NYSE:FDX

FedEx Reports Higher Third Quarter Diluted EPS of $3.51 and Adjusted Diluted EPS of $3.86

Retrieved on: 
Thursday, March 21, 2024
Logistics, Supply Chain Management, Air, Retail, Transport, Delivery Services, Failure, FedEx, Automation, Railway Labor Act, Annual report, Growth, MTM, Disease, EPS, DRIVE, Business, Name, ASR, EDT, Sale, Capital, Table, Security (finance), Insurance, Bank statement, United, FedEx Express, FedEx Ground, Investment, Atmosphere, Safety, GAAP, Geography, FDX, ETR, Share repurchase

FedEx Ground operating results increased due to lower structural costs resulting from DRIVE initiatives, higher base yield, and reduced self-insurance costs.

Key Points: 
  • FedEx Ground operating results increased due to lower structural costs resulting from DRIVE initiatives, higher base yield, and reduced self-insurance costs.
  • Cost per package was flat, as lower line-haul expense and improved dock productivity offset higher first- and last-mile costs.
  • The year-to-date decrease in outstanding shares benefited third quarter results by $0.09 per diluted share.
  • FedEx expects to repurchase an additional $500 million of common stock during the fiscal fourth quarter, which will bring the fiscal 2024 buyback total to $2.5 billion.

FedEx EVP/CIO Robert B. Carter to Step Down June 30, 2024

Retrieved on: 
Monday, March 11, 2024
Trucking, Rail, Supply Chain Management, Logistics, Air, Transport, Retail, Delivery Services, CIO, Subramaniam, DataWorks Plus, EVP, Intelligence, DRIVE, Internet, FedEx, Most, InformationWeek, FDX, Air cargo

FedEx Corp. (NYSE: FDX) announced today that Robert B. Carter, EVP, FedEx Information Services & CIO, FedEx Corporation and co-president & co-CEO of FedEx Services, will retire after an exemplary career at FedEx for 31 years.

Key Points: 
  • FedEx Corp. (NYSE: FDX) announced today that Robert B. Carter, EVP, FedEx Information Services & CIO, FedEx Corporation and co-president & co-CEO of FedEx Services, will retire after an exemplary career at FedEx for 31 years.
  • Under his leadership, Carter spearheaded cutting-edge technology that differentiated FedEx in the industry such as real-time tracking and transactions.
  • In this role, Krishnasamy will lead the FedEx IT and FedEx Dataworks teams to unleash the power of FedEx intelligence to further serve FedEx global operations and customers.
  • Since joining FedEx in 1997, Krishnasamy has worked at multiple FedEx operating companies and held leadership positions around the globe.

FedEx to Launch 12th Annual Small Business Grants Program

Retrieved on: 
Thursday, February 29, 2024
Delivery Services, Technology, Other Retail, Logistics, Supply Chain Management, Specialty, Food, Beverage, Fashion, Retail, Small Business, Catalog, Other Transport, Professional Services, Trucking, Online Retail, Philanthropy, Rail, Air, Home Goods, Transport, Other Philanthropy, Electronic Commerce, Marketing, Senior, FDX, Multimedia, Small business, Dream, FedEx Office, Online shopping

FedEx Corp. (NYSE: FDX) today announced the upcoming launch of its 12th annual Small Business Grants Program, which will award more than $230,000 in grants and services to ten (10) U.S.- based small businesses.

Key Points: 
  • FedEx Corp. (NYSE: FDX) today announced the upcoming launch of its 12th annual Small Business Grants Program, which will award more than $230,000 in grants and services to ten (10) U.S.- based small businesses.
  • “Since 2012, FedEx has been helping small business owners achieve their dreams by growing and expanding their ventures through our grants program, and we are excited to see who will receive grants this year.”
    One 2024 FedEx Small Business Grant grand prize recipient will receive $50,000 and nine additional recipients will each receive $20,000, in addition to a $500 FedEx Office print credit, a $300 voucher from My FedEx Rewards , and access to FedEx Premier Customer Service.
  • All recipients will also receive a sustainable packaging consult from the FedEx Packaging Lab , a digital consult from the FedEx Digital Sales Solutions team, an invite to attend a Small Business Strategic Insights Forum, and a feature on the FedEx Small Business Center .
  • The 2024 FedEx Small Business Grants Program is open to U.S.-based FedEx customers who are for-profit small businesses, have 1-99 employees, have been in operations selling a product or service for six months or more and have opened a FedEx account prior to September 1, 2023, and currently ship with FedEx.

FedEx Continues Pledge to HBCUs with Announcement of Third Student Ambassador Cohort

Retrieved on: 
Wednesday, February 21, 2024
Sports, University, Education, Professional Services, Trucking, Football, Entertainment, Celebrity, Transport, Other Professional Services, Logistics, Supply Chain Management, Ambassador, HBCU, Senior, Alumni, FedEx, FedEx Ground, Multimedia, Vince Lombardi Trophy, MVSU, Super Bowl, Learning, Student, Human resources, Mississippi River, NFL, Workforce, Communication, Mississippi Valley State University, Operation, Management

Today, FedEx, the world's largest express transportation company, announced the third cohort of the FedEx-HBCU Student Ambassador Program.

Key Points: 
  • Today, FedEx, the world's largest express transportation company, announced the third cohort of the FedEx-HBCU Student Ambassador Program.
  • Students from eight HBCUs will gain exposure to FedEx leadership, team members, and unique learning experiences that help build leadership and career-ready skills.
  • New participants were selected from the following eight HBCUs, most of which are regionally located in close proximity to a FedEx operating or distribution facility.
  • The proximity allows students from within these communities more opportunities to engage with Team FedEx and learn about the business.

FedEx Corp. Board Declares Quarterly Dividend

Retrieved on: 
Friday, February 16, 2024
Supply Chain Management, Online Retail, Other Retail, Electronic Commerce, Technology, Delivery Services, Other Transport, Retail, Trucking, Air, Transport, Logistics, FedEx, Safety, FDX

The Board of Directors of FedEx Corp. (NYSE: FDX) today declared a quarterly cash dividend of $1.26 per share on FedEx Corp. common stock, in line with the company’s continued focus on delivering stockholder value.

Key Points: 
  • The Board of Directors of FedEx Corp. (NYSE: FDX) today declared a quarterly cash dividend of $1.26 per share on FedEx Corp. common stock, in line with the company’s continued focus on delivering stockholder value.
  • The dividend is payable April 1, 2024 to stockholders of record at the close of business on March 11, 2024.
  • FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services.
  • With annual revenue of $88 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally as one FedEx.

FedEx delivers the Vince Lombardi Trophy to Las Vegas ahead of Super Bowl LVIII

Retrieved on: 
Thursday, February 8, 2024
Trucking, Sports, Football, Logistics, Supply Chain Management, Transport, General Sports, Other Transport, Multimedia, FedEx Express, Big Game, Associated, Vince Lombardi Trophy, FedEx, Super Bowl LVIII, Toyota, MVSU, Mississippi River, Super Bowl, Mandalay Bay Convention Center, EVP, Communication, Kansas City Chiefs, Associated Press, Mississippi Valley State University, Super Bowl Experience, NFL, Air cargo

The coveted Vince Lombardi Trophy arrived on the scene in Las Vegas for Super Bowl LVIII on Wednesday via FedEx, the Official Delivery Service of the NFL.

Key Points: 
  • The coveted Vince Lombardi Trophy arrived on the scene in Las Vegas for Super Bowl LVIII on Wednesday via FedEx, the Official Delivery Service of the NFL.
  • View the full release here: https://www.businesswire.com/news/home/20240207265074/en/
    Jerry Rice and FedEx Express courier Bob Fini with the Vince Lombardi Trophy.
  • Photos by Tyler Kaufman, Associated Press
    “FedEx is honored to be trusted with the delivery of the Vince Lombardi Trophy ahead of Super Bowl LVIII,” said Brian Philips, EVP, Chief Marketing and Communications Officer at FedEx.
  • “Our friends at FedEx ensure the trophy’s safe and timely delivery each year, which continues to be an essential part of Super Bowl Week.”
    To learn more about what FedEx is doing at Super Bowl LVIII and throughout the NFL season, follow FedEx on X via @FedEx .

FedEx Announces First-Of-Its-Kind Data-Driven Commerce Platform

Retrieved on: 
Sunday, January 14, 2024
Retail, Data Management, Technology, Supply Chain Management, Online Retail, Other Transport, Trucking, Rail, Electronic Commerce, Air, Transport, Payments, Software, Logistics, Internet, NRF, Multimedia, Learning, FedEx, Carbon, FDX, National Retail Properties, Integration, Online shopping

FedEx Corp. (NYSE: FDX) today announced fdx, the first data-driven commerce platform that connects the entire customer journey — making it easier for companies to grow demand, increase conversion, optimize fulfillment, and streamline returns.

Key Points: 
  • FedEx Corp. (NYSE: FDX) today announced fdx, the first data-driven commerce platform that connects the entire customer journey — making it easier for companies to grow demand, increase conversion, optimize fulfillment, and streamline returns.
  • FedEx is the only logistics company to connect the entire customer journey by offering end-to-end e-commerce solutions for businesses of all sizes – all in one platform.
  • The fdx platform is currently available as a private preview [upon request] and businesses interested in learning more can sign up here .
  • The platform brings together existing and new FedEx capabilities for customers.

Investigation Alert FedEx, Charles River, Acadia Healthcare, and Hawaiian Electric: Johnson Fistel, LLP Encourages Long-Term Investors to Submit Their Information Below

Retrieved on: 
Tuesday, November 28, 2023
FDX, Risk, FedEx, Primate, LLP, Wildfire, Justice minister, CRL, Pharmaceutical industry

Johnson Fistel, LLP is investigating potential claims on behalf of FedEx Corporation (NYSE: FDX) against certain of its officers and directors.

Key Points: 
  • Johnson Fistel, LLP is investigating potential claims on behalf of FedEx Corporation (NYSE: FDX) against certain of its officers and directors.
  • You may also be able to assist in reforming the Company's corporate governance to prevent future wrongdoing.
  • In some cases, the issues would be so severe, the vans were useless and businesses went bust.
  • Johnson Fistel, LLP is investigating potential claims on behalf of Charles River Laboratories International, Inc. (NYSE: CRL) against certain of its officers and directors.

Investigation Alert FedEx, Charles River, Acadia Healthcare, and Hawaiian Electric: Johnson Fistel, LLP Encourages Long-Term Investors to Submit Their Information Below

Retrieved on: 
Wednesday, November 22, 2023
FDX, Risk, FedEx, Primate, LLP, Wildfire, Justice minister, CRL, Pharmaceutical industry

Johnson Fistel, LLP is investigating potential claims on behalf of FedEx Corporation (NYSE: FDX) against certain of its officers and directors.

Key Points: 
  • Johnson Fistel, LLP is investigating potential claims on behalf of FedEx Corporation (NYSE: FDX) against certain of its officers and directors.
  • You may also be able to assist in reforming the Company's corporate governance to prevent future wrongdoing.
  • In some cases, the issues would be so severe, the vans were useless and businesses went bust.
  • Johnson Fistel, LLP is investigating potential claims on behalf of Charles River Laboratories International, Inc. (NYSE: CRL) against certain of its officers and directors.

FedEx Initiates $1.0 Billion Accelerated Share Repurchase Agreement as Part of Its Commitment to Enhance Capital Returns to Stockholders

Retrieved on: 
Tuesday, December 26, 2023
Retail, Air, Transport, Delivery Services, Share repurchase, ASR, Safety, FedEx, FDX, Security (finance)

As part of its commitment to enhance capital returns to stockholders, FedEx Corp. (NYSE: FDX) today announced that it has entered into an accelerated share repurchase ("ASR") agreement with Mizuho Markets Americas LLC (“Mizuho”) to repurchase $1.0 billion of FedEx’s common stock as part of the company’s previously announced share repurchase program.

Key Points: 
  • As part of its commitment to enhance capital returns to stockholders, FedEx Corp. (NYSE: FDX) today announced that it has entered into an accelerated share repurchase ("ASR") agreement with Mizuho Markets Americas LLC (“Mizuho”) to repurchase $1.0 billion of FedEx’s common stock as part of the company’s previously announced share repurchase program.
  • FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services.
  • With annual revenue of $88 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally as one FedEx.
  • FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040.