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Wing says To Test Drone Delivery Service With FedEx, Walgreens
Fedex Corp - QTRLY Earnings Per Share $2.84
FedEx says correctly handled Hong Kong package
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company's segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services. The FedEx Express segment offers a range of the United States domestic and international shipping services for delivery of packages and freight. TNT Express segment collects, transports and delivers documents, parcels and freight on a day-definite or time-definite basis. The FedEx Ground segment provides business and residential money-back guaranteed ground package delivery services. The FedEx Freight segment offers less-than-truckload (LTL) freight services. The FedEx Services segment provides its other companies with sales, marketing, information technology, communications, customer service and other back-office support.
942 Shady Grove Rd S
Frederick W. Smith
Chairman of the Board, Chief Executive Officer
President, Chief Operating Officer, President and Chief Executive Officer of FedEx Express
Alan B. Graf
Chief Financial Officer, Executive Vice President
Donald F. Colleran
President and Chief Executive Officer of FedEx Express
Henry J. Maier
President and Chief Executive Officer of FedEx Ground
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Chinese authorities in the southern city of Guangzhou detained a U.S. pilot for FedEx Corp <FDX.N> last week on suspicion of smuggling weapons and ammunition after finding suspected air gun pellets in his luggage, the foreign ministry said on Friday.
Alphabet Inc's aviation unit Wing said on Thursday it has partnered with Walgreens Boots Alliance Inc and FedEx Corp for deliveries directly to homes in Virginia using drones, beginning next month.
* Indexes down: Dow 0.21%, S&P 0.27%, Nasdaq 0.39% (Updates to early afternoon)
Shares of FedEx Corp <FDX.N> fell about 13% on Wednesday after the package delivery company slashed its 2020 profit outlook, blaming trade tensions and its split with client-turned-competitor Amazon.com <AMZN.O>.
* Wall St edges lower as FedEx profit warning hurts (Updates throughout with open of U.S. markets, changes dateline; previous LONDON)
U.S. stocks edged lower at open on Wednesday, pressured by FedEx's warning on full-year profit, while investors waited for the Federal Reserve's decision on interest rates.
* Futures down: Dow 0.07%, S&P 0.10%, Nasdaq 0.12% (Adds comment, details; update prices)
FedEx Corp <FDX.N> warned on Tuesday that full-year earnings would miss analysts' estimates, as the U.S.-China trade war exacerbates a global economic cooling and the company manages fallout from its split with customer-turned-competitor Amazon.com Inc <AMZN.O>.
FedEx Corp reported a 14.3% drop in first-quarter profit on Tuesday, as the U.S. package delivery company grapples with a slowing economy and the U.S.-China tariff war.
U.S. package delivery company FedEx Corp <FDX.N> said on Monday shipping rates at its express unit, which delivers packages using planes, will increase by an average of 4.9% for domestic, export and import services starting Jan. 6 next year.
FedEx Corp <FDX.N> on Tuesday said it correctly handled a package containing restricted types of knives that was bound for Hong Kong after China's state-run Xinhua news agency, citing sources, said the package was suspected of being handled illegally.
FedEx Corp on Tuesday said it correctly handled a package containing restricted types of knives that was bound for Hong Kong after China's state-run Xinhua news agency, citing sources, said the package was suspected of being handled illegally.
FedEx Corp's China unit is suspected of illegally delivering items described as "knife tools" in a parcel bound for Hong Kong, China's state-run Xinhua news agency reported on Tuesday citing authorities.
Police in southeast China's Fujian province have launched an investigation after a FedEx <FDX.N> parcel sent from the United States was found to contain a handgun, the latest Chinese-related problem to affect the U.S. package delivery firm.
Police in Southeast China's Fujian province have launched an investigation after a FedEx parcel sent from the United States was found to contain a handgun, the latest Chinese-related problem to affect the U.S. package delivery firm.
FedEx Corp confirmed on Wednesday it would terminate its contract with Amazon.com Inc for small-package ground deliveries, as the online retailer focuses on building out its own delivery network.
U.S. package delivery company FedEx Corp will terminate its contract at the end of this month for small-package ground deliveries with Amazon.com Inc, Bloomberg reported on Wednesday.
U.S. FedEx Corp <FDX.N> on Friday again apologised and blamed Washington's ban on Huawei for being "unclear" as Beijing deepened an investigation into why the delivery firm was holding up packages meant for the telecoms equipment maker.
* FedEx suspected of withholding over 100 Huawei shipments -Xinhua
United Parcel Service Inc <UPS.N> next year will join rival FedEx Corp <FDX.N> in adding Sunday delivery services, efforts viewed as bids to fend off customer-turned-competitor Amazon.com Inc <AMZN.O>.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.