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FedEx Corp Add to portfolio

INX:FDX, May 20, 11:25 UTC

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Tuesday, May 15


News

FedEx's Smith Sees Blockchain as `Next Frontier' for Logistics

FDX

FedEx's Smith Sees Blockchain as `Next Frontier' for Logistics. Convinced that blockchain is on the brink of transforming the package-delivery business, FedEx Corp. is testing the technology to track large, higher-value cargo. “We’re quite confident that it has big, big implications in supply chain, transportation and logistics,” CEO Fred Smith said at a blockchain conference in New York on May 14. FedEx’s interest in blockchain and the Internet of Things are part of the company’s strategy to improve customer service and fend off competition, Smith said.

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FedEx Corporation Recommends Stockholders Reject Below-Market Mini-Tender Offer by TRC Capital Corporation

FDX

FedEx does not endorse TRC Capital’s unsolicited mini-tender offer and is not associated in any way with TRC Capital, its mini-tender offer or its mini-tender offer documents. Because TRC Capital’s offer price is below the current market price for FedEx’s common stock, FedEx recommends that stockholders do not tender their shares to TRC Capital. Stockholders who have already tendered their shares may withdraw them at any time prior to the expiration of the offer, which is currently scheduled for 12:01 a.m., New York City time, on Wednesday, June 13, 2018. TRC Capital has made many similar unsolicited mini-tender offers for shares of other public companies. FedEx encourages brokers and dealers, as well as other market participants, to review the SEC’s letter regarding broker-dealer mini-tender offer dissemination and disclosures at https://www.sec.gov/divisions/marketreg/minitenders/sia072401.htm.

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Monday, May 14


News

FedEx's Smith Sees Blockchain as `Next Frontier' for Logistics

FDX

Convinced that blockchain is on the brink of transforming the package-delivery business, FedEx Corp. is testing the technology to track large, higher-value cargo. “We’re quite confident that it has big, big implications in supply chain, transportation and logistics,” Chief Executive Officer Fred Smith said at a blockchain conference in New York on Monday. FedEx’s interest in blockchain and the Internet of Things are part of the company’s strategy to improve customer service and fend off competition, Smith said. Read FedEx's Smith Sees Blockchain as `Next Frontier' for Logistics on bloomberg.com. What to read next.

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Thursday, May 10


News

Intel, FedEx, GE Will Help Test Drones, But This Tech Giant Isn't Invited

FDX

Intel, FedEx, General Electric and an array of other companies will help test drones for an array of state, local and tribal government projects. But Amazon wasn't included.

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News

FedEx Releases 2018 Global Citizenship Report

FDX

FedEx Corp. (FDX) announced today the online release of its 2018 Global Citizenship Report (GCR), which details how the company connects the world responsibly and resourcefully. “Repeatedly, customers tell us they want to do business with companies who strive to make the world a better place,” said David J. Bronczek, president and COO of FedEx Corp. “But even more importantly, we believe it is our responsibility to set the standard for what a good corporate citizen provides its team members, customers and communities all over the world.”. The goal of the FedEx Cares global charitable giving program: Invest $200 million in 200 communities by 2020 to create opportunities and deliver positive change around the world. “FedEx is committed to reducing the impact from our operations, replacing assets that can be improved and revolutionizing our operations by discovering and applying new, innovative technologies and solutions,” said Mitch Jackson, chief sustainability officer, FedEx Corp. “This strategy is key in helping us connect the world responsibly and resourcefully—thereby multiplying opportunities which deliver a positive impact for the communities where we work and serve.”.

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Wednesday, May 09


News

Alphabet, Intel, FedEx, AT&T among drone pilot winners -universities

TRI FDX +2 more TRI FDX INTC T

WASHINGTON (Reuters) - The U.S. Transportation Department said on Wednesday it had picked 10 drone test programs in California, Tennessee, North Dakota, Nevada and other states to study package delivery, agriculture, pipeline inspections, aircraft maintenance, healthcare and environmental monitoring. Virginia Tech, one of the winners, said that Alphabet Inc's <GOOGL.O> Project Wing, AT&T Inc <T.N>, Intel Corp <INTC.O>, Airbus SE <AIR.PA> and Dominion Energy Inc <D.N> are among the partners for its pilot program that will explore package delivery, emergency management and infrastructure inspection. Amazon.com Inc <AMZN.O>, which has plans to deliver packages by drone, said it was not among the winners. But officials at the Federal Aviation Administration, the part of the Transportation Department overseeing the projects, said that many of the 149 total applications can be approved under existing FAA authority or under a waiver and it hopes to act quickly. Memphis Airport Authority Chief Executive Scott Brockman told Reuters that it had also been picked and that its partner FedEx Corp <FDX.N> will use drones for inspection of aircraft at its hub in Tennessee as well as parts deliveries for aircraft and some package deliveries between the airport and other Memphis locations.

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Tuesday, May 08


News

FedEx to Purchase $6 Billion Group Annuity Contract from Metropolitan Life Insurance Company to Reduce Pension Obligations

FDX

Details will be provided to retired participants and beneficiaries whose continuing payments will be fulfilled by Metropolitan Life. “FedEx is committed to maintaining financially secure pension benefits for our retirees and their beneficiaries,” said Alan B. Graf, Jr., executive vice president and CFO, FedEx Corp. “This transaction better positions FedEx to manage future pension plan costs, and retirees will receive the same pension benefit from a highly rated insurance company. Following the annuity purchase and transfer, the Pension Plans will remain well funded. As a result of the transaction, FedEx expects to recognize a one-time non-cash pension settlement charge, which will be included in the fiscal 2018 year-end mark-to-market pension accounting adjustments that will be reported in the company’s fiscal 2018 fourth quarter earnings release. With annual revenues of $64 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand.

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FedEx to Transfer $6 Billion in Pension Obligations to MetLife

FDX MET

FedEx Corp. is transferring $6 billion in U.S. pension obligations to MetLife Inc. The deal covers the pension benefits of 41,000 retirees and beneficiaries who currently receive a monthly payout and meet certain conditions, the courier said in a statement Tuesday. Benefits won’t change, FedEx said, without disclosing the cost of the transaction.

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News

Tennessee agency cites FedEx for workplace fatality

FDX

MEMPHIS, Tenn. (AP) — Tennessee regulators have cited FedEx and proposed a $7,000 fine after a fatality at a hub in Memphis last year. The Commercial Appeal reported Monday that the Tennessee Occupational Safety and Health Administration issued the serious safety violation citation and notification of the penalty on April 11. The agency's investigation found 60-year-old Ellen Gladney was run over and dragged by a motorized cargo lift as it was being used to unload a plane in November 2017. The citation says FedEx didn't properly protect employees from "struck-by/caught under hazards" when unloading the plane.

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Monday, May 07


News

Report: Exploring Fundamental Drivers Behind Alcoa, FedEx, 22nd Century Group, Aspen Technology, Yum! Brands, and NVR — New Horizons, Emerging Trends, and Upcoming Developments

FDX AA

Please download the entire research report, free of charge, to ensure you are reading all relevant material information. All information in this release was accessed May 4th, 2018. To read the full 22nd Century Group, Inc (XXII) report, download it here: http://Fundamental-Markets.com/register/?so=XXII. ASPEN TECHNOLOGY, INC. (AZPN) REPORT OVERVIEW. Aspen Technology's Recent Financial Performance. For the three months ended March 31st, 2018 vs March 31st, 2017, Aspen Technology reported revenue of $125.87MM vs $119.28MM (up 5.53%) and basic earnings per share $0.53 vs $0.47 (up 12.77%). For the twelve months ended June 30th, 2017 vs June 30th, 2016, Aspen Technology reported revenue of $482.94MM vs $472.34MM (up 2.24%) and basic earnings per share $2.12 vs $1.69 (up 25.44%). Aspen Technology is expected to report earnings on August 9th, 2018. Fundamental Markets' roster boasts decades of financial experience and includes top financial writers, FINRA® BrokerCheck® certified professionals with current and valid CRD® number designations, as well as Chartered Financial Analyst® (CFA®) designation holders, to ensure up to date factual information for active readers on the topics they care about.

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