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FedEx Corp (FDX.N)

FDX.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Fedex Ground Expands U.S. Operations To Six Days Per Week Year-Round
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - FedEx Corp ::FEDEX GROUND EXPANDS U.S. OPERATIONS TO SIX DAYS PER WEEK YEAR-ROUND.FEDEX CORP - FEDEX PREPARING TO DELIVER RECORD VOLUMES THIS HOLIDAY SEASON AND BEYOND.FEDEX CORP - WILL INCREASE HOURS FOR SOME EXISTING EMPLOYEES, AND HIRE FOR ABOUT 55,000 POSITIONS DURING HOLIDAY SEASON.FEDEX - TO EXPAND FEDEX GROUND U.S. OPERATIONS TO SIX DAYS PER WEEK IN RESPONSE TO GROWING E-COMMERCE DEMAND & RECORD INFLUX OF VOLUME EXPECTED THIS HOLIDAY SEASON.FEDEX CORP - FEDEX GROUND WILL ONCE AGAIN RUN SIX- AND SEVEN-DAY OPERATIONS THROUGH HOLIDAY SEASON.FEDEX CORP - FEDEX GROUND WILL CONTINUE SIX-DAY OPERATIONS THROUGHOUT ITS U.S. NETWORK YEAR-ROUND.  Full Article

Fedex Says Adoption Of New Pension Accounting Rules In 2019 Will Not Impact EPS
Thursday, 6 Sep 2018 

Sept 6 (Reuters) - FedEx Corp ::FEDEX SAYS PREVIOUSLY ANNOUNCED ADOPTION OF NEW PENSION ACCOUNTING RULES AS PER ASU 2017-07 IN FISCAL 2019 WILL HAVE NO IMPACT ON EPS - SEC FILING.  Full Article

FedEx Announces No Additional Residential Surcharges For Second Straight Holiday Season
Friday, 3 Aug 2018 

Aug 3 (Reuters) - FedEx Corp ::FEDEX ANNOUNCES NO ADDITIONAL RESIDENTIAL SURCHARGES FOR SECOND STRAIGHT HOLIDAY SEASON.FEDEX CORP - PEAK SURCHARGES UPDATED ON SHIPMENTS THAT ARE OVERSIZED, UNAUTHORIZED OR REQUIRE ADDITIONAL HANDLING.FEDEX CORP - PEAK SURCHARGES FOR SUCH SHIPMENTS WILL BE EFFECTIVE NOV. 19, 2018, THROUGH DEC. 24, 2018.FEDEX CORP - FEDEX EXPRESS & FEDEX GROUND ANNOUNCED GENERAL CHANGES TO SURCHARGES ON UNAUTHORIZED SHIPMENTS & SOME PACKAGES WITH ADDITIONAL HANDLING.FEDEX CORP - UPDATING CERTAIN FUEL SURCHARGE TABLES AT FEDEX EXPRESS & FEDEX GROUND EFFECTIVE SEPT. 10.  Full Article

Volvo Trucks And FedEx Successfully Demonstrate Truck Platooning On N.C. 540
Wednesday, 27 Jun 2018 

June 27 (Reuters) - FedEx Corp ::VOLVO TRUCKS AND FEDEX SUCCESSFULLY DEMONSTRATE TRUCK PLATOONING ON N.C. 540 (TRIANGLE EXPRESSWAY).  Full Article

FedEx Says Co's Unit & Boeing Entered Into Supplemental Agreement No. 30 To Purchase Agreement No. 3157
Thursday, 21 Jun 2018 

June 21 (Reuters) - Boeing Co ::FEDEX - CO'S UNIT & BOEING ENTERED INTO SUPPLEMENTAL AGREEMENT NO. 30 TO PURCHASE AGREEMENT NO. 3157 DATED AS OF NOV 7, 2006.  Full Article

Boeing, FedEx Express Announce Order For 24 Medium And Large Freighters
Tuesday, 19 Jun 2018 

June 19 (Reuters) - Boeing Co ::BOEING, FEDEX EXPRESS ANNOUNCE ORDER FOR 24 MEDIUM AND LARGE FREIGHTERS.BOEING - NEW AIRPLANES VALUED AT $6.6 BILLION AT LIST PRICES.BOEING - CO, FEDEX EXPRESS ANNOUNCED NEW ORDER FOR 12 767 FREIGHTERS AND 12 777 FREIGHTERS.  Full Article

Fedex Corp Reports Q4 Adjusted EPS $5.91
Tuesday, 19 Jun 2018 

June 19 (Reuters) - FedEx Corp ::FEDEX CORP REPORTS FOURTH QUARTER AND FULL-YEAR EARNINGS.QTRLY DILUTED EPS $4.15.QTRLY ADJUSTED. DILUTED EPS $5.91.QTRLY GAAP REVENUE $17.3 BILLION VERSUS $15.7 BILLION REPORTED.FOR FISCAL 2019, SEES CAPITAL SPENDING OF $5.6 BILLION.SEES FOR FISCAL 2019 EARNINGS OF $15.65 TO $16.25 PER DILUTED SHARE BEFORE YEAR-END MTM RETIREMENT PLAN ACCOUNTING ADJUSTMENTS.FOR FISCAL 2019, SEES REVENUE GROWTH OF APPROXIMATELY 9%.FEDEX - QTRLY FEDEX GROUND SEGMENT REVENUE $4.80 BILLION VERSUS $4.30 BILLION.FEDEX SEES FOR FISCAL 2019 EPS $17.00 TO $17.60 BEFORE YEAR-END MTM RETIREMENT PLAN ACCOUNTING ADJUSTMENTS, EXCLUDING TNT EXPRESS INTEGRATION EXPENSES."REMAIN COMMITTED TO IMPROVING OPERATING INCOME AT FEDEX EXPRESS SEGMENT BY $1.2 TO $1.5 BILLION IN FISCAL 2020 VERSUS FISCAL 2017".Q4 NET RESULTS INCLUDE A $255 MILLION NET TAX BENEFIT ($0.94 PER DILUTED SHARE).QTRLY FEDEX FREIGHT SEGMENT GAAP REVENUE $1.86 BILLION VERSUS $1.60 BILLION REPORTED LAST YEAR.Q4 NET RESULTS ALSO INCLUDE $133 MILLION TAX BENEFIT FROM FOREIGN TAX CREDITS ASSOCIATED WITH DISTRIBUTIONS TO U.S. FROM OFFSHORE OPERATIONS.QTRLY FEDEX EXPRESS SEGMENT GAAP REVENUE $9.60 BILLION BILLION VERSUS $8.82 BILLION.Q4 EARNINGS PER SHARE VIEW $5.71, REVENUE VIEW $17.25 BILLION -- THOMSON REUTERS I/B/E/S.FY2019 EARNINGS PER SHARE VIEW $17.47, REVENUE VIEW $69.46 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

FedEx Sets Quarterly Cash Dividend Of $0.65 Per Share
Monday, 11 Jun 2018 

June 11 (Reuters) - FedEx Corp ::SETS QUARTERLY CASH DIVIDEND OF $0.65PER SHARE.  Full Article

John A. Smith Named FedEx Freight President And CEO
Monday, 30 Apr 2018 

April 30 (Reuters) - FedEx Corp ::JOHN A. SMITH NAMED FEDEX FREIGHT PRESIDENT AND CEO.FEDEX CORP - SMITH WILL SUCCEED MICHAEL DUCKER, AS PRESIDENT AND CEO OF FEDEX FREIGHT.FEDEX CORP - MATTHEW THORNTON III WILL BECOME EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER OF FEDEX FREIGHT.FEDEX CORP - SMITH AND THORNTON WILL BEGIN TRANSITIONING INTO THEIR NEW ROLES STARTING MID-MAY.  Full Article

Fedex Office Brings Same Day Delivery Service To Oregon
Monday, 9 Apr 2018 

April 9 (Reuters) - Fedex Office::FEDEX OFFICE BRINGS SAME DAY DELIVERY SERVICE TO OREGON.FEDEX OFFICE SAYS EXTENDED LOCAL COURIER DELIVERY SERVICE, FEDEX SAMEDAY CITY, TO PORTLAND, FIRST MARKET COVERAGE IN OREGON.  Full Article

PRESS DIGEST -Wall Street Journal - Sept 18

Sept 18 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.