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: FedEx
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
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
Stocks end lower after FedEx warning, post weekly declines
Stocks fell Friday after FedEx Corp. FDX, -21.40% issued a profit warning that stirred fears of a global recession, but ended the day well off session lows. Major indexes booked Read more
U.S. stocks open lower Friday after FedEx profit warning, on track for weekly losses
U.S. stocks opened lower after a FedEx profit warning and as investors worry about rising interest rates in the wake of inflation running hotter than expected in August. The Dow Read more
European delivery rivals slump after FedEx profit warning
Shares of European delivery firms skidded Friday morning after a profit warning from FedEx FDX, -0.07%. Royal Mail RMG, -11.16% shares skidded 10% in London, while DHL owner Deutsche Post Read more
FDX Stock Price | FedEx Corp. Stock Quote (U.S.: NYSE)
FedEx Corp. FedEx Corp. provides a broad portfolio of transportation, e-commerce and business services under the FedEx brand. It operates through the following segments: FedEx Express, FedEx Ground, FedEx Freight, Read more
FedEx suspending Sunday residential delivery in some markets
FedEx Corp. FDX, is suspending Sunday residential delivery in certain U.S. markets starting next month, a move that comes amid pleas from its independent contractors in recent months for more compensation Read more
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