|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||248.02 - 254.12|
|52 Week Range||182.89 - 274.66|
|PE Ratio (TTM)||23.21|
|Forward Dividend & Yield||2.00 (0.81%)|
|1y Target Est||N/A|
Jim Cramer shares his weekly game plan with investors and tells them to stay on their toes in case of upside surprises.
Express service aimed at e-commerce shipments will start in major cities and will offer new competition for growing online commerce delivery to homes.
The Fed will hold a policy meeting, and another rate hike is expected, while President Trump's steel and aluminum tariffs are due to take effect.
Germany-based package deliverer DHL will reportedly begin offering an e-commerce delivery service in eight U.S. cities.
DHL is turning up the heat on UPS following an announcement Friday that it will be launching a delivery service for online retailers in eight U.S. cities, including Atlanta. The German logistics company said it will be "piloting a range of new technologies" in its U.S. operations, including DHL Parcel Metro, a service that uses customized software that lets DHL create a 'virtual delivery network" of local and regional contractors that will make same-day or next-day deliveries from retailers and fulfillment centers to homes. "For consumers, the service creates a seamless experience: an online and mobile interface allows consumers to track shipments in real-time, communicate special instructions to their courier, reschedule a delivery and rate their delivery experience," DHL said in a news release.
Shares of FedEx (FDX) have fallen year-to-date, as investors remain concerned that Amazon.com (AMZN), once a boon to it and rival United Parcel Service (UPS), has become a threat. The Bull, however, contend that FedEx bears are oversimplifying, and Oppenheimer's Scott Schneeberger is optimistic that FedEx will deliver the goods when it releases its earnings next week. Schneeberger, who reiterated an Outperform rating on FedEx today, believes that the company has executed well during the peak holiday season "delivering strong service levels as it seemingly achieved its operational/financial objectives." Given this, and the quality of FedEx's revenue and its focus on pricing, he anticipates that its Ground segment should see margins expand, as it leverages its growing automated network.
FedEx (FDX) buoys hope for the third quarter on solid e-commerce growth, the new tax law as well as a hike in shipping rates.
SAN FRANCISCO/SEATTLE (Reuters) - Deutsche Post AG's DHL said on Thursday it was launching a delivery service for online retailers in eight U.S. cities, as the German logistics company takes a swipe at dominant players UPS and FedEx. Through DHL eCommerce's Parcel Metro service, first reported by Reuters, contractors will make same-day or next-day deliveries from retailers and fulfilment centres directly to homes, the company said. "This sector (e-commerce) offers a tremendous amount of opportunity to the logistics space," DHL eCommerce Americas Chief Executive Officer Lee Spratt said when announcing the service at an event in San Francisco.
SAN FRANCISCO/SEATTLE (Reuters) - Deutsche Post AG's DHL said on Thursday it was launching a delivery service for online retailers in eight U.S. cities, as the German logistics company takes a swipe at dominant players UPS and FedEx. Through DHL eCommerce's Parcel Metro service, first reported by Reuters, contractors will make same-day or next-day deliveries from retailers and fulfillment centers directly to homes, the company said. "This sector (e-commerce) offers a tremendous amount of opportunity to the logistics space," DHL eCommerce Americas Chief Executive Officer Lee Spratt said when announcing the service at an event in San Francisco.
FedEx (FDX) has been in the headlines recently as Amazon (AMZN) spends money on warehouses, planes, and much more in an effort to conquer the shipping industry. Nevertheless, FedEx remains seemingly unfazed and looks poised to grow both its top and bottom lines.
FedEx Corp. finally revealed the dollar amount that would fund its planned Memphis Super Hub modernization plans: $1 billion. The ceremony, held at the Signature Flight Support facility off Winchester Road Wednesday, March 14, was relatively low-key considering the number of zeros in the figure the company said it would invest in updates to its facilities — without state incentives. While the Memphis Business Journal reported on the initial news and had a more in-depth look after the ceremony , below is additional commentary from the event that further highlights what Haslam and David Cunningham, president and CEO of FedEx Express, thought about what the investment means both for the state and the locally based logistics and delivery giant.
FedEx said Wednesday that it is investing more than $1 billion to modernize and expand its Tennessee hub, in a move the shipping giant says will improve its efficiency and reliability as it delivers packages ...
One billion dollars — that is the amount FedEx Corp. plans to invest in its Memphis SuperHub. Today, Fred Smith — founder, chairman and CEO of the locally based shipping and logistics company — and David Cunningham — president and CEO of FedEx Express — welcomed Tennessee Gov. Bill Haslam to FedEx’s hub at Memphis International Airport (MEM) to make official the long-anticipated modernization announcement . “The reason I am here is because I want to make certain nobody ever takes FedEx for granted,” Haslam said.
FedEx announced today it will make a more than $1 billion capital investment to modernize its Memphis hub and improve operational efficiency and reliability. Construction should begin next year after the plan is approved, FedEx said, and the project is projected to be completed by 2025. FedEx's modernization includes construction of a new large sort facility, installation of state-of-the-art sort systems, construction of a bulk truckload building and a new area to improve handling of the oversized shipments that have increased with the growth in e-commerce.
Textron Aviation has completed the first round of wind tunnel testing for the Cessna 408 SkyCourier turboprop launched last November with an order by FedEx for up to 100.