224.63 +0.64 (0.29%)
Pre-Market: 9:29AM EDT
|Bid||222.41 x 100|
|Ask||224.95 x 400|
|Day's Range||220.61 - 224.00|
|52 Week Range||168.00 - 227.00|
|PE Ratio (TTM)||20.23|
|Forward Dividend & Yield||2.00 (0.91%)|
|1y Target Est||N/A|
XPO Logistics Inc said on Friday it is hiring more than 6,000 seasonal workers for the crucial peak holiday season, roughly 20 percent more than last year, as the third-largest publicly traded U.S. logistics company gears up for a surge in e-commerce deliveries. The low U.S. jobless rate heading into peak this year poses a challenge for XPO and other major logistics and shipping companies, such as FedEx Corp and United Parcel Service Inc, which must add thousands of temporary workers to handle as much as twice their normal package volumes. "E-commerce is the most exciting dynamic in the logistics industry," Troy Cooper, XPO's chief operating officer, told Reuters.
FedEx (FDX) reported earnings about a month ago. What's next for the stock? We take a look at earnings estimates for some clues.
Amazon.com is ready to make its first major Memphis investment. The e-commerce giant submitted a payment-in-lieu-of-taxes (PILOT) application to the Economic Development Growth Engine (EDGE) for Memphis & Shelby County to build a more than 615,000-square-foot “receive center" and create 600 jobs. If approved for the 15-year Jobs PILOT, the applicant plans to invest $72.5 million for the development, located on an 83-acre lot at 3282 E. Holmes Road — about two blocks from the southern boundary of Memphis International Airport and the FedEx World Hub.
Amazon’s dominance over the infrastructure of modern commerce — clouds, devices and logistics — means it’s one of the few companies on the board you can be certain will be around, even thriving, in the year 2030. In the near term, AMZN stock is about to cross the $1,000 barrier for the third time in 2017. If Amazon achieves $160 billion in sales this year, $1,000 per share is a market cap three times higher than that, at $477 billion.
FedEx is one step closer to a new $259 million Indiana development. A subsidiary of Memphis-based FedEx Corp., FedEx Ground, which is based out of Pittsburg, Pennsylvania, plans to build a new 608,000-square-foot FedEx Ground Package System in Greenwood, Indiana. Chad Sweeney, senior principal with Ginovus — a site selection firm that represents FedEx on projects across the U.S. — along with Debbie Dillinger from FedEx Services presented the project and its application for property tax deductions to the Greenwood Redevelopment Commission at an Oct. 10 meeting.
Gas distributors were higher, led by Sempra (SRE). Nucor (NUE) was boosting steel. Air freight was higher, thanks to FedEx (FDX). Fastenal (FAST) was weighing on wholesale distributors. Robert Half (RHI) ...
KeyBanc Capital Markets initiated coverage of FedEx Corporation (NYSE: FDX ) with an Overweight rating and a $260 price target, which suggests roughly 18 percent upside from Tuesday's close. Analysts Todd ...
The online retailer is partnering with some of the largest apartment building landlords in the country to install "lockers" so you can access your own packages 24/7. Yahoo Finance’s Alexis Christoforous, Dan Roberts, and Kevin Mahn, CIO of Hennion & Walsh Asset Management why Amazon is looking into more ground delivery options.