|Bid||0.00 x 1100|
|Ask||0.00 x 1000|
|Day's Range||216.97 - 220.74|
|52 Week Range||214.17 - 274.66|
|Beta (3Y Monthly)||1.45|
|PE Ratio (TTM)||12.41|
|Earnings Date||Dec 18, 2018|
|Forward Dividend & Yield||2.60 (1.16%)|
|1y Target Est||289.11|
Donald Broughton of Broughton Capital joins 'Squawk Box' to weigh in on his stock picks regarding the shipping economy.
With the rise of e-commerce and a wave of retirements, FedEx is ready to fund future aviation professionals.
Deal for Australian freight forwarder and customs broker to increase exposure to growing regional economy. FedEx Corporation (NYSE: FDX) is looking to bolster its commercial logistics offerings in the fast growing Asia-Pacific market with the acquisition of Australian freight forwarder and customs brokerage Manton Air-Sea Pty Ltd. Headquartered in Sydney, Australia, Manton will operate as a subsidiary of the FedEx Trade Networks operating company.
In 2017, the three highest-paid public company execs earned nearly $50 million combined. Today, one of those executives is no longer with their company, representing a recent popular trend. ServiceMaster has seen a good bit of C-suite turnover, with execs claimed five of the 16 spots, according to Memphis Business Journal research.
FedEx Express (FedEx), a subsidiary of FedEx Corp. (FDX) and the world’s largest express transportation company, today announced it is providing $2.5 million to create scholarships dedicated to easing the financial burden of rising education costs on the next generation of aviation professionals. FedEx Express created the FedEx Purple Runway Aviation Scholarship program and is collaborating with six universities and technical schools from around the country that provide valuable education and training for aspiring pilots, aircraft maintenance technicians and other aviation professionals. David Cunningham, president and CEO of FedEx Express, said the U.S. education system should sharpen its focus on preparing young people for the good-paying jobs in the aviation industry that are needed to support growing international and domestic trade.
Continuing efforts to fight what he says are unfair trade practices, the administration of President Donald Trump announced the U.S. will pull out of the Universal Postal Union (UPU) treaty. Since 1969, the treaty has assigned lower shipping rates to developing countries, including China, in an effort to boost their competitiveness globally. According to the New York Times, more than 60 percent of packages shipped under the treaty to the U.S. come from Chinese companies today.
FedEx Corp. (FDX) announced today that it has agreed to acquire Manton Air-Sea Pty Ltd, a leading provider of logistics services, including freight forwarding and customs brokerage solutions. Manton’s capabilities complement and expand the FedEx portfolio of offerings essential to the rapidly growing global commerce landscape. With operations across Australia, Manton connects customers to global markets through regional gateways and relationships with multiple air carriers.
U.S. officials said the administration sought to revise the treaty in September and was rebuffed by other nations, prompting the decision to withdraw. The State Department will deliver a notice to the Universal Postal Union in Switzerland Wednesday, White House Press Secretary Sarah Huckabee Sanders said in a statement.
The DCS (Dedicated Contract Services) segment is J.B. Hunt Transport’s (JBHT) second-largest segment in terms of revenues. In the third quarter, the segment’s revenue share was 24.7%—up 0.9% from 23.8% in the third quarter of 2017. The segment’s third-quarter revenues rose 24% YoY to $543.0 million from $438.0 million in the third quarter of 2017.
A Charlotte developer has begun construction in the Triad on a 270,000-square-foot facility for a familiar international delivery courier.
One of the main tenets of Dow Theory is that major trends are identified when a major average such as the Dow Jones Transportation Average moves beyond its previous swing high/low and is then confirmed by movements in other indexes. As a result, many active traders tend to keep a close eye on the transportation sector and look to it as a leading indicator that can predict the movements of the broader market. As discussed above, the transportation sector is often looked to as a leading indicator that points to how traders expect the broader market to behave.
Founders building a brand today are largely relying on new infrastructure to do it, though they're still heavily reliant on legacy carriers like FedEx and DHL when it comes to international shipping. Enter Passport, a 1.5-year-old. The team, for starters, including cofounder and COO Aaron Schwartz, who previously founded his own e-commerce company (Modify Watches) and CEO Alex Yancher, who, among other things, cofounded a smart fridge kiosk company called Pantry that was acquired. The two have some experience in moving packages from one point to another, as well as the pain of dealing with lost and delayed packages.
Shares of global shipping giant FedEx (NASDAQ:FDX) are knocking on the door of the bears. Last Thursday, FedEx stock entered bear territory, as shares shed in excess of 20% from its late January peak and all-time-high of $272.65. As most investors and consumers are aware, as economic activity picks up steam and the demand for shipping packages grows, FedEx is there on the scene with its worldwide network of planes and white panel trucks.
The more than 50 current and former executives at Memphis-based public companies earned $180 million in total compensation in 2017.
Republican candidate Bill Lee has a clear fundraising advantage on Democratic candidate Karl Dean according to the filings — including a big advantage in Memphis.
What trade war with China? Executives at the biggest companies are fixated on the negative impact of a stronger U.S. dollar than tariffs now.
Amazon (AMZN) is boosting the starting wage for its US employees to $15 an hour. About 250,000 current employees and some 100,000 seasonal workers are expected to benefit from the pay hike, which will take effect on November 1. Rising wages usually drive up costs, and that’s an impact Amazon is expected to feel as it lifts the starting pay rates for hundreds of thousands of employees.