FDX - FedEx Corporation

NYSE - NYSE Delayed Price. Currency in USD
+0.45 (+0.29%)
At close: 4:02PM EST

156.68 0.00 (0.00%)
After hours: 5:19PM EST

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Previous Close156.23
Bid156.33 x 1100
Ask156.86 x 1000
Day's Range155.48 - 158.00
52 Week Range137.78 - 234.49
Avg. Volume2,616,438
Market Cap39.614B
Beta (3Y Monthly)1.72
PE Ratio (TTM)92.06
Earnings DateN/A
Forward Dividend & Yield2.60 (1.66%)
Ex-Dividend Date2019-09-06
1y Target EstN/A
  • Meet Udo Lange: FedEx's 'force multiplier' as he takes over Logistics from Richard Smith
    American City Business Journals

    Meet Udo Lange: FedEx's 'force multiplier' as he takes over Logistics from Richard Smith

    How does a person from a small town in Bavaria one day find himself living in Memphis? The answer: FedEx. Here's part one of MBJ's one-on-one with Dr. Udo Lange, CEO of FedEx Logistics.

  • Barrons.com

    The U.S. Postal Service Just Lost $8.8 Billion. Why That’s Actually Pretty Good.

    It’s earnings season for the USPS too. The post office reported a huge full year loss on Thursday, but sales are actually growing.

  • Walgreens Boots Rallies on KKR's Bid but Market View Mixed

    Walgreens Boots Rallies on KKR's Bid but Market View Mixed

    Albeit the market sentiment is bullish on Walgreens Boots' (WBA) potential acquisition deal, many analysts are in doubt about the company's effective approach to get privatized.

  • Moody's

    Memphis-Shelby County Airport Authority, TN -- Moody's announces completion of a periodic review of ratings of Memphis-Shelby County Airport Authority, TN

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Memphis-Shelby County Airport Authority, TN and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Benzinga

    FedEx Unit More Than Doubles Early-A.M. Transpacific Air Network

    FedEx Express, the air and international unit of FedEx Corp (NYSE: FDX), said it has more than doubled the number of Asia-Pacific origin markets serving the U.S. and Canada for its early-morning delivery service, FedEx International First. The unit said it has added 14 originating Asia-Pacific markets, bringing to 25 the number of markets in the region with flights to the U.S. and Canada. The unit offers door-to-door service, which includes customs clearance, at a pre-defined delivery commitment for packages weighing up to 150 pounds.

  • FedEx (FDX) Dips More Than Broader Markets: What You Should Know

    FedEx (FDX) Dips More Than Broader Markets: What You Should Know

    FedEx (FDX) closed at $162.24 in the latest trading session, marking a -0.6% move from the prior day.

  • UPS enters flat-rate pricing battle with FedEx, USPS
    American City Business Journals

    UPS enters flat-rate pricing battle with FedEx, USPS

    "They were kind of forced to roll out this product in order to compete with the post office and Amazon.”

  • Benzinga

    Regional Parcel Carriers Hope E-Commerce Will Boost Share Of Shippers' Wallets

    Regional carriers have much to offer parcel shippers, especially those looking to break some of their bonds with FedEx Corp. (NYSE: FDX) and UPS Inc. (NYSE: UPS). The regionals can deliver fast and reliably because of their tight coverage areas. Kim Brown, vice president of brand supply chain and global logistics at Quality Bicycle Products, the nation's largest wholesale distributor of bicycle parts and accessories, describes her relationships with her regional carrier reps as "warm and welcoming." Brown, who uses regionals throughout the U.S., doesn't speak in such lofty terms about her big-parcel reps.

  • Bull of the Day: Chegg, Inc. (CHGG)

    Bull of the Day: Chegg, Inc. (CHGG)

    Bull of the Day: Chegg, Inc. (CHGG)

  • American City Business Journals

    Moses Lake entrepreneur targets Sea-Tac Airport's fruit, produce cargo business (Photos)

    Jeff Akridge has invested more than $2 million to create several hangars for refrigerated fresh fruit and other fresh produce.

  • GuruFocus.com

    Top Insider Buys Highlight for the Week of Nov. 8

    Insiders invest in McDonald's, FedEx, Keurig Dr Pepper and Corteva Continue reading...

  • FedEx and BBDO make imagination centerpiece of new holiday ad campaign
    American City Business Journals

    FedEx and BBDO make imagination centerpiece of new holiday ad campaign

    Viewers will have to use their own imaginations to fully process FedEx's holiday ad campaign from BBDO New York.

  • 7 Large-Cap Stocks to Give a Wide Berth

    7 Large-Cap Stocks to Give a Wide Berth

    Generally, people turn to large-cap stocks when the future looks uncertain. It's almost cliche but has an element of truth to it. Large-cap stocks are generally more diversified, so if one part of the company's portfolio gets hit, it has more to make up for it. And some even have counter-cyclical components, specifically for this purpose.But that can get tricky, since focused companies usually are better at understanding the sector where they operate and can adjust to economic cycles. Either way, the point is being selective.This is plainly illustrated in the stocks below. These seven large-cap stocks are in sectors that are struggling now, and probably for a while to come. Some of the stocks have unique situations that turn good stocks in good sectors into stocks to avoid.InvestorPlace - Stock Market News, Stock Advice & Trading TipsEither way, steer clear of these stocks. To keep your portfolio moving in the right direction, adjust your strategy accordingly. Large-Cap Stocks: Occidental Petroleum (OXY)Source: Shutterstock Occidental Petroleum (NYSE:OXY) has not been doing well recently. As a matter of fact, the stock just hit a 14-year low this week.Much of the problem was its big buy of Anadarko Petroleum for $57 billion. At the time, it looked like a smart play on the domestic oil trend in the U.S. However, it's now a very heavy albatross.As we've sunk into a global recession -- all save the U.S. for now -- oil prices have been sinking. And if they're not sinking, they're certainly not rising. Even Saudi Arabia is talking about cutting production simply because there's already a glut in the market.And that's not to mention the fact that OXY likely paid top dollar for Anadarko, which is looking worse and worse. * 7 Beverage Stocks to Stock Up On Don't let its 8% dividend fool you. It's likely to get cut soon anyway. Schlumberger (SLB)Source: Valentin Martynov / Shutterstock.com Schlumberger (NYSE:SLB) is the world's largest oil services company. And after explaining why OXY is in such a pickle right now, it's a pretty similar story for SLB.If companies aren't drilling, then they don't need drilling equipment. When oil fields are slowing down or shutting down, they don't need oil services. When exploration slows, which is the bread and butter of SLB's business, the stock goes down.To be fair, SLB stock is treading water year-to-date. And its solid 5.6% dividend puts it above water. However, the stock is off 31% in the past 12 months and the future of the industry doesn't have a lot of sunshine.This isn't to say that this oil field legend is doomed. It's just going through a rough patch. But there's little point buying now when the trend still has more downside than upside. As I like to say, you couldn't pay me enough to invest my family's nest egg in any of these risky stocks. I prefer to invest in what I've dubbed "bulletproof stocks." Walgreens (WBA)Source: saaton / Shutterstock.com Walgreens (NASDAQ:WBA) seemed like the stock that was ushering in the consumer-facing side of modern healthcare in the U.S. and the United Kingdom.But things aren't looking so rosy now.It's not that the sector is under a great deal of pressure. This is a stock and company-specific issue. It seems any company that touches Rite Aid (NYSE:RAD) properties withers.WBA made a move for the entire company but was spurned by regulators. But it did acquire a portion of RAD shops. The hope was scaling up would bring more economies of scale and better margins. But it hasn't worked out that way yet. And just this week WBA announced that it was exploring the idea of going private. This was a shock -- and not a good one. The news sent the stock down further. * 7 Stocks to Sell Before They Roll Over While most analysts don't give the possibility much credence, it doesn't help the stock, which is now off 13% year-to-date and 28% for the year. Mylan (MYL)Source: sylv1rob1 / Shutterstock.com Mylan (NASDAQ:MYL) manufactured its first pill in 1966. Today, it's the second-largest generic drug manufacturers in the U.S.Just this year, it purchased Pfizer's (PFE) Upjohn unit that makes off-patent drugs. It has acquired a number of generic competitors over the years and continues its growth.But this side of the pharmaceutical business isn't what it used to be and growth by acquisition doesn't necessarily boost margins.Perhaps that was the logic in misclassifying its famous EpiPen so it could get some big bottom-line growth. But it was a lazy -- and illegal -- way to go about it, and now it has to pay the price with snowballing investigations, rising legal bills and growing numbers of analysts downgrading the stock.This is a falling knife you don't want to try catching. FedEx (FDX)Source: Antonio Gravante / Shutterstock.com FedEx (NYSE:FDX) is another mighty company that should be doing well in this expanding world of e-commerce. The problem is, the optimism got out ahead of the reality.Now that FDX is a global logistics company, it is more sensitive to global trends. And as the world's growth slows, so does FDX's.The other challenge is rising competition in both global and local markets. And in June of this year, FDX announced it wasn't renewing its express delivery service contract with e-commerce giant Amazon (NASDAQ:AMZN).Neither company walks away a winner in this decision and FDX has yet to announce a deal with another major retailer to fill the shoes of AMZN. But next-day delivery isn't cheap, and it's likely that FDX wasn't expecting the massive business the holiday season brings to help its earnings or margins at the end of the day. * 7 Earnings Losers That Were Hit Hard This Season Including its 1.6% dividend, FDX stock is about even year-to-date, but it's off 30% in the past year. And don't expect much upside until it fills the gap in AMZN revenue. Rather than throwing your money away here, you're much better off looking for stocks that exhibit the following characteristics: * Strong dividend growth * Stellar record of paying consistent dividends * An above-average yield (against the S&P 500) * Market-beating growth Posco (PKX)Source: testing / Shutterstock.com Posco (NYSE:PKX) is one of the top four steelmakers in the world. While it's based in South Korea, it also has joint operations in the U.S. with United States Steel (NYSE:X) in Pennsylvania and California.The story in this sector is once again the global slowdown. If fewer people are buying plants and equipment, or cars or other durable goods (or goods in general), then steel production falls.And when you're one of the biggest steel producers in the world, you can't keep your furnaces running if there's no demand for output.PKX is moving ahead with a lithium project in Argentina, but that isn't anywhere near completion. It's just good to know it's looking at supplementing its core market.Given the fact that global growth may remain slow for a while, there's no point in bargain hunting at this point. Deutsche Bank (DB)Source: Martynova Anna / Shutterstock.com Deutsche Bank (NYSE:DB) somehow remains the leading bank in Germany. And because of that, it's one of the key lenders to the European Union.Germany is known as the banker of Europe, given the fact that it's the largest economy on the continent and as a key EU partner, it runs the finances. When Greece was teetering, it was Germany that underwrote the loans to bail it out.But all that intertwined business has left it exposed on a number of levels to exploitation inside and outside the bank. It's constantly embroiled in scandals and hidden losses.It's Europe's version of too-big-to-fail bank. And since it has bankrolled the EU, it's even harder to shut it down or break it apart.Germany is now on the brink of recession and Europe isn't doing much better, especially as Brexit remains an issue. This is no time to add this kind of risk to your portfolio.To prepare for a shifting market, I suggest steps that every investor should take right now:* Follow the money: Buy stocks that are seeing massive cash infusions.* Protect your portfolio: Invest in market-beating stocks with my simple trick.* Go risk-off: Strong fundamentals are more paramount than ever.My stock-picking track record includes the following: * 274% gain in semiconductor stock Nvidia (NASDAQ:NVDA) * 134% gain in defensive plays * 123% gain in a personnel service stockTo learn how to invest in this shifting market, and to receive my top stock picks, click here.Louis Navellier had an unconventional start, as a grad student who accidentally built a market-beating stock system -- with returns rivaling even Warren Buffett. In his latest feat, Louis discovered the "Master Key" to profiting from the biggest tech revolution of this (or any) generation. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Sell Before They Roll Over * 5 Beaten-Up Stocks to Buy That Could Be Saved By An Acquisition * 4 Startup Stocks Getting Smashed The post 7 Large-Cap Stocks to Give a Wide Berth appeared first on InvestorPlace.

  • Benzinga

    UPS, In Latest Density Push, Pays Customers To Pick Up At Alternate Locations

    UPS Inc. (NYSE: UPS) announced on November 7 that it is offering $35 in rewards for consumers to pick up holiday packages at any one of 15,000 alternate delivery locations across the U.S. – known in Brown-lingo as "Access Points." Under the program, which began November 1, qualifying consumers receive a $15 Target Corp. (NYSE: TGT) digital gift card and $20 in upgrade credits to the UPS "My Choice" program, which allows business and residential end-users to manage their delivery schedules. The carrier's Access Point network is comprised of an array of locations. The most notable outside of the UPS Store retail system are the 1,000 stores operated by Michaels Stores (NASDAQ: MIK), a retailer.

  • Benzinga

    Appeals Court Finds UPS Liable For Illegally Transporting Contraband Cigarettes

    A federal appeals court on Nov. 7 upheld a lower court's ruling that shipping giant United Parcel Service Inc. is liable for illegally transporting hundreds of thousands of cartons of untaxed cigarettes from Native American reservations to unlicensed recipients in New York state. In its ruling, the 2nd U.S. Circuit Court of Appeals in Manhattan reduced the payout and penalties UPS Inc (NYSE: UPS) must pay to around $97.6 million, down significantly from approximately $247 million U.S. District Court Judge Katherine B. Forrest ordered the company to pay back in May 2017, according to Reuters. The appeals court agreed with Forrest that the Atlanta-based company violated New York's public health law to combat untaxed shipment of cigarettes "sold via the internet or by telephone or mail order" to unlicensed recipients in New York, according to court documents.

  • Amazon Is Accused of Forcing Up Prices in Antitrust Complaint

    Amazon Is Accused of Forcing Up Prices in Antitrust Complaint

    (Bloomberg) -- In a letter sent to federal lawmakers, an online merchant has accused Amazon.com Inc. of forcing him and other sellers to use the company’s expensive logistics services, which in turn forces them to raise prices for consumers. The 62-page document, reviewed by Bloomberg, lays out an antitrust case that emphasizes harm to consumers—the traditional basis for such cases in the U.S.  Until now, antitrust experts have suggested that Amazon was not vulnerable to such an argument and that regulators would need to find another way to restrain the company’s growing market power. The complaint, based on an analysis of thousands of Amazon transactions over several years involving more than 100 products, turns all of that thinking on its head. It accuses Amazon of “tying” its marketplace and logistics services together, an antitrust violation in which a company uses dominance in one market to give itself an advantage in another market where it’s less established. The letter refers to previous Supreme Court rulings on tying, including one against Kodak in 1992 that said the photocopier manufacturer violated antitrust laws by forcing customers who bought its machines to also use its parts and repair services.“When it comes to Amazon’s dealings with third-party merchants, some of the conduct actually does lend itself to antitrust scrutiny,” said Hal Singer, an antitrust expert and Georgetown University adjunct professor retained by the merchant to work on the analysis. “If you can connect the conduct to some measureable harm, in this case increased prices, that gets you into the antitrust ballpark.”Amazon, in an emailed statement, disputed many of the merchants’ allegations, saying its logistics prices are competitive and its sellers aren’t penalized for using other delivery options. “Amazon has invested tens of billions of dollars in developing a world-class fulfillment network and we offer that network to sellers at highly competitive fees when compared to other options available to sellers. In fact, our research shows other comparable options available to sellers are approximately 50-80% more expensive”  than Amazon services, the company said.The accusations are potentially a significant development in various government inquiries into Amazon’s business practices. The House Judiciary Committee’s antitrust panel hosted a hearing in July during which chairman David Cicilline, a Rhode Island Democrat, grilled an Amazon attorney about its practices. As  part of that investigation, the committee sent surveys to customers of big tech platforms, asking about the state of competition in digital markets and the adequacy of existing enforcement.The merchant, who received that survey, says he can’t pursue an antitrust case himself because he agreed to binding arbitration when he began selling products on Amazon. But he hopes the Federal Trade Commission, which is already interviewing merchants, will investigate or that a logistics company will file suit, alleging it is losing business due to Amazon's practices. The merchant, who said he has paid Amazon tens of millions of dollars in fees in recent years, requested anonymity out of fear of losing business.A spokesman for the House Judiciary’s antitrust committee declined to comment.The merchant’s letter says Amazon raised logistics fees by 20% over the past four years until they cost as much as 35% more than competing services. The merchant claims Amazon pushed him to continue using its logistics or risk being suspended from selling on its platform or seeing his products marginalized on the site. He says using Amazon’s service forced him to boost prices by as much as 12% on more than 100 products he’s been selling on Amazon for years. The allegations directly challenge Amazon’s own testimony that search algorithms determining which products are most prominently displayed are designed to best serve customers, not favor Amazon. The merchant alleges he could offer the same products on Amazon at lower prices and with faster, more reliable delivery if he could handle logistics himself without being penalized for late deliveries. Merchants using Amazon’s logistics services  don’t face penalties for delivery mishaps, which is why many choose to use it even when better options are available, the letter states.Amazon operates an online marketplace, essentially a digital mall where merchants can sell products. Its website attracts 210 million unique visitors each month in the U.S., mostly shoppers looking for products, making it extremely valuable for anyone looking to sell things online. More than half of all goods sold on Amazon come from independent merchants who pay Amazon a commission on each sale. Amazon controls more than 70% of all online marketplace sales in the U.S., more than triple its closest online marketplace competitor EBay Inc., according to Digital Commerce 360.How regulators define Amazon’s market is a key step in any antitrust investigation. Amazon maintains it should be considered in the broadest possible terms, a retailer that attracts about 4 percent of spending in the U.S. The allegations propose narrowly defining Amazon as the dominant online marketplace with few competitors, which makes its merchant customers more susceptible to its demands.The letter alleges Amazon uses its marketplace to push its logistics services called Fulfillment by Amazon. Merchants ship their products to Amazon warehouses around the country and pay the online giant fees for storage, packing and delivery. Amazon has been expanding its logistics operations to handle everything from storing products to shipping them to customers’ homes. Its online store where U.S. shoppers will spend $221 billion this year, according to EMarketer Inc., gives it a big platform from which to build its logistics business. If Amazon can use its marketplace might to build up its logistics business, it wins an advantage over rival services offered by UPS, FedEx and smaller logistics providers.Amazon, in its emailed statement, said “Fulfillment by Amazon is a service that our sellers love—they tell us FBA saves them time, money and the hassle of packing and shipping boxes so they can instead focus on growing their business, creating new products, and even spending more time with their families. They tell us they choose FBA because it gives them peace of mind knowing that shipping logistics and customer service are taken care of 24/7, year-round.”The merchant’s complaint is by no means a sure thing. Tying services and products together alone isn’t illegal. For more than a century, disputes involving railroads, hospitals and big technology companies like Microsoft have asked the courts to determine when tying should be deemed anticompetitive, and it’s a subject frequently debated by legal scholars. The merchant’s complaint points to a 1984 Supreme Court ruling that laid out standards for illegal tying, later used in the Kodak case, which the merchant’s letter says pertains to Amazon.“The essential characteristic of an invalid tying arrangement lies in the seller’s exploitation of its control over the tying product to force the buyer into the purchase of a tied product that the buyer either did not want at all, or might have preferred to purchase elsewhere on different terms,” the 1984 Supreme Court ruling states.The letter alleges that Amazon uses “carrots and sticks” to coerce merchants to buy its logistics services. Amazon’s control of the marketplace lets it determine which products are most visible on the site. Those using Fulfillment by Amazon are more likely to have their items appear prominently in search results to win sales. Merchants can sell products on Amazon and handle logistics themselves, but many opt to use Fulfillment by Amazon to increase their visibility on the site, a key factor in selling products.Amazon denied its search results favored items it delivers, but said products offered by merchants using its logistics services tend to be more prominent in results. It said that’s not because the search algorithm is biased toward Amazon, but because Amazon logistics “generally provides a better and more reliable experience for our customers than fulfillment through other means,” Amazon general counsel David Zapolsky said in a July letter to the House antitrust panel.The merchant’s letter disputes Amazon’s testimony. Of more than 120,000 Amazon orders handled by Fulfillment by Amazon from Aug. 25 to Oct. 25, fewer than 25% arrived within two days; more than half arrived in about three days and more than 15% arrived in four days, according to the merchant’s analysis. Despite the slow delivery times, Amazon’s logistics fees were 35% higher than other rapid shipping options offered by UPS and the U.S. Postal Service, according to the merchant.The sticks Amazon uses to coerce merchants to use its logistics services are strict penalties, including getting kicked off the platform, for merchants who handle their own logistics. Merchants using Amazon logistics services aren’t penalized when customer orders arrive late, even though they frequently do, since that’s Amazon’s responsibility. Those who handle their own logistics face stiff penalties for even minor delivery mishaps, including being suspended from selling on the platform, according to the merchant.Merchants decide to use Amazon’s logistics, even when more affordable options are available, because it protects them from being kicked off the platform when deliveries are late.“The most intimidating stick in Amazon’s arsenal is the ability to suspend or threaten to suspend sellers,” that don’t use Amazon logistics, the complaint states.\--With assistance from Ben Brody.To contact the author of this story: Spencer Soper in Seattle at ssoper@bloomberg.netTo contact the editor responsible for this story: Robin Ajello at rajello@bloomberg.net, Alistair BarrFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Amazon's rising air shipments fly in the face of climate plan

    Amazon's rising air shipments fly in the face of climate plan

    Amazon.com Inc Chief Executive Jeff Bezos has plans to slash greenhouse gas emissions from the online retailer's delivery operations. Amazon Air's U.S. volume has risen steadily since its 2016 launch, according to an analysis of Department of Transportation data by Cargo Facts Consulting https://www.cargofactsconsulting.com, a Luxembourg-based advisory firm with a global staff and more than four decades of history. It crunched data from Air Transport Services Group Inc and Atlas Air Worldwide Holdings .

  • Benzinga

    In Change To Flat-Rate Shipping Program, FedEx Revises Packaging Rules

    FedEx Corp. (NYSE: FDX) has begun implementing a key change to its flat-rate shipping program that would let customers use their own packaging when they tender a box rather than require them to use the company's packaging and logo, according to a person familiar with the matter. FedEx will accept customer packaging for the program as long as the total shipment weighs less than 50 pounds and cubes out at 644 cubic inches, the person said. It will likely be expanded across FedEx's customer base either later this year around the time rival UPS Inc. (NYSE: UPS) discloses its 2020 rates, or by the end of the first quarter, the source said.

  • Looks Like FedEx Is Finally Ready to Deliver

    Looks Like FedEx Is Finally Ready to Deliver

    FedEx Corp. was mentioned by Jim Cramer during his "Mad Money" program Tuesday night, as the stock has been in a downtrend for the past two years. In this daily bar chart of FDX, below, we can see that prices have been weak the past 12 months.

  • FedEx (FDX) Gains As Market Dips: What You Should Know

    FedEx (FDX) Gains As Market Dips: What You Should Know

    FedEx (FDX) closed at $164.85 in the latest trading session, marking a +0.01% move from the prior day.

  • TheStreet.com

    Jim Cramer: The Machines Are (Yet Again) Sucking Liquidity Out of the Market

    The meaninglessness of quarters must not be lost on you. On Monday, we had a host of companies whose stocks went nuts despite the fact that as recently as a couple of weeks ago -- or even a few days ago -- they reported widely panned numbers.

  • Benzinga

    UPS Expects Soaring Holiday Returns; Peak Day 26% Higher Than 2018

    UPS Inc. (NYSE: UPS) said Monday that holiday returns traffic will peak Jan. 2 at 1.9 million packages, a 26% increase from the 2018 peak. In recent years, the growth of e-commerce and a hyper-competitive retail market has pushed more sales and returns into the pre-Christmas period. The second and largest spike in returns, which UPS dubs "National Returns Day," will occur Jan. 2, the traditional day for peak holiday returns.

  • FedEx Stock Soars on US-China Trade Deal Optimism
    Market Realist

    FedEx Stock Soars on US-China Trade Deal Optimism

    FedEx stock soared yesterday on hopes of a US-China trade deal after US commerce secretary Wilbur Ross said the two sides are “making good progress.”

  • UPS is teaming up with CVS to introduce drone deliveries
    Yahoo Finance Video

    UPS is teaming up with CVS to introduce drone deliveries

    UPS' new Flight Forward initiative made its first drone delivery in its partnership with CVS. The delivery beat out FedEx, Google, and Walgreens' Wing initiative in the medicinal delivery race.