|Bid||0.0000 x N/A|
|Ask||0.0000 x N/A|
|Day's Range||2.0800 - 2.3400|
|52 Week Range||2.0800 - 2.3400|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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FedEx (FDX) is set to report its fiscal first quarter earnings after the market close on Wednesday. Citi Research Global Head of Transportation Chris Wetherbee says he expects the shipping giant to report "decent" results given its "challenged" fiscal 2023. FedEx’s Express segment “needs the most help” according to Wetherbee, but their ground and freight have been "steady performers." FedEx will benefit this quarter, Wetherbee says, due to “a degree of market share” moving from UPS (UPS) during its negotiations with the Teamsters and Yellow's (YELLQ) bankruptcy.
Trucker Estes Express Lines is raising the stakes for bankrupt Yellow’s extensive real-estate portfolio, bidding $1.525 billion and signaling the strong interest in the sprawling network of industrial properties across the U.S.
NASHVILLE, Tenn., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Yellow Corporation (NASDAQ: YELL) reported results for the second quarter ended June 30, 2023. Operating revenue was $1.127 billion and operating income was $38.9 million which included a $75.9 million gain on property disposals. In comparison, operating revenue in the second quarter of 2022 was $1.424 billion and operating income was $99.2 million which included a $3.2 million net gain on property disposals. Net loss for second quarter 2023 wa