Latest FedEx Corp News

Passengers and crew safely evacuated after Boeing 737 plane's tire burst during landing in Turkey

May. 09, 2024 07:46 AM EDT

ANKARA, Turkey (AP) — A total of 190 people were safely evacuated from a plane in Turkey on Thursday after one of its tires burst during landing at a southern airport, Turkey's transportation ministry said. No one was hurt. The Boeing 737-800, belonging to Turkey-based Corendon...

Tractor-trailers with no one aboard? The future is near for self-driving trucks on US roads

Apr. 29, 2024 13:01 PM EDT

PITTSBURGH (AP) — On a three-lane test track along the Monongahela River, an 18-wheel tractor-trailer rounded a curve. No one was on board. A quarter-mile ahead, the truck's sensors spotted a trash can blocking one lane and a tire in another. In less than a second, it signaled,...

FedEx pledges $25 million over 5 years in NIL program for University of Memphis athletes

Apr. 19, 2024 10:58 AM EDT

MEMPHIS (AP) — FedEx on Friday pledged $25 million over the next five years to be used in sponsorship deals with University of Memphis athletes, a huge boost for the school's name, image and likeness compensation efforts. The Memphis-based shipping giant said the program will...

Stock market today: Wall Street slips as bond yields jump on surprisingly strong manufacturing data

Apr. 01, 2024 16:57 PM EDT

NEW YORK (AP) — Most U.S. stocks slipped Monday after a surprisingly strong report on U.S. manufacturing cast doubts on how much interest rates can ease this year. The S&P 500 dipped 10.58 points, or 0.2%, from its all-time high to finish at 5,243.77. The Dow Jones Industrial...

AT&T, FedEx fall; Ballard Power, Semtech rise, Monday, 4/1/2024

Apr. 01, 2024 16:14 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Monday: AT&T Inc., down 10 cents to $17.50. The telecommunications giant said it discovered a data breach impacting millions of current and former customers. Elanco...

UPS to become the primary air cargo provider for the United States Postal Service

Apr. 01, 2024 14:49 PM EDT

UPS will become the primary air cargo provider for the United States Postal Service. The Atlanta shipping company said Monday that it had received an air cargo contract from the U.S. Postal Service that significantly expands an existing partnership between the two. ...

Stock market today: Wall Street closes its best week of the year with a quiet finish

Mar. 22, 2024 16:59 PM EDT

NEW YORK (AP) — U.S. stocks closed their best of the year so far with a quiet finish on Friday, remaining near their records. The S&P 500 slipped 7.35 points, or 0.1%, from its all-time high to close at 5,234.18. The Dow Jones Industrial Average fell 305.47, or 0.8%, to...

Nike, Lululemon fall; FedEx Star Equity rise, Friday, 3/22/2024

Mar. 22, 2024 16:12 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Friday: Nike Inc., down $6.96 to $93.86. The sneaker and athletic apparel maker gave investors a disappointing revenue forecast. FedEx Corp., up $19.47 to $284.32. ...