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FedEx Corp

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  • *China to free up market for clearing bank card transactions. BEIJING, Oct 30- Visa Inc and Mastercard Inc welcome China's plans to open up its market for clearing domestic bank card transactions, as they stand to gain access to a growing market worth more than $1 trillion a year. While China lags behind countries such as the United States in spending on credit,...

  • UPS predicts 11 percent hike in December packages Wednesday, 29 Oct 2014 | 11:38 AM ET

    United Parcel Service Inc. said Wednesday that it will handle 585 million packages worldwide in December, which would equal the 11 percent increase that the company predicted last week. Rival FedEx Corp. expects a busy holiday season too, with December shipments up 8.8 percent from the same month last year. Shares of Atlanta- based UPS fell 40 cents to $102.50 in...

  • UPS expects double-digit surge in Dec shipments Friday, 24 Oct 2014 | 3:13 PM ET

    That's good for United Parcel Service Inc. and FedEx Corp., and on Friday, UPS predicted that December shipments will rise 11 percent over the same month last year. Atlanta- based UPS offered the forecast while reporting that third-quarter net income rose 11 percent to $1.21 billion, or $1.32 per share, beating Wall Street expectations of $1.28 per share.

  • CHICAGO, Oct 24- United Parcel Service Inc may charge major customers more for a surge in late, unplanned packages or turn down the business if it threatens disruptions during the peak holiday season, a top executive said on Friday, trying to avoid a repeat of last year's delivery meltdown. UPS and main rival FedEx Corp, both considered U.S. economic bellwethers, are...

  • CHICAGO, Oct 24- Robust U.S. consumer and business demand plus strong growth in Asia drove a higher-than-expected quarterly profit at package delivery company United Parcel Service Inc and its top executive said that after a challenging holiday period last year the firm is ready for the 2014 peak season. UPS, the world's largest shipping company, and its main...

  • Early Movers: F, PG, UPS, AMZN, MSFT Friday, 24 Oct 2014 | 8:44 AM ET

    Some of the names on the move ahead of the open.

  • CHICAGO, Oct 24- Robust U.S. consumer and business demand plus strong growth in Asia drove a higher-than-expected quarterly profit at package delivery company United Parcel Service Inc.. Atlanta- based UPS also confirmed its full-year profit outlook, predicting earnings per share of between $4.90 to $5.00. UPS posted revenue of $14.29 billion for the quarter,...

  • CHICAGO, Oct 23- Determined not to repeat a holiday season that left millions of packages delivered too late and customers seething, United Parcel Service Inc and FedEx Corp are investing heavily in new infrastructure- but the continued dynamic growth of e-commerce will test those efforts. Even so, the rise in shipping originating with e-tailers including...

  • FedEx, UPS make plans for a better holiday season Wednesday, 22 Oct 2014 | 5:14 PM ET

    DALLAS— Facing an even bigger mountain of packages this holiday season, FedEx and UPS are hiring more workers to avoid the delays that frustrated shoppers and gift-recipients a year ago. On Wednesday, FedEx Corp. said it expects deliveries between Thanksgiving and Christmas Eve to rise 8.8 percent over last year, to 290 million shipments.

  • Midday movers: Angie's List, FedEx, Hess & more Wednesday, 22 Oct 2014 | 1:31 PM ET

    Some of Wednesday's midday movers:

  • FedEx predicts record holiday shipments for 2014 Wednesday, 22 Oct 2014 | 10:08 AM ET
    A FedEx worker scans a pile of boxes at a FedEx sort facility.

    Package delivery company FedEx forecast a record holiday season, with 22.6 million shipments expected for its anticipated peak day on Dec. 15, 2014.

  • FedEx predicts increase in holiday deliveries Wednesday, 22 Oct 2014 | 9:26 AM ET

    MEMPHIS, Tenn.— FedEx expects another record for holiday-season deliveries. That's a more subdued forecast than a year ago, when FedEx predicted 13 percent growth for the season. FedEx and rival United Parcel Service Inc. struggled last year with severe winter weather in early December, a shorter holiday season, and a surge in late orders that was partly due to...

  • CHICAGO, Oct 22- Package delivery company FedEx Corp on Wednesday forecast a record holiday season this year, with 22.6 million shipments expected for its anticipated peak day on Dec. 15. With the rise of e-commerce, FedEx's annual peak has nearly doubled since 2007, when it moved 11.5 million packages on Dec. 17. Last year a later-than-usual surge before the...

  • Midday movers: FedEx, KB Home, Waters & more Tuesday, 21 Oct 2014 | 1:09 PM ET

    Some of Tuesday's midday movers:

  • How to boost UK SME exports     Tuesday, 21 Oct 2014 | 2:30 AM ET

    David Binks, EMEA president at FedEx Express, discusses the concerns SMEs have about the "complexity" of conducting international trade.

  • UPS says U.S. rates to rise 4.9 pct as of Dec. 29 Monday, 20 Oct 2014 | 4:52 PM ET

    CHICAGO, Oct 20- Package delivery company United Parcel Service Inc said on Monday that rates for its services within and between the United States, Canada and Puerto Rico will rise by an average of 4.9 percent as of the end of the year. Last month, the company's main rival FedEx Corp announced a similar rate increase of 4.9 percent, which also includes shipments...

  • Merry Christmas! Hiring may hit dot-com boom level Thursday, 16 Oct 2014 | 10:11 AM ET
    A Now Hiring sign to attract seasonal employees

    Christmas season retail hiring is expected to significantly outpace the level seen in 2013.

  • Oil slide wipes out stock market gains Tuesday, 14 Oct 2014 | 4:17 PM ET
    A trader works on the floor of the New York Stock Exchange.

    Stocks failed to hold gains after a strong rally, as oil's late-day plunge overshadowed the bounce in tech, transports and industrials.

  • Oct 8- United Parcel Service Inc has started allowing U.S. customers to collect packages from neighborhood stores or lockers to lower failed deliveries of online purchases and costs associated with them, ahead of the busy holiday shopping season. Morningstar analyst Keith Schoonmaker said access points in the United States were critical for courier...

  • The one cybersecurity threat everyone misses Tuesday, 7 Oct 2014 | 2:04 PM ET

    Companies must be increasingly watchful of security failings at their smaller-sized vendors, a point of particular focus for cyberattacks.