Latest FedEx Corp News

FedEx, General Electric fall; Bowlero, FirstEnergy rise

Sep. 16, 2022 16:31 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Friday: FedEx Corp., down $43.85 to $161.02. The package delivery company will close storefronts and corporate offices to cut costs as profits weaken. General Electric Co.,...

FedEx to close stores, put off hiring as demand slumps

Sep. 15, 2022 20:49 PM EDT

FedEx said Thursday it is shuttering storefronts and corporate offices while putting off new hires in a belt-tightening drive brought on by drop-off in its global package delivery business. The company based in Memphis, Tennessee, warned it will likely miss Wall Street’s profit...

Sky-high diesel prices squeeze truckers, farmers, consumers

Jul. 20, 2022 09:22 AM EDT

NEW YORK (AP) — When long-haul trucker Deb LaBree sets out on the road to deliver pharmaceuticals, she has strategies to hold down costs. She avoids the West Coast and the Northeast, where diesel prices are highest. She organizes her delivery route to minimize “deadheading” — driving an...