Tim Smith has 20+ years of experience in the financial services industry, both as a writer and as a trader. FedEx shares moved sharply higher in extended trading on Thursday after the shipping giant ...

Bank of America upgraded FedEx to Buy in a note to clients on Friday, arguing the company is positioned to benefit from cost reductions, network consolidation and a potential recovery from a nearly ...

FedEx (FDX) earns a Buy rating, driven by a strategic shift toward premium B2B verticals and robust cost reduction programs.

MEMPHIS, Tenn. - FedEx announced that it will close 29 of its Freight locations and consolidate its operations into other locations. FedEx said that the furlough for certain job classes, starting May ...

The company said on Thursday that the spin-off of its Freight unit into a new publicly traded company is continuing. ・The company’s Q2 revenue and earnings beat estimates. ・FedEx hiked the lower end ...

FedEx announced the much-anticipated spinoff of its freight trucking division today, as it restructures its operations to focus on its core delivery business. Shares jumped about 9% in after-hours ...

FedEx shares drop after J.P. Morgan abandoned its bullish stance amid increasing worries that the earnings guidance may be too optimistic Shipping giant FedEx Corp. has been downgraded by JP Morgan.

In recent days, FedEx amended its US$3.5 billion credit agreements with major banks to prepare for the planned spin-off of FedEx Freight by June 2026 while managing operational changes after grounding ...

Yellow Corporation's recent bankruptcy raises concerns about macroeconomic headwinds across the North American freight industry. Transportation companies are struggling with increasing labor costs due ...

[Stay on top of transportation news: Get TTNews in your inbox.] FedEx Freight informed team members internally May 1 that it will be closing 29 freight locations and furloughing certain job classes.

FedEx Freight drivers are delivering large items to homes in five cities — and even moving some inside and helping assemble them — through a new company service, tapping into online shoppers' growing ...

MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Freight celebrated the opening of a new, 218-door facility in Phoenix, Ariz., earlier this summer. “The continued growth in the Phoenix market coupled with our ...