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FedEx Corp

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  • FedEx: As It Goes, So Goes U.S. Economy Thursday, 20 Dec 2007 | 3:38 PM ET

    Federal Express again confirmed why they are still considered a bellwether for the U.S. economy. Their quarterly earnings report clearly indicated they were under pressure from higher fuel costs and a generally softer U.S. economy.

  • Stocks Close Higher, Led by Tech Rally Thursday, 20 Dec 2007 | 2:51 PM ET

    Stocks closed higher as a rally in technology shares helped offset more uncertainty in the credit markets and troubling economic signs.

  • Bear Stearns (Loss), Nike (Beats), NetSuite (Monster) IPO Thursday, 20 Dec 2007 | 11:42 AM ET

    Bear Stearns reported its first quarterly loss ($854 million, or $6.90 a share) in its history. Writedowns of $1.9 billion on lower value of mortgage-related securities. Up fractionally. Nike beat, up 3 percent pre-open, and expects low double digit revenue in the second half of fiscal 2008.

  • People who read this blog regularly know that I love lists. I also like to dissect them as evidenced by my criticism of BusinessWeek's Sports Power in September. Here's another list: SportsBusiness Journal's 50 Most Influential People In Sports Business In 2007.

  • FedEx

    Eight days left until Christmas and the gift giving season is getting down to the wire. For those of you who did your shopping online this season, the odds are high that those mail-ordered gifts are working their way through shipping facilities today. More than eleven million packages are going to be sorted and pass through FedEx terminals today.

  • Volatility Ruling Markets, Dollar Weakens More Friday, 16 Nov 2007 | 12:15 PM ET

    Stocks got a good lift on the opening despite a negative forecast from Federal Express that says more about the economy than the company. That move up, driven in part by options expirations, has faded. The energy markets are cooking and oil is rising close to $95 per barrel, ahead of the expiration of the December contract there today.

  • FedEx Cuts Profit Forecast, Citing High Fuel Costs Friday, 16 Nov 2007 | 10:24 AM ET
    FedEx

    Package delivery company FedEx cut its earnings forecast for the current quarter on Friday, citing higher fuel prices and weaker demand for less-than-truckload shipments.

  • FedEx Lowers Guidance, Cites Rising Fuel Prices Friday, 16 Nov 2007 | 9:29 AM ET

    FedEx lowering guidance for the quarter ending November 30th. New guidance is $1.45-$1.55, old guidance was $1.60-$1.75. They cite rapidly rising fuel prices (even though they have dynamic fuel surcharges in place); they also note that less-than-truckload freight trends remain weak.

  • UPS to Hike Rates by 4.9 Percent, Matching FedEx Friday, 9 Nov 2007 | 2:52 PM ET

    Package delivery company United Parcel Service said Friday it was raising its prices for 2008 by about 4.9 percent, matching a planned hike by rival FedEx.

  • FEC Campaign Questions, Oil Market Crisis And More Friday, 26 Oct 2007 | 9:28 AM ET

    The FEC is questioning 2008 contenders about contributions that “appear to exceed” legal limits. Hundreds of donors wrote checks for more than the $2,300 per election cap. Some failed to attribute parts of donations from joint bank accounts to their spouses.

  • UPS Profit Rises on Supply Chain, Freight Growth Tuesday, 23 Oct 2007 | 11:04 AM ET
    A hydraulic hybrid UPS delivery truck is seen with the Philadelphia skyline in the background during a demonstration in Philadelphia, on Friday, June 23, 2006. The UPS truck uses an Environmental Protection Agency patented hydraulic hybrid technology that the EPA claims will increase fuel efficiency by 60 to 70 percent. Full hydraulic hybrid technology means that the conventional transmission and transfer case have been removed and replaced with a hydraulic drivetrain. (AP Photo/Matt Rourke)

    United Parcel Service Tuesday posted a better-than-expected profit, citing growth in its global business, supply chain and freight unit plus modest growth in its U.S package business despite a "sluggish" economy.

  • UPS Financial Chief to Take Over as CEO Monday, 15 Oct 2007 | 3:34 PM ET

    Package delivery company United Parcel Service said Monday that Chief Financial Officer Scott Davis will replace Chief Executive Officer Mike Eskew, who will step down at the end of this year.

  • Jobs Report Misses Growing Number of Contractors Friday, 5 Oct 2007 | 12:54 PM ET

    The Labor Department's jobs number tracks people in the work force, but it doesn't account for millions of workers classified as independent contractors. Now, a battle is brewing over whether contractors like Gupertino Magana are getting a fair deal.

  • Teamsters, UPS Agree New 5-Year Contract Monday, 1 Oct 2007 | 4:05 AM ET
    A United Parcel Service driver pushes a load of packages.

    The Teamsters union and United Parcel Service  on Sunday said they reached a tentative five-year agreement that will raise parcel workers' wages and increase the company's contributions to funds providing pensions and benefits.

  • Lightning Round: J.C. Penney, UPS, DynCorp and More Friday, 28 Sep 2007 | 10:33 AM ET

    Cramer makes the call on viewers' favorite stocks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • FedEx shareholders may vote Monday to separate the role of chairman and chief executive officer at the company's annual meeting.

  • FedEx Profit Rises, But Outlook Cut Thursday, 20 Sep 2007 | 4:45 PM ET
    FedEx

    FedEx Thursday reported higher quarterly profit despite a slowing U.S. economy, but lowered its full-year earnings outlook, sending its shares down nearly 2%.

  • Stocks closed lower as a better-than-expected earnings report from financial bellwether Goldman Sachs was offset by record-high crude prices and a plunging greenback. "When Bernanke cut rates people thought the glass was half-full now today it looks like it is half-empty," said Phil Roth, chief technical analyst with Miller Tabak.

  • Mixed Market Messages Thursday, 20 Sep 2007 | 4:02 PM ET
  • Bernanke in the Spotlight Thursday, 20 Sep 2007 | 11:06 AM ET

    Federal Reserve Chairman Ben Bernanke is back on the hot seat today and Wall Street, meanwhile is sifting through some big earnings reports. What look to be strong earnings from Goldman Sachs improved early sentiment. Goldman Sachs, as expected, handily beat earnings estimates with profits of $2.85 billion, or $6.13 per share, compared to an estimated $4.37 per share. The numbers included $1.71 billion in losses related to leverage loans, which in part was offset by a gain from the sale of wind power company Horizon Energy.