FedEx Corp. on Tuesday said it planned to slash an extra $1 billion in costs beyond what it outlined in September, bringing those total expected cuts to roughly $3.7 billion, Read more
Tag: Couriers/Messengers
Deutsche Post lifts guidance after forecast-beating profit and revenue
Deutsche Post AG on Tuesday raised its full-year guidance after its operating profit jumped on year, as it weathered economic uncertainty while e-commerce trends gather pace. The German logistics group Read more
UPS stock jumps after profit beat and affirmed outlook, as raised U.S. prices helped offset dip in volume
Shares of United Parcel Service Inc. got a nice lift Tuesday, after the package delivery giant came up a bit shy on revenue but beat profit expectations, and because the Read more
These 20 stocks in the S&P 500 tumbled between 20% and 30% in September
Stocks declined again on Friday, closing out September with large losses across the board as the rally from the June lows partway through August faded into memory. The S&P 500 Read more
These 20 stocks in the S&P 500 tumbled between 20% and 30% in September
Stocks declined again on Friday, closing out September with large losses across the board as the rally from the June lows partway through August faded into memory. The S&P 500 Read more
There’s some good news amid the FedEx gloom, says analyst
Shares of FedEx Corp. fell Friday, as the package delivery giant’s warning of a disappointing earnings report didn’t go far enough, but some analysts found reason to be optimistic. The Read more
FedEx plans up to $2.7 billion in cost cuts, higher shipping rates as demand weakens
FedEx Corp. on Thursday announced between $2.2 billion and $2.7 billion in cost savings for the fiscal year ahead, and said it would raise shipping rates for air and ground Read more
FedEx plans up to $2.7 billion in cost cuts, higher shipping rates as demand weakens
FedEx Corp. on Thursday announced between $2.2 billion and $2.7 billion in cost savings for the fiscal year ahead and said it would raise shipping rates for air and ground Read more
PayPal stock falls after downgrade as analyst worries about margin impacts of its ‘engine’
PayPal Holdings Inc. continues to see traction with its Braintree online-payments product, but that may not be all good news, according to an analyst. Susquehanna’s James Friedman downgraded PayPal shares Read more
FedEx earnings preview: Is it the company that’s struggling, or just the world?
Package-delivery giant FedEx Corp. reports full fiscal first-quarter results on Thursday, as the smoke clears following grim financials and cost-cutting plans issued last week that sent the company’s stock on Read more
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