FedEx ramps up DRIVE savings, lifts FY26 outlook and targets over $1 billion more cuts as weak shipping demand and inflation linger.
The move would allow the parcel carrier to cut back on leased planes.
FedEx (NYSE:FDX | FDX Price Prediction) is one of the few large industrials that has actually delivered on a turnaround narrative this year, and the chart shows it.
Caprock Group LLC lifted its holdings in FedEx Corporation (NYSE: FDX) by 18.4% in the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,985 shares of the shipping service provider's stock after purchasing an additional 2,792 shares during the quarter. Caprock
FedEx outperforms J.B. Hunt on valuation, price and earnings surprises, with AI efficiencies and B2B focus tipping the dividend debate.
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Some of the world's biggest parcel shippers have reportedly begun seeking tariff refunds. As CNBC reported Tuesday (April 12), both FedEx and DHL have started filing claims with the U.S.
FedEx Corp (NYSE:FDX, XETRA:FDX) is facing an “optically tough” leadership transition as its chief financial officer steps down ahead of a planned freight spin-off, but UBS said the move is consistent with the company's financial strategy and maintained a positive view on the stock. CFO John Dietrich will step down effective June 1, capping a three-year tenure that followed his previous role as CEO of Atlas Air Worldwide Holdings, the company announced.
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FedEx and a union representing more than 5,000 of its pilots reached a tentative deal on Wednesday, paving the way for wages increases after years of negotiations.
FedEx Corporation (FDX) Analyst/Investor Day Transcript
FedEx's shares are up 16.2% in three months, powered by cost cuts and upbeat FY26 guidance --- but fuel spikes and trade-policy shifts cloud the near term.