 2022

Due to concerns over the possibility of aggressive interest rate increases and the consequences of a prolonged Ukraine-Russia war, current market volatility has caused many quality stocks to trade at attractive valuations. For example, fundamentally sound stocks Lockheed Martin (LMT), HCA Healthcare (HCA), FedEx (FDX), Enterprise Products (EPD), and Walgreens…

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

12 Industrials Stocks Moving In Monday's After-Market Session

Gainers Flux Power Holdings (NASDAQ:FLUX) shares moved upwards by 4.9% to $2.57 during Monday's after-market session. The market value of their outstanding shares is at $41.0 million.

Benzinga

CNBC's Final Trades: Home Depot, Shell, FedEx And This Health Care Stock That Has Reached A Record High

On CNBC’s “Halftime Report Final Trades,” Shannon Saccocia of Boston Private chose Home Depot Inc (NYSE: HD), saying the company is “great big box retail and tied for

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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

What 9 Analyst Ratings Have To Say About FedEx

Analysts have provided the following ratings for FedEx (NYSE:FDX) within the last quarter:

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.

Investors Business Daily

Stocks Mostly Higher As FedEx, Biotech, Chipmakers Report News, Earnings

The stock market traded mainly higher Friday morning as earnings reports came in from FedEx, biotech, chipmakers.

Benzinga

Looking Into FedEx's Return On Invested Capital

According to Benzinga Pro, during Q3, FedEx (NYSE:FDX) earned $1.11 billion, a 6.51% increase from the preceding quarter. FedEx also posted a total of $23.64 billion in sales, a 0.71% increase since Q2.

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.

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