FedEx results hurt by weak demand, fewer premium customers
FedEx Freight, the less-than-truckload segment, was negatively impacted by a decline in weight per shipment and reduced priority shipments, partly offset by a higher base yield. Revenue was $2.3 billion, 2% lower than the prior year. The company said it closed seven small-market terminals last year as part of its strategy to streamline the network.
FedEx shares tumble over 15% on limp demand, delivery trade-down
By Shivansh Tiwary, Lisa Baertlein (Reuters) -Shares of FedEx slumped over 15% on Friday, the worst in two years, after a dismal first-quarter profit drop due to anemic economic conditions and an ongoing customer shift toward slower,
FedEx earnings miss could signal a slowing economy
FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this year, a sign of possible cooling in the wider economy.
FedEx’s lower full-year forecast sinks its stock, as customers look to save on deliveries
The package-delivery giant said reduced demand for priority services and higher operating costs weighed on its results.
FedEx shares tumble amid weak demand for pricey priority deliveries
By Shivansh Tiwary (Reuters) -Shares of FedEx slumped 15% on Friday, on track for their worst day in two years, after dismal first-quarter results, in what analysts attributed to a combination of broader economic concerns and an unfavorable shift in the company's sales from higher-priced deliveries.
FedEx Stock Falls After Shipper Slashes Full-Year Outlook
Key Takeaways FedEx lowered its revenue and earnings outlook for fiscal 2025.The company's fiscal first-quarter results missed analysts' expectations on the top and bottom lines amid weaker demand for its priority shipping services.
FedEx Stock Dips: Another Reason to Fear Recession Is Near
FedEx Corporation (NYSE: FDX) is a solid business, but its latest results give another reason to fear that a recession is near. The company underperformed in all metrics, contracting versus an expectation to grow and reducing guidance in what may be the first of several reductions this year.
Why Q1 was a 'challenging quarter' for FedEx and what's next for the logistics giant
FedEx attributed the poor results to higher operating expenses, a reduced demand for priority services and a single fewer ...
FedEx warns of delays in some Louisiana markets due to Storm Francine
FedEx said on Tuesday pickup and delivery services in some markets of Louisiana could be disrupted by the expected upheaval ...
Pick FedEx Stock Ahead Of Q1?
FedEx also saw its adjusted operating margin expand by 40 bps to 8.5% in Q4’24. This clubbed with a 2% decline in average ...
USA Today22d
Are banks, post offices, UPS and FedEx open on Labor Day? Here's what to know
Visit upsexpresscritical.com for more information. Most of FedEx's pickup and delivery services will not be available on Sept. 2, according to the company's website. FedEx Office hours will also ...
How FedEx CEO Raj Subramaniam Is Adapting to a Post-Pandemic Economy
FedEx and its competitors are still adapting to a world without as much online shopping, and Subramaniam has had to make ...
Fleet Owner5d
FedEx places order for 15 Workhorse W56 step vans
The addition of these W56 step vans will contribute to FedEx's goal of carbon-neutral global operations by 2040.
Electrek6d
FedEx orders 15 more Workhorse W56 electric delivery vans
After a successful pilot program, FedEx is expanding its electric delivery fleet with the purchase of 15 Workhorse W56 ...
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FedEx Corporation (NYSE:FDX) Q1 2025 Earnings Call Transcript
FedEx Corporation (NYSE:FDX ... For example, we're optimizing pickup and delivery operations to best leverage existing ...
FedEx: A Turnaround With Significant Upside Potential (Rating Upgrade)
FedEx is undergoing a significant transformation under CEO Raj Subramaniam, aiming to cut costs. Read why I upgrade FDX stock ...
Benzinga.com3d
FedEx Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
FedEx Corporation FDX will release earnings results for its first quarter, after the closing bell on Thursday, Sept. 19. Analysts expect the company to report quarterly earnings at $4.83 per share ...
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FedEx warns of delays in some Louisiana markets due to Storm Francine
(Reuters) - FedEx said on Tuesday pickup and delivery services in some markets of Louisiana could be disrupted by the expected upheaval from Storm Francine, which is set to become the fourth ...
FedEx Reports Flat Q1 Revenue, Lower EPS
FedEx came up short on top and bottom lines, and guidance revisions suggest there is more bad news to come in fiscal 2025.