|Bid||0.00 x 100|
|Ask||0.00 x 100|
|Day's Range||220.04 - 225.25|
|52 Week Range||207.90 - 274.66|
|Beta (3Y Monthly)||1.51|
|PE Ratio (TTM)||12.56|
|Earnings Date||Dec 18, 2018|
|Forward Dividend & Yield||2.60 (1.16%)|
|1y Target Est||287.96|
Milligan handles FedEx Freight’s internal communications objectives, strategies and tactics. The less-than-truckload services provider employs 40,000 people.
Amazon is offering steep discounts for its pilot shipping program that is being tested in the Los Angeles area. One seller says Amazon's shipping service was 50 percent cheaper than what was offered by UPS. The discounts show how far Amazon is willing to go as it expands its logistics network.
FedEx and the Christmas SPIRIT Foundation will spread holiday cheer to service members and their families with the Trees for Troops program, an initiative that delivers farm-grown Christmas trees to domestic and international U.S. military bases. “We are proud to kick off another year of support for the Trees for Troops program. This program is just one way the FedEx Freight team supports U.S. service members and their families,” said John Smith, president and CEO of FedEx Freight.
Amazon will invest in shipping and compete with FedEx and UPS — "it's just a matter of time," RBC Capital Markets analyst Mark Mahaney says. "You can now think about this company as being a double-digit operating margin company" because of Amazon's advertising and cloud performances, he says. Amazon's next big move could be taking on the giants of the delivery industry, RBC Capital Markets' Mark Mahaney told CNBC on Thursday.
At the inaugural Bloomberg New Economy Forum this week, Fred Smith and other FedEx execs had a message to deliver: “Trade is our Business.”
FedEx Corporation (NYSE: FDX) CEO Frederick Smith called out President Donald Trump for his views on global trade at an event in Singapore, calling his perspective "quite rare." It wasn't a compliment. FreightWaves Markets Managing Editor Mark Solomon reported the story, noting Smith said the U.S. and the world are in a tug-o-war between the forces of free trade, which provide the best opportunity to pull millions out of poverty, and those of "mercantilism and nationalism" which seek to restrain will be self-defeating. FedEx is not dramatically affected by the trade tensions between the two countries because the traffic subject to tariffs make up a small percentage of its $70 billion in annual revenue.
On a recent trip to FedEx’s Asia Pacific headquarters, the company’s CEO stopped by Bloomberg to talk.
A nationwide push to open 500 FedEx Office locations inside Walmart stores over the next two years is on. And an even bigger real estate play — one that would involve a slew of new business relationships with other shops — is on the horizon.
This could indicate that investors who seek to profit from falling equity prices are not currently targeting FDX. Over the last one-month, outflows of investor capital in ETFs holding FDX totaled $774 million.
“The WTO has almost become too big to avoid failing,” he said in a wide ranging panel discussion on trade at the New Economy Forum organized by Bloomberg Media Group, a division of Bloomberg LP, the parent company of Bloomberg News.
FedEx Corp. said it will increase shipping rates after the holidays for several of its operating units as higher transportation costs and tight capacity have put pressure on delivery providers. Shipping rates for FedEx Express, FedEx Ground and FedEx Home Delivery will rise by an average 4.9% on most U.S. services, FedEx said Monday. The higher rates will go into effect on Jan. 7, FedEx said, after the important peak holiday shipping period.
Amazon.com Inc (AMZN.O) wants to hire thousands of seasonal delivery drivers to supplement services provided by the U.S. Post Office, United Parcel Service Inc (UPS.N), FedEx Corp (FDX.N) and its own delivery partners, the company said on Monday. The move comes as the online retailer is also recruiting new delivery service partners, or DSPs, to help reduce delivery costs that more than tripled to $21.7 billion (£16.6 billion) between 2013 and 2017. Amazon and its DSP owners are competing for workers in the tightest U.S. labour market in decades.
Amazon.com Inc wants to hire thousands of seasonal delivery drivers to supplement services provided by the U.S. Post Office, United Parcel Service Inc, FedEx Corp and its own delivery partners, the company said on Monday. The move comes as the online retailer is also recruiting new delivery service partners, or DSPs, to help reduce delivery costs that more than tripled to $21.7 billion between 2013 and 2017. Amazon and its DSP owners are competing for workers in the tightest U.S. labor market in decades.
U.S. retailers, from Amazon AMZN to J.C. Penney JCP , have started earlier and are paying more and upping benefits in a pitched battle to hire more than 700,000 holiday workers in what is the tightest labor market in decades. Kohl's started hiring its holiday help in June, and Amazon shook up the entire job market when it announced plans to raise its minimum wage to $15 an hour for its 250,000 U.S. employees. J.C. Penney is holding raffles for pricey vacation packages and gift bundles worth $5,000 apiece.
FedEx shipping rates (NYSE:FDX) are slated to increase once the new year rolls around. This means that all of the three following shipping services will see price increases as of January 7 of next year: FedEx Express, FedEx Ground and FedEx Freight. The company said that the shipping rates of FedEx Express will see an increase by an average of 4.9% for its domestic services, which applies to both its U.S. exports and imports.
FedEx Corp. said Monday it will increase U.S. shipping rates by an average 4.9%, starting Jan. 7, 2019. The package delivery service said the increase includes rates for U.S. domestic, U.S. export and U.S. import services, including FedEx Ground and FedEx Home Delivery. Rates for FedEx SmartPost will also increase. FedEx Freight shipping rates will increase by an average of 5.9%. FedEx reported in September fiscal first-quarter operating expenses increased 12% to $15.98 billion, as employees costs rose 11% and purchased transportation grew 15%. The stock was still inactive in premarket trade. It has lost 8.9% over the past three months, while shares of rival United Parcel Service Inc. have declined 11%, the Dow Jones Transportation Average has slipped 2.3% and the Dow Jones Industrial Average has gained 2.2%.
FedEx Express, FedEx Ground and FedEx Freight, subsidiaries of FedEx Corp. , will increase shipping rates effective January 7, 2019.
Each year, the Memphis Business Journal recognizes the top financial minds in the Mid-South at its CFO of the Year Awards. The categories include Nonprofit-Large and Nonprofit-Small, Private Company-Large and Private Company-Small, Public Company and Lifetime Achievement. In this post, we profile the winner of the Public Company category.