104.45 0.00 (0.00%)
After hours: 5:36PM EDT
|Bid||104.40 x 500|
|Ask||104.78 x 100|
|Day's Range||104.26 - 107.12|
|52 Week Range||102.12 - 135.53|
|PE Ratio (TTM)||18.62|
|Forward Dividend & Yield||3.64 (3.36%)|
|1y Target Est||N/A|
FedEx Corp. tumbled the most in five years as President Donald Trump’s order to impose tariffs on at least $50 billion in Chinese imports stoked fears of weaker trade flows.
The FBI has reminded parcel delivery companies in the United States to follow "established protocols" for handling suspicious packages following a bomb blast at a FedEx Corp sorting facility in Texas, an agency spokeswoman said on Wednesday. A three-week bombing spree, which sent a shiver through the Texas capital of Austin and rattled the rest of the country, raised fears about the possibility of other attackers via package delivery.
Shares of FedEx (FDX) fell on Wednesday, following the company's fiscal third-quarter earnings report—but are things really as bad as the Street seems to think? At first blush, the quarter looked strong: The delivery giant said it earned $3.72 a share on revenue of $16.53 billion, while analysts were looking for earnings of $3.12 a share on revenue of $16.17 billion. During the company's conference call, FedEx shaved $100 million off its capital expenditure guidance, to $5.8 billion, and it also boosted its U.S. economic outlook to 3% for the year, up from 2%.
The Memphis-based package delivery company reported adjusted earnings of $3.72 per share on revenue of $16.5 billion for the fiscal third quarter.
United Parcel Service Inc. appointed a 25-year UPS vet as the next managing director of its Thailand division.
FedEx Corp will screen every package at the Texas facility where a parcel exploded on Tuesday, according to a FedEx manager, describing extraordinary steps the company is taking in response to a series of bombings in the state capital. The package delivery company will also X-ray entire truckloads of parcels at its sorting facility outside Austin, and then divert them elsewhere for sorting and delivery, said the FedEx employee who was not authorized to speak on the record. FedEx spokesman Jim McCluskey said he had no immediate comment.
Millions of packages pass through FedEx and UPS facilities on a typical day, making it hard to prevent the type of explosion that rocked a FedEx sorting center in Texas early Tuesday.
Package delivery company FedEx Corp on Tuesday reported a higher quarterly net profit on revenue gains, strong volumes and changes to U.S. tax law even as it was hurt by peak holiday season costs and bad weather. Shares in the Memphis-based company, considered an indicator of U.S. economic strength like its main rival United Parcel Service Inc, initially rose 2.6 percent in after-market trade following the results but settled down about 1 percent. Higher peak-related costs, integration costs of its Dutch TNT Express unit, bad weather, and other factors sapped profit by about $170 million year-over-year, FedEx said.
The unauthorized access to 50 million users' data is a PR nightmare for the social media company, but it could hold Facebook back later in ways most watchers aren't considering.
Police closed in on the suspected Austin serial bomber not long after he transferred his campaign of terror to commercial shipping companies.
Airbus SE is considering building a freighter version of its slow-selling A330neo wide-body, spurred by requests from potential customers Amazon.com Inc and United Parcel Service Inc., according to people ...
UPS said it has deployed a "radical new charging technology" in London that overcomes the challenge of simultaneously recharging an entire fleet of electric vehicles without the need for the expensive upgrade to the power supply grid.
United Parcel Service Inc. (UPS) said it's moving forward in its machine learning capabilities by expanding its "chatbot" to Google Assistant. The chatbot lets customers retrieve information on package deliveries and other UPS services via the Assistant on Android phones, iPhones, smart speakers like Google Home and other compatible devices. The chatbot is designed for a conversational interface.
Express service aimed at e-commerce shipments will start in major cities and will offer new competition for growing online commerce delivery to homes.