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INX:FDX, Jul 15, 11:56 UTC

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Monday, July 06


News

FedEx Benefits From Surge in Ground Revenues Amid Pandemic

FDX

We recently issued an updated report on FedEx Corporation FDX. FedEx's fourth-quarter fiscal 2020 results were aided by increase in e-commerce sales during the COVID-19 pandemic. To combat the COVID-19 related headwinds, the company has undertaken several cost-reduction initiatives including temporary workforce reductions, deferring non-essential investments and reducing discretionary spending. For fiscal 2021, the company anticipates capital expenditures of approximately $4.9 billion, which indicate a 17% decline from fiscal 2020 levels. However, low commercial volumes due to large-scale business closures hurt FedEx's revenues in fourth-quarter fiscal 2020. FedEx Express revenues have declined 5% year over year in fiscal 2020 due to 5% reduction in package revenues and 6% fall in freight revenues.

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  • Financial

Wednesday, July 01


News

Fedex Corp (FDX) Q4 2020 Earnings Call Transcript

FDX

Joining us on the call today are Fred Smith, Chairman; Raj Subramaniam, President and COO; Alan Graf, Executive VP and CFO; Mark Allen, Executive VP, General Counsel and Secretary; Rob Carter, Executive Vice President, FedEx Information Services and CIO; Brie Carere, Executive VP, Chief Marketing and Communications Officer; Don Colleran, President and CEO of FedEx Express; Henry Maier, President and CEO of FedEx Ground; and John Smith, President and CEO of FedEx Freight. And now, Fred Smith will share his views on the quarter and year. Our deepest condolences to those who have lost close friends and loved ones and we'll honor the memory of all those taken from us too soon in the days to come. So let me now ask Brie, Raj and Alan to provide their comments for more details, after which we will take your questions. This shift has left an indelible mark on the retail industry causing the bankruptcy of some chains that have been around for decades, while helping those retailers with a strong omnichannel strategy flourish. For FedEx, surging e-commerce sales from our large customers drove significant FedEx volume in Q4 and a sizable mix shift from commercial B2B to Home Delivery/B2C volume. Virtually all our revenue and expense line items during the fourth quarter were affected by the COVID-19 pandemic. While commercial volumes were down significantly due to business closures across the globe, we experienced a surge in residential deliveries at FedEx Ground and in transpacific, and charter flights at FedEx Express, which required incremental cost to serve.

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Tuesday, June 30


News

FedEx shares jump over 9% as quarterly results top expectations

FDX

(Reuters) - Shares of FedEx Corp (FDX.N) jumped 9.4% in extended trading on Tuesday after a surge in pandemic-fueled home deliveries helped the U.S. package carrier post better-than-expected quarterly profit and revenue. FedEx said the novel coronavirus pandemic, which is leaving a trail of human and economic damage in its wake, hit virtually all of the company's revenue and expense line items. FedEx is grappling with a flood of coronavirus-related e-commerce shipments as it rebuilds from its split with Amazon.com Inc (AMZN.O), a major customer, and the costly integration of TNT Express in Europe. Residential e-commerce deliveries, which involve more miles per route and fewer packages per stop, are less lucrative than business deliveries where drivers leave anywhere from a handful to hundreds of pieces at each location.

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Monday, June 29


News

FedEx’s share price: what to expect in Q4 earnings

FDX

The mail carrier’s predominately B2B customer base has suffered as a result of the lockdown, causing the company to pull its fiscal forecast for 2020 back in March. What’s more, the jump in demand for their services caused by the recent boost in e-commerce sales has brought its own increase in costs, rather than simply guaranteeing profit. So, will FedEx deliver the goods in its Q4 earnings, or will traders be returning FedEx's share price to sender? What's happening with FedEx's share price? FedEx's share price drop YTD. When does FedEx report Q4 results? How could the results affect FedEx’s share price? That said, the increased demand has also brought attendant cost increases for FedEx, which it has tried to offset by introducing delivery surcharges. If these additional costs still take a swipe at the company’s profit, FedEx's share price could drop post-earnings. “To mitigate these near-term headwinds and position the company for future earnings growth, we are attacking costs throughout the company by managing capacity, retiring our oldest and least-efficient aircraft, integrating TNT Express, and lowering our residential delivery costs by having FedEx Ground deliver FedEx SmartPost and certain day-definite FedEx Express packages” - Alan Graf, FedEx’s executive vice president and chief financial officer. What are the analysts expecting?

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Wednesday, June 10


News

Boeing, FedEx punish alleged racist actions in wake of protests

BA FDX

(Bloomberg) — Companies, including Boeing and FedEx, are coming under increasing pressure to hold employees accountable for their behavior inside and outside the workplace in the wake of a national outcry over racism. The planemaker suspended a worker who made an “abusing and harassing racial remark” to a colleague, and that person “is no longer a Boeing employee,” Chief Executive Officer Dave Calhoun said Wednesday. FedEx fired an employee who took part in a counter-protest, caught on video, that mocked the killing of George Floyd, a black man who died after a white police officer in Minneapolis pressed his knee down on Floyd’s neck for almost nine minutes while three other officers failed to intervene. FedEx employees were advised of the company’s strong stance against racism in a June 1 letter from CEO Fred Smith and Chief Operating Officer Raj Subramaniam that said, “There is absolutely no place for racism or unequal treatment anywhere, and we must unequivocally speak out and reject it when we see it.”.

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  • Politics
  • Science
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Tuesday, June 09


News

Last Mile Delivery Market : Complete growth overview in 2020-2025 including top key players DHL Supply Chain & Global Forwarding, FedEx, Kuehne Nagel, SF Express, XPO Logistics, DB Schenker Logistics, Nippon Express – Daily Facts N Trends

FDX

Get a Sample PDF copy of the report @ https://reportsinsights.com/sample/24511. Last Mile Delivery Market competition by top manufacturers as follow: , UPS Supply Chain Solutions, DHL Supply Chain & Global Forwarding, FedEx, Kuehne Nagel, SF Express, XPO Logistics, DB Schenker Logistics, Nippon Express, GEODIS, CEVA Logistics, J.B. Hunt (JBI, DCS & ICS), Agility, China POST, Hitachi Transport System, DSV, YTO Express, Panalpina, Toll Holdings, Expeditors International of Washington, GEFCO, ZTO Express, STO Express, Dachser, C.H. Last Mile Delivery is the arena of accounting worried with the summary, analysis and reporting of financial dealings pertaining to a business. Report Highlights: • Detailed overview of parent market • Changing market dynamics in the industry • In-depth market segmentation • Historical, current and projected market size in terms of volume and value • Recent industry trends and developments • Competitive landscape • Strategies of key players and products offered • Potential and niche segments, geographical regions exhibiting promising growth • A neutral perspective on market performance • Must-have information for market players to sustain and enhance their market footprint.

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Friday, May 29


News

FedEx named as suitor for German parcel company

FDX

According to a report in German newspaper Handelsblatt Today, FedEx Corp. (NYSE: FDX) is pursuing an ownership stake in German parcel company Hermes. The article identified the Memphis-based transportation and logistics giant as the likely suitor to partner with Hermes to expand the company's parcel distribution service, but listed Amazon.com (NASDAQ: AMZN) and the logistics arm of Alibaba Group (NYSE: BABA) as interested parties. Hermes competes in major European markets in Germany, France and the United Kingdom and presents a growth opportunity for FedEx to increase market share and gain scale in comparison to DHL's (Deutsche Post CXE: DPW.D.IX) dominance in the region. In its Wednesday financial report for the fiscal year ended Feb. 29, Hermes' parent, Hamburg-based online retailer Otto Group, said it was planning to bring on a "strategic partner for European parcel deliveries" within the financial year.

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Friday, May 22


News

Monmouth (MNR) Buys Industrial Property Net-Leased to FedEx

FDX

Monmouth Real Estate Investment Corporation MNR recently shelled out $47.6 million for the acquisition of an industrial property in the Greensboro, NC, MSA. The company purchased a new 286,281-square-foot industrial building on 39.3 acres at 6538 Judge Adams Road, Whitsett, NC.This third high-quality acquisition so far in fiscal 2020 is a strategic fit for the company, with the property being net-leased for 15 years to FedEx Ground Packaging System, Inc. Amid the coronavirus crisis, FedEx’s service is playing a key role in keeping supply chains moving and delivery of critically-needed goods across the globe.Notably, in a rising e-commerce market, the industrial real estate asset category has grabbed headlines and continues to play a pivotal role, transforming the way how consumers shop and receive their goods. Services like same-day delivery are gaining traction and last-mile properties in high-income urban areas are witnessing solid pricing, occupancy and growth in rentals.Companies are making efforts to improve supply-chain efficiencies, spurring demand for logistics infrastructure and enabling industrial landlords to enjoy a favorable market environment.Further, warehouse operations have become more essential with higher number e-commerce customers, in light of the coronavirus pandemic. Also, though industrial real estate fundamentals seem more resilient than other asset categories, are not immune. As such, the pandemic’s adverse impact on the economy will likely hinder demand for space in the near term.Shares of Monmouth Real Estate have depreciated 14.8%, narrower than the 16.9% decline of its industry in the year-to-date period.Currently, the stock carries a Zacks Rank #3 (Hold).

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Wednesday, May 20


News

A Challenge To Amazon, As Microsoft And FedEx Enter Multiyear Collaboration

FDX MSFT +1 more FDX MSFT AMZN

A Challenge To Amazon, As Microsoft And FedEx Enter Multiyear Collaboration. Microsoft Corporation (NASDAQ: MSFT) and FedEx Corporation (NYSE: FDX) will join forces in a multiyear technology and logistics partnership, the companies announced this week. "Together with Microsoft, we will combine the immense power of technology with the vast scale of our infrastructure to help revolutionize commerce and create a network for what's next for our customers," said Frederick W. Smith, chairman and CEO of FedEx, in a statement. Anything that drives "more precise" inventory management and logistics and also improves the ability of companies to sense and respond to potential issues and disruptions using real-time data will prove valuable, Brittain Ladd, a former Amazon executive who now runs his own consultancy, told FreightWaves. But Ladd said he believes "the ambition is much bigger," and that Microsoft will ultimately leverage the partnership to reimagine the shopping experience, using a combination of AI, machine learning, voice activation and virtual reality.

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Tuesday, May 19


News

Jeff Ubben's ValueAct Sells FedEx, Buys 2 New Positions in the 1st Quarter

FDX LKQ

ValueAct Holdings, the activist firm founded by Jeff Ubben (Trades, Portfolio), disclosed last week that its top five trades included selling all shares of FedEx Corp. (NYSE:FDX), boosting its position in LKQ Corp. (NASDAQ:LKQ) and Hawaiian Electric Industries Inc. (NYSE:HE), and new positions in A.O. Through its large position, ValueAct works productively with management to implement strategies to maximize shareholder returns. As of the quarter-end, ValueAct's $6.96 billion equity portfolio contains 24 stocks, with four new holdings and a turnover ratio of 6%. The top three sectors in terms of weight are financial services, technology and consumer cyclical, representing 41.82%, 22.12% and 10.88% of the equity portfolio. Sold out: FedEx. Shares averaged $154.38 during the fourth quarter of 2019 and $141.50 during the first quarter, resulting in an estimated loss of 8.34% on the stock according to GuruFocus estimates.

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