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FedEx flags major shift in consumer behavior that’s hurting profits
The shipping carrier is calling out a growing trend that speaks volumes about the current state of the industrial economy.
FedEx earnings miss could signal a slowing economy
FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this year, a sign of possible cooling in the wider economy.
FedEx quarterly profit disappoints as demand for speedy delivery wanes
FedEx reported a lower first-quarter profit on Thursday as demand in the package industry remained muted, especially for priority services.
FedEx Makes Notable Cross Below Critical Moving Average
In trading on Friday, shares of FedEx crossed below their 200 day moving average of $267.52, changing hands as low as $255.40 per share.
1h
FedEx worker goes viral after video shows him stopping alleged porch pirate in South Florida while delivering packages
According to ONLY in DADE, the man has been allegedly trying to steal new iPhones being delivered and has been spotted in the ...
4h
Judge orders trial for FedEx driver indicted in Athena Strand murder moved to Tarrant County
Tanner Horner’s attorneys requested his trial be moved out of Wise County, citing “pre-trial publicity.” A judge approved the ...
1d
on MSN
Economic bellwether FedEx blames poor Q1 on darkening outlook for manufacturers
FedEx cites weaker than expected demand from manufacturers with many ditching priority shipping for cheaper options.
1d
Why Did FedEx Stock Fall 13%?
FedEx reported revenue of $21.6 billion and adjusted earnings of $3.60 per share, well below our estimates of $22.1 billion, ...
9h
Insiders Could Have Profited By Holding onto FedEx Shares Despite 11% Drop
FedEx Corporation's (NYSE:FDX) value has fallen 11% in the last week, but insiders who sold US$3.1m worth of stock ...
5h
on MSN
Powell Industries climbs to top industrial gainer of week, FedEx dips after earnings
The Industrial Select Sector SPDR Fund ETF (XLI) rose +2% for the week ended Sept. 20, while the SPDR S&P 500 Trust ETF (SPY) ...
1d
on MSN
FedEx Cuts Full-Year Outlook After Posting Lower Profit, Revenue
FedEx’s results were dragged down by weaker-than-expected demand, particularly in the U.S. domestic package market.
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