FedEx quarterly profit disappoints as demand for speedy delivery wanes
FedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers continued to trade down from speedy, pricey delivery to cheaper, slower options.
FedEx earnings miss could signal a slowing economy
FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this year, a sign of possible cooling in the wider economy.
FedEx’s earnings miss may be more of a speed bump than a brick wall, analyst says
Analysts see a potential spinoff of FedEx’s freight business as a possible boost, but the stock is dropping sharply
FedEx shares tumble over 15% on limp demand, delivery trade-down
By Shivansh Tiwary, Lisa Baertlein (Reuters) -Shares of FedEx slumped over 15% on Friday, the worst in two years, after a dismal first-quarter profit drop due to anemic economic conditions and an ongoing customer shift toward slower,
FedEx flags major shift in consumer behavior that’s hurting profits
The shipping carrier is calling out a growing trend that speaks volumes about the current state of the industrial economy.
FedEx’s lower full-year forecast sinks its stock, as customers look to save on deliveries
The package-delivery giant said reduced demand for priority services and higher operating costs weighed on its results.
FedEx Quarterly Profit Drops as Customers Opt for Cheaper, Slower Shipping Alternatives...
FedEx reported a sharp decline in quarterly profits and lowered its full-year revenue forecast as customers shifted from faster, expensive deliveries to cheaper alternatives. FedEx CEO Raj Subramaniam cited softer industrial demand as shipments between manufacturers,
Challenging Quarter Show That FedEx's Complex Restructuring Got Messy
On Thursday after market close, FedEx Corporation (NYSE: FDX) issued its first quarter results as it undergoes a significant ...
Reuters16d
FedEx invests in AI robotics company Nimble to boost its supply chain business
FedEx said the investment would help streamline ... though gains were capped by persistent demand worries and weaker China data. Financecategory PwC invests in 'high quality' business in China ...
Live news: Three Mile Island to become clean energy centre for Microsoft
The People’s Bank of China announced that its five-year loan prime rate, which affects borrowing costs for households, would stay at 3.85 per cent and its one-year rate, which is tied to business ...
Trending tickers: Nike, Mercedes-Benz, FedEx and Investec
Surrey achieved a hat-trick of County Championship titles when Somerset, their nearest rivals, disintegrated at Old Trafford and lost to Lancashire. It is the first such hat-trick that any county has ...
The Sun Chronicle1d
Stock market today: Wall Street closes out a record-setting week on a quiet note
A record-setting week for Wall Street closed on a quieter note. U.S. stocks mostly pulled back from their highs hit during a ...
CNN8d
‘Go around. Go around. Go around’: Pilots who came within 150 feet of a crash share how they deftly averted disaster
The weather was about as bad as it gets, in terms of dense fog. The pilots of a FedEx cargo plane couldn’t see the runway or the airfield at Austin-Bergstrom International Airport. But they’re ...
FedEx Corporation (FDX) Q1 2025 Earnings Call Transcript
Q1 2025 Earnings Conference Call September 19, 2024 5:30 PM ETCompany ParticipantsJeni Hollander - VP of IRRaj Subramaniam ...
Killeen Daily Herald1d
Stock market today: Wall Street hovers around records as FedEx slumps
U.S. stocks are hovering around the records they set the day before during a worldwide rally. The S&P 500 slipped 0.2% in ...
Star Tribune12d
Feds sue FedEx, alleging injured workers were illegally denied accommodations
An injured Minnesota FedEx driver says she was placed on unpaid medical leave and later fired without being offered accommodations to return to work, despite her requests. Now the Equal Employment ...
thefinance6d
Smart Look At The Week Ahead: US Interest Rates, BoJ, BoE, FedEx And TikTok
The US Federal Reserve will announce its latest interest-rate decision. The consensus is that the Fed fund rate will be cut by 0.25% to 5.25%. However, some believe that it could be reduced by as much ...
FedEx Q1 Earnings: Revenue Miss, EPS Miss, Lowered Guidance — 'Challenging Quarter'
FedEx reports first-quarter revenue of $21.6 billion, missing analyst estimates of $21.955 billion. FedEx reports ...