Latest FedEx Corp News

FedEx, Greenbrier rise; Cisco Systems, KB Home fall, Thursday, 9/21/2023

Sep. 21, 2023 16:17 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Thursday: FedEx Corp., up $11.33 to $261.85. The package delivery company reported strong fiscal first-quarter earnings. FactSet Research Systems Inc., up $2.99 to $426.76....

FedEx: Fiscal Q1 Earnings Snapshot

Sep. 20, 2023 16:24 PM EDT

MEMPHIS, Tenn. (AP) — MEMPHIS, Tenn. (AP) — FedEx Corp. (FDX) on Wednesday reported fiscal first-quarter net income of $1.08 billion. The Memphis, Tennessee-based company said it had profit of $4.23 per share. Earnings, adjusted for non-recurring costs, came to $4.55 per share. ...

This week in buiness: Fed policy meeting, FedEx earnings, home sales

Sep. 18, 2023 03:12 AM EDT

FED WATCH The Federal Reserve wraps up a two-day rate policy meeting on Wednesday. Most analysts expect the central bank to maintain rates at current levels. In a bid to cool red-hot post-pandemic inflation, the Fed has raised interest rates 11 times during the past...

Amazon says its increasing pay for contracted delivery drivers

Sep. 13, 2023 14:21 PM EDT

NEW YORK (AP) — Amazon says it’s boosting pay for contracted drivers who deliver millions of packages to customers every day. The company announced at a conference for delivery firms this week that it will invest $440 million over the next year to increase pay rates for drivers....

Black delivery driver loses FedEx job, more than a year after he said white men attacked him

Aug. 21, 2023 18:29 PM EDT

JACKSON, Miss. (AP) — A Black FedEx delivery driver who says two white men shot at and chased him in Mississippi in 2022 has now been fired from his job, he and his attorney said Monday. “I honestly feel disrespected,” the former driver, D’Monterrio Gibson, told The...

Amazon relaunches shipping service that competes with FedEx and UPS

Aug. 18, 2023 18:01 PM EDT

Amazon has restarted a shipping service it paused in the early days of the COVID-19 pandemic and that competes with carriers like FedEx and UPS. Amazon Shipping, which allows sellers to ship Amazon orders or products sold on other sites, has relaunched, the company confirmed Friday....

A Mississippi judge declares a mistrial for 2 white men charged in an attack on a Black FedEx worker making a delivery

Aug. 17, 2023 10:49 AM EDT
BROOKHAVEN, Miss. (AP) — A Mississippi judge declares a mistrial for 2 white men charged in an attack on a Black FedEx worker making a delivery.

A look at former Washington Commanders owner Dan Snyder's off-field scandals

Aug. 16, 2023 15:37 PM EDT

Dan Snyder remains in the news despite no longer owning the Washington Commanders. Snyder selling the team to a group led by Josh Harris and including Magic Johnson in July for a North American professional sports record $6.05 billion came with the NFL fining him $60 million for...

Column: Small fields in FedEx Cup is a dangerous comparison with LIV

Aug. 15, 2023 16:07 PM EDT

OLYMPIA FIELDS, Ill. (AP) — Good news for Chicago: The golf-crazed market that once feared it would get the big names only every other year now gets two tournaments in a month. Both events have $20 million purses. Both have small fields populated by former major champions. Only one...

Trucking giant Yellow Corp. declares bankruptcy after years of financial struggles

Aug. 07, 2023 08:24 AM EDT

NEW YORK (AP) — Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt, marking a significant shift for the U.S. transportation industry and shippers nationwide. The Chapter 11 bankruptcy, which was filed Sunday, comes just three...