FedEx shares tumble 16% on limp demand, delivery trade-down
By Shivansh Tiwary and Lisa Baertlein (Reuters) -Shares of FedEx slumped almost 16% 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’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 Makes Notable Cross Below Critical Moving Average
In trading on Friday, shares of FedEx crossed below their 200 day moving average of $267.52, changing hands as low as $255.40 per share.
FedEx shares tumble over 15% on limp demand, delivery trade-down
FedEx Corp shares slumped on Friday after the parcel giant cut its annual revenue forecast and reported a sharp fall in profits, owing to weak demand for high-margin speedy delivery services.
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 shares tumble as customers opt for slow and cheap
FedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers continued to trade down from speedy, pricey delivery to cheaper, slower options.
Orange County Register26d
Police turn FedEx hub into cash harvesting center
Police routinely detain and open boxes in Indianapolis, where FedEx operates its second-largest hub. When local agencies find cash, they keep it permanently through civil forfeiture, a law ...
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FedEx reports drop in quarterly earnings on lower demand for priority services
FedEx reported a drop in first-quarter profit on Thursday and lowered the top end of its annual profit forecast as demand in ...
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FedEx driver robbed, tied up and left in truck in Edison in sophisticated heist
The 35-year-old victim was eventually able to free himself from the zip ties and call police on his Apple Watch.
New Jersey FedEx driver tied up, robbed of packages at gunpoint
A New Jersey FedEx driver was tied up and robbed at gunpoint by three men with a box truck waiting to haul off the packages they stole.
News93d
How FedEx's Damaged Shipments Are Supporting Local Nonprofits
What happens to all the items that are damaged in shipping and returned to FedEx? A lot of them end up at nonprofits like this one, Mid-Del group homes.
FedEx Stock: Price-Target Cuts Roll In After Big Earnings Miss
FedEx stock is plunging Friday after the logistics giant came up short of earnings expectations and revised its full-year ...
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Lawsuit Claims IMPD Illegally Seizes Cash at FedEx Hub
A jeweler in California told I-Team 8 that one of its customers wanted to pay them in cash, so they put money into a box and shipped it through FedEx. When that box was at a facility near the ...
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FedEx truck driver gets zip-tied in coordinated robbery in Edison, NJ
The driver of a FedEx tractor trailer was held up by two men after making a pickup in an Edison industrial park who ordered ...
NJ.com15d
FedEx driver robbed of contents of delivery truck at gunpoint in Edison
The trio forced him at gunpoint to drive to nearby Ethel Road, where a box truck was parked in a lot, Dudash said. Two of the men rode in the cab of the FedEx truck with the driver while a third ...
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Scottie Scheffler reveals financial arrangement with caddie Ted Scott
Scottie Scheffler has revealed the payment arrangement he has with his caddie Ted Scott after a record-shattering season on ...
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FedEx shipping center in Port Huron Twp. to close Sept. 28
FedEx will be closing its Port Huron Township Ship Center effective Saturday, Sept. 28. Austin Kemker, communications ...