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FedEx Corp

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  • In 2013, some 2 million express packages were left stranded on Christmas Eve, according to shipment-tracking software developer ShipMatrix Inc. The reasons given were, in part, a surge in demand triggered by last-minute online promotions and bad weather. The four retailers with the most aggressive cutoff date of Dec. 23- Apple Inc, Dell Inc, Nordstrom Inc and...

  • Holiday deliveries improve but hiccups continue Friday, 26 Dec 2014 | 3:08 PM ET

    After FedEx and UPS failed to deliver some presents in time for Christmas last year, the two package carriers improved their performance this holiday season. FedEx delivered more than 99 percent of express packages as promised on Dec. 22 and Dec. 23, according to shipment tracker ShipMatrix. The improved performance comes after delays by FedEx and UPS last year...

  • "Really it started almost at the level of cold-calling, talking to people who really hadn't spoken to us in a long time," said Nagisa Manabe, who joined the USPS in May 2012 as chief marketing and sales officer from Coca-Cola Co after a career in the private sector. With further drops in its traditional bread-and-butter products ahead, the USPS wants to capitalize on...

  • UPDATE 1-UPS, FedEx cap air express deliveries - WSJ Tuesday, 23 Dec 2014 | 8:20 PM ET

    Dec 23- United Parcel Service Inc and FedEx Corp started limiting air express deliveries after a last-minute increase in shipped packages caused some retailers to exceed agreed-upon limits, the Wall Street Journal reported, citing people briefed on the situation. This year, both UPS and FedEx held some retailers to their volume commitments during the final...

  • UPS, FedEx cap air express deliveries - WSJ Tuesday, 23 Dec 2014 | 8:01 PM ET

    Dec 23- United Parcel Service Inc and FedEx Corp started limiting air express deliveries after a last-minute increase in shipped packages caused some retailers to exceed agreed-upon limits, the Wall Street Journal reported, citing people briefed on the situation. This year, both UPS and FedEx held some retailers to their volume commitments during the final...

  • Oil drop a mixed blessing for U.S. corporate results Tuesday, 23 Dec 2014 | 4:40 PM ET

    NEW YORK, Dec 23- The sharp decline in oil prices has taken a toll on earnings estimates for the U.S. energy sector, but investors expecting a benefit to other sectors of the market may be disappointed, Thomson Reuters research shows. S&P energy earnings are seen shrinking by 19.5 percent, while on Oct. 1, a rise of 6.4 percent was expected. Thomson Reuters analyst David...

  • Retailer Colleen Rast, who sells new brand-name apparel and vintage collectibles through eBay and Amazon, was hit with a $150 customs bill when a New Zealand boutique returned a shipment with a retail value of $1,000. Small firms accounted for more than half of eBay's U.S., British and German cross-border holiday transactions in 2013. This year, 27 percent of...

  • It's down to the wire for online shopping Monday, 22 Dec 2014 | 1:21 PM ET

    ATLANTA— As the holiday shopping season winds down, FedEx, UPS and online retailers are using the last few days to try to avoid the problems that occurred last year when severe winter weather and a surge in late orders from shoppers caused delivery delays. FedEx predicted its busiest day would be a week earlier, on Dec. 15, when it expected to move 22.6 million...

  • Last-minute delivery: FedEx, UPS gear up for rush Monday, 22 Dec 2014 | 11:11 AM ET
    FedEx workers sort packages at a FedEx global hub.

    Delivery companies, as well as USPS, brace themselves for last-minute shipping orders as the Holiday season reaches peak. The NYT reports.

  • Global oil impact: Who's hurting, happy, hopeful Friday, 19 Dec 2014 | 1:12 PM ET

    Russia's currency has nose-dived, for instance, and investors worry Venezuela could default on its debt. The world's four biggest economies— U.S., China, Japan and that of the European Union— all benefit from lower oil prices. "Economically this is a good thing for the U.S., it's a good thing for Europe, it's a good thing for China and it's a good thing for most consumers,"...

  • Jim Chanos: Here's what I'm shorting Friday, 19 Dec 2014 | 8:24 AM ET
    Jim Chanos, president and founder of Kynikos Associates.

    This year was a better year for short sellers than last year, Jim Chanos said. Here's what he's shorting now.

  • Poll: Americans skeptical of commercial drones Friday, 19 Dec 2014 | 12:01 AM ET

    The FAA is expected to propose restricting drones weighing less than 55 pounds to flights under 400 feet high, forbid nighttime flights, and require drones be kept within sight of their operators. Eddy Dufault, 58, a machinist and part-time wildlife photographer in Marlborough, Massachusetts, who is considering buying a drone, said he agrees with most of the...

  • Amazon launches 1-hour shipping in Manhattan Thursday, 18 Dec 2014 | 11:58 AM ET

    "There are times when you can't make it to the store and other times when you simply don't want to go," said Dave Clark, Amazon's senior vice president of worldwide operations, in announcing the service known as Prime Now. Amazon said it hopes to roll out one-hour delivery to more cities in 2015.. The speedy delivery service comes as a result of Amazon's growing...

  • USPS plan to deliver Christmas  Thursday, 18 Dec 2014 | 10:40 AM ET

    The USPS is expecting to deliver up to 475 million packages this holiday season. CNBC's Morgan Brennan takes a look at how they plan to handle that volume.

  • LOS ANGELES, Dec 17- Negotiators for shipping lines and terminal operators at 29 U.S. West Coast ports remain far from a deal with union dockworkers after seven months of contract talks, the companies said on Wednesday, again blaming the union for waterfront cargo slowdowns. The Pacific Maritime Association statement came a day before the companies were slated...

  • Stocks rally on oil turn as Fed vows rate patience Wednesday, 17 Dec 2014 | 5:03 PM ET
    Traders work on the floor of the New York Stock Exchange, Oct. 29, 2014.

    Stocks rose Wednesday as investors bet the Fed would continue to support the economy.

  • MGM Resorts and FedEx are big market movers Wednesday, 17 Dec 2014 | 4:26 PM ET

    NEW YORK— Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market:. MGM Resorts International, down 84 cents to $18.01. FedEx Corp., down $6.48 to $167.78.

  • *FedEx shares fall after earnings. NEW YORK, Dec 17- U.S. stocks climbed in early afternoon trading on Wednesday as energy sector shares surged more than 4 percent, though investors were preparing for a Federal Reserve statement that may set the stage for interest rate hikes in 2015.. "Volatility should be expected after the statement because so much is riding on...

  • *FedEx shares fall after earnings, drags transports. NEW YORK, Dec 17- U.S. stocks rose on Wednesday on the heels of a three-session losing streak and ahead of the U.S. "I don't know that it really makes a huge difference because ultimately they will hedge anything they do in that regard by simply saying it is all data-dependent," said Randy Frederick, managing director...

  • Fluctuating fuel impacts FedEx: Analyst  Wednesday, 17 Dec 2014 | 10:40 AM ET

    Stifel analyst David Ross, provides his outlook for shipping outfits FedEx, and how fuel is impacting the shipper's bottom line.