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 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 Shares Tumble Over 15% on Limp Demand, Delivery Trade-Down
FedEx, seen as a global trade barometer, lost over $11 billion in market value. Its earnings report dragged down shares in rivals United Parcel Service and DHL, which are also grappling with sluggish demand and an overhead cost hangover from the early pandemic's ecommerce boom.
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 Stock Is Down. Earnings Show Why The Fed Cut Rates.
The economy just isn’t helping, and there is a troubling shift happening which shows why the Fed just cut benchmark interest rates. FedEx reported Thursday evening adjusted earn
FedEx shares tumble as customers opt for slow and cheap
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 worker goes viral after video shows him stopping alleged porch pirate in South Florida while delivering packages
According to ONLY in DADE, the man has been allegedly trying to steal new iPhones being delivered and has been spotted in the ...
Economic bellwether FedEx blames poor Q1 on darkening outlook for manufacturers
FedEx cites weaker than expected demand from manufacturers with many ditching priority shipping for cheaper options.
Why Did FedEx Stock Fall 13%?
FedEx reported revenue of $21.6 billion and adjusted earnings of $3.60 per share, well below our estimates of $22.1 billion, ...
Judge orders trial for FedEx driver indicted in Athena Strand murder moved to Tarrant County
Tanner Horner’s attorneys requested his trial be moved out of Wise County, citing “pre-trial publicity.” A judge approved the ...
Insiders Could Have Profited By Holding onto FedEx Shares Despite 11% Drop
FedEx Corporation's (NYSE:FDX) value has fallen 11% in the last week, but insiders who sold US$3.1m worth of stock ...
FedEx quarterly profit disappoints as demand for speedy delivery wanes
FedEx reported a lower first-quarter profit on Thursday as demand in the package industry remained muted, especially for ...
Powell Industries climbs to top industrial gainer of week, FedEx dips after earnings
The Industrial Select Sector SPDR Fund ETF (XLI) rose +2% for the week ended Sept. 20, while the SPDR S&P 500 Trust ETF (SPY) ...
FedEx Cuts Full-Year Outlook After Posting Lower Profit, Revenue
FedEx’s results were dragged down by weaker-than-expected demand, particularly in the U.S. domestic package market.