Today: November 08, 2024
Today: November 08, 2024

FedEx

Business|Finance|Stock Markets|US

UPS seen grappling with hit from cheap deliveries ahead of key holiday season

Wall Street expects United Parcel Service to report a rise in adjusted quarterly profit on Thursday, even as concern mounts over stubbornly soft demand

UPS seen grappling with hit from cheap deliveries ahead of key holiday season
Business|Economy|Finance|News

FedEx earnings miss could signal a slowing economy

FedEx earnings miss could signal a slowing economy

FedEx earnings miss could signal a slowing economy
Business|Economy|Finance|Stock Markets

FedEx shares tumble over 15% on limp demand, delivery trade-down

Shares of FedEx slumped over 15% on Friday, the worst in two years, after a dismal first-quarter profit drop due to anemic economic conditions and an

FedEx shares tumble over 15% on limp demand, delivery trade-down
Business|Economy|Finance|US

FedEx quarterly profit disappoints as demand for speedy delivery wanes

FedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers continued to trade down from

FedEx quarterly profit disappoints as demand for speedy delivery wanes
News

'Definitely a shocking moment': Pilots describe how they prevented a disaster

CNN's Pete Muntean sits down with the two pilots credited with preventing a tragedy last year.

'Definitely a shocking moment': Pilots describe how they prevented a disaster
Business|News|US

UPS says services may be impacted in southern US, Louisiana by Hurricane Francine

United Parcel Service said on Wednesday its pickup and delivery services in the southern part of the U.S., especially Louisiana, may be impacted due to Hurricane Francine.

UPS says services may be impacted in southern US, Louisiana by Hurricane Francine
US|World

FedEx warns of delays in some Louisiana markets due to Storm Francine

FedEx said on Tuesday pickup and delivery services in some markets of Louisiana could be disrupted by the expected upheaval from Storm Francine, which is set to become the fourth hurricane

FedEx warns of delays in some Louisiana markets due to Storm Francine
Business|Economy|Technology

FedEx invests in AI robotics company Nimble to boost its supply chain business

FedEx said on Thursday it has invested in AI robotics and autonomous technology company Nimble to help scale up the delivery giant's Fulfillment unit which aids small and medium-sized

FedEx invests in AI robotics company Nimble to boost its supply chain business
Crime|News|US

Police search for alleged package thief who appears to follow FedEx truck

Police search for alleged package thief who appears to follow FedEx truck

Police search for alleged package thief who appears to follow FedEx truck
Business|Technology|US

FedEx operations back online after disruptions due to global IT outage

FedEx Corp said that its network was now operating across the globe after it faced substantial disruptions due to a worldwide IT outage experienced by a third party software vendor on

FedEx operations back online after disruptions due to global IT outage
Technology

Probe launched after Boeing cargo plane lands in Istanbul without front landing gear

A FedEx Airlines Boeing 767 cargo plane landed at Istanbul Airport on Wednesday without its front landing gear, a Turkish Transport Ministry

Probe launched after Boeing cargo plane lands in Istanbul without front landing gear
Business|Economy|Europe

FedEx to cut up to 2,000 back-office jobs in Europe amid weak freight demand

FedEx is planning to cut between 1,700 and 2,000 back-office jobs in Europe, in its latest push to cut costs as the parcel delivery giant combats a slump in freight demand

FedEx to cut up to 2,000 back-office jobs in Europe amid weak freight demand
Business|Finance|Stock Markets|US

FedEx stock leaps on upbeat profit target, possible freight unit sale

FedEx shares jumped as much as 15% on Wednesday after the delivery giant reassured investors with a bullish annual profit forecast and

FedEx stock leaps on upbeat profit target, possible freight unit sale
Business|Finance|Stock Markets

FedEx eyes fiscal 2025 profit just above Wall St target, shares soar

FedEx on Tuesday forecast fiscal 2025 profit above analysts' estimates, and shares in the delivery giant soared as executives said slashing expenses

FedEx eyes fiscal 2025 profit just above Wall St target, shares soar
Business|Economy|News|World

FedEx reinstates services in Ukraine after two-year suspension

Parcel delivery firm FedEx Corp said on Friday that it has reinstated international priority inbound and outbound services in Ukraine.

FedEx reinstates services in Ukraine after two-year suspension
News|Technology|US

NTSB says an air traffic controller's faulty assumption led to a close call between planes in Texas

Federal investigators say an air traffic’s controller’s faulty assumption nearly caused a runway collision at a Texas airport last year

NTSB says an air traffic controller's faulty assumption led to a close call between planes in Texas
Business|Technology|US

UPS, FedEx transition to electric vans slowed by battery shortages, low supply

UPS and FedEx are facing uncertainty in U.S. supplies of big, boxy electric step vans they need to replace their gas

UPS, FedEx transition to electric vans slowed by battery shortages, low supply
Economy

UPS sees profit in US Postal Service work that dragged down FedEx earnings

United Parcel Service expects its newly won U.S.

UPS sees profit in US Postal Service work that dragged down FedEx earnings
Economy|Finance|News|US

Federal judge sends FedEx contractor's racketeering claim to arbitration

A federal judge on Monday ruled that a small business contracted to deliver packages for FedEx on the California-Oregon border must arbitrate with FedEx over claims it made

Federal judge sends FedEx contractor's racketeering claim to arbitration
Business|Finance|News|Stock Markets|US

FedEx jumps on profit beat, improved margins in its largest unit

FedEx shares surged in premarket trading on Friday after the parcel giant beat estimates for quarterly profit and reported a higher operating margin at Express, its largest unit.

FedEx jumps on profit beat, improved margins in its largest unit
Business|Finance|US

FedEx raises 2024 profit forecast on cost cuts

FedEx raised its fiscal 2024 profit forecast on Thursday, expecting cost cuts to offset a decline in demand from its largest customer, the U.S. Postal Service (USPS).

FedEx raises 2024 profit forecast on cost cuts
Business|Crime|US

FedEx wins overturning of $366 million race bias verdict

A federal appeals court on Thursday threw out a $366.2 million verdict against FedEx in a lawsuit filed by a Black former sales manager who claimed she was fired for accusing her

FedEx wins overturning of $366 million race bias verdict
Business|Economy|US

FedEx has not seen much impact from Red Sea disruptions, CEO says

U.S. parcel delivery giant FedEx Corp said that it hasn't seen much of a shift to air freight due to

FedEx has not seen much impact from Red Sea disruptions, CEO says
Business|Finance|Stock Markets

FedEx dives after quarterly profit miss, annual revenue forecast cut

Shares of FedEx fell about 10% in trading before the bell on Wednesday, a day after the parcel delivery firm missed expectations for quarterly profit and trimmed its revenue forecast for

FedEx dives after quarterly profit miss, annual revenue forecast cut

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