Latest FedEx Corp News

Stitch Fix, Sonic Automotive rise; FedEx, Facebook fall

Sep. 22, 2021 16:40 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: FedEx Corp., down $22.99 to $229.08. The package delivery company cut its profit forecast for the year as it faces a labor shortage and higher costs. ...

Tight job market is causing costs to rise at FedEx

Sep. 21, 2021 18:19 PM EDT

NEW YORK (AP) — FedEx is getting hurt by the tight job market. The package delivery company said Tuesday that its costs are up $450 million in the most recent quarter, as it paid higher wages as it got harder to find new workers and demand for shipping increased. FedEx...

FedEx Ground distribution center planned at Grand Island

Sep. 06, 2021 14:20 PM EDT

GRAND ISLAND, Neb. (AP) — Land that had served as the home of a Grand Island garden center will soon become the site of a FedEx Ground warehouse and distribution center. The Grand Island Area Economic Development Corporation announced the recent sale of the 33-acre...

Robotic vehicle firm plans to put facility at Vegas Speedway

Aug. 27, 2021 12:32 PM EDT

LAS VEGAS (AP) — A robotics company that produces driverless vehicles for grocery, pizza and prescription deliveries said Thursday it intends to spend $40 million to put a manufacturing facility and test track in the Las Vegas area. Nuro, a firm founded in 2016 and...

Rothchild brothers facing federal money laundering charges

Aug. 12, 2021 08:54 AM EDT

Two brothers accused in Marathon County of posing as FedEx employees to steal money are now facing federal charges of money laundering. A criminal complaint says 27-year-old Mario Amezcua-Cardenas and 20-year-old Moises Amezcua-Cardenas, of Rothschild, contacted...

‘Affecting everything’: COVID-19 cracks the tea cup, too

Jul. 17, 2021 10:21 AM EDT

PITTSBURGH (AP) — Margaret Harris has stockpiled $50,000 worth of tea in her basement. Ms. Harris, owner of Blue Monkey Tea Co. in Squirrel Hill, has been in the tea business for 20 years. In March 2020, as the pandemic hit, she realized there were going to be supply...

60 charged with running California-based meth network

Jun. 29, 2021 19:35 PM EDT

SAN DIEGO (AP) — Sixty people are charged with running a California-based drug ring that sold methamphetamine around the country and in Australia, authorities announced Tuesday. A federal jury in San Diego issued the indictments in May after a year-long investigation...