Welcome to our dedicated page for FedEx Corporation news (Ticker: FDX), a resource for investors and traders seeking the latest updates and insights on FedEx Corporation stock.
FedEx Corporation (NYSE: FDX) connects people and possibilities through its expansive portfolio of shipping, transportation, e-commerce, and business services. With a reputation for reliability and expertise, FedEx offers integrated business solutions via its collaboratively managed operating companies, ensuring extraordinary service.
Founded in 1973, FedEx pioneered overnight delivery and remains the world's largest express package provider. In fiscal 2023, which ended in May 2023, the company derived 47% of its revenue from its express division, 37% from ground services, and 11% from freight, with additional income from FedEx Office and FedEx Logistics.
FedEx's commitment to innovation is evident in its acquisition of TNT Express in 2016, expanding its global reach. The company’s core values emphasize safety, ethical standards, and customer focus, upheld by a global workforce of over 500,000 dedicated employees.
Recent initiatives highlight FedEx's role in empowering small businesses and fostering sustainability. The FedEx E-commerce Learning Lab aids women and minority-owned small businesses, while its Picture Proof of Planting campaign engages employees in conservation efforts worldwide. Additionally, FedEx’s support for International Medical Corps showcases its commitment to global humanitarian efforts.
Furthermore, FedEx continues to advance sustainable urban mobility through collaborations with EIT Climate-KIC, funding initiatives in cities across Europe. These efforts align with the company’s goal to achieve carbon-neutral operations by 2040.
FedEx's philanthropic endeavors, such as FedEx Cares, reinforce its dedication to community support, from responding to natural disasters in Brazil to fostering chimpanzee welfare through creative initiatives with Save the Chimps.
FedEx (NYSE: FDX) successfully completed its first-ever roundtrip panda deliveries this week, transporting six giant pandas between the United States and China. The FedEx Panda Express, a Boeing 777-F, departed Atlanta on October 12, delivering four pandas to Chengdu, and returned to Washington, D.C. on October 15 with two pandas.
The pandas transported to China included Lun Lun, Yang Yang, and their twin offspring Ya Lun and Xi Lun from Zoo Atlanta. The return flight brought two-year-old pandas Bao Li and Qing Bao to the Smithsonian's National Zoo and Conservation Biology Institute. FedEx donated the transportation cost as part of its corporate social responsibility and environmental conservation efforts.
This mission marks FedEx's ongoing commitment to giant panda conservation, having transported 22 pandas to and from China since 2000. The company's COO, Richard W. Smith, emphasized the significance of this first roundtrip move and FedEx's pride in delivering this precious cargo.
FedEx welcomed a diverse group of 20 interns from various universities across the US this summer. The internship program, designed to provide a comprehensive view of a Fortune 50 company, offered hands-on experience in branding, media relations, and strategic marketing. Interns worked on meaningful projects including website improvements, newsletters, pricing strategies, and social media development.
The program, led by Randi Taylor, featured networking events with FedEx executives, visits to local attractions, and community service through FedEx Cares. Interns also toured the FedEx World Hub to gain firsthand insight into company operations. This program demonstrates FedEx's commitment to nurturing talent and providing unique career preparation experiences.
FedEx Express has announced a significant shift in its UK operations, transitioning to hydrotreated vegetable oil (HVO) biofuel for its linehaul trucks at three major sites. Over 170 tractor-trailer combinations will now use HVO across locations in Parkhouse, Marston Gate, and Atherstone. This change is expected to deliver certified lifecycle carbon emissions savings of at least 80% compared to diesel.
Through a two-year agreement with Crown Oil, FedEx has secured the purchase of at least four million litres of HVO annually. This decision follows successful trials in the UK and Netherlands, which highlighted HVO as a preferred alternative to diesel in FedEx's European road network. The transition will enable FedEx's fleet to drive approximately 36,000 miles each week on alternative fuel, marking a significant step towards the company's goal of achieving carbon-neutral operations by 2040.
Susana Robledo, Founder and CEO of Cube Care, shares her company's journey as a winner of the FedEx Global Entrepreneurship Award. Founded in 1999, Cube Care has grown into a multi-million-dollar enterprise specializing in privacy solutions for healthcare settings. Robledo discusses how her Hispanic heritage influences her business approach, emphasizing integrity, solutions, quality, and value as core pillars.
As a Hispanic Latina woman, Robledo has overcome stereotypes and aims to demonstrate that minority-owned businesses belong in the larger community. She highlights the importance of diversity in problem-solving and the unique service enrichment the Hispanic community brings to business.
Robledo explains how FedEx supports Cube Care through reliable delivery services and education on cost-effective shipping methods. She expresses hope for increased opportunities for diverse entities in large organizations, recognizing the added value and perspective they bring.
FedEx Corp. (NYSE:FDX) announced outstanding achievements at the 2024 National Truck Driving Championships (NTDC) and National Step Van Driving Championships (NSVDC) held in Indianapolis. Five FedEx drivers won top honors, including Jackie Reed of FedEx Freight, who was named Bendix NTDC Grand Champion.
The competition involved written examinations, pre-trip inspections, and driving course skills. FedEx sent 167 drivers to the championships, collectively representing 610 state titles, nearly 4,000 years of professional driving experience, and 280 million safe-driving miles.
Other national champions from FedEx include Connor Dent (Twins), James Kohr (Straight Truck), Dave Mogler (3-Axle), and Logan Montandon (Step Van). Additionally, 13 FedEx drivers finished in the top three of their respective classes, and Todd Gimpel was named National Rookie of the Year. Seven FedEx drivers were also part of Colorado's Team Champions.
FedEx and St. Jude Children's Research Hospital celebrated the 12th year of their Purple Eagle program at the FedEx St. Jude Championship. The 2024 honoree is 7-year-old Micah, diagnosed with acute lymphoblastic leukemia in 2022. His grandfather, Craig, works as a manager for FedEx line maintenance in Memphis.
The program, initiated in 2011 by FedEx VP Bill West, names a Cessna Caravan aircraft after a St. Jude patient whose parent or grandparent is a FedEx employee. Micah's plane, tail number N788FE, will display his name under the St. Jude logo throughout its service in FedEx's supplemental fleet of over 300 turboprop planes.
This tradition highlights FedEx's commitment to St. Jude, supporting their mission to help the 400,000 children worldwide diagnosed with cancer annually. The event showcases the ongoing partnership between FedEx and St. Jude in raising awareness and funds for pediatric cancer research and treatment.
SugarWare, a student-run company from NSU University School in Ft. Lauderdale, Florida, has won the 2024 FedEx Global Possibilities Award at Junior Achievement's National Student Leadership Summit. The award recognizes businesses that exemplify global connectivity principles, including innovation, market expansion, community development, and sustainability.
SugarWare produces sustainable kitchenware from sugarcane plastic, addressing the environmental impact of sugarcane harvesting practices. Their product line includes the Sugarcane Bento Box, water bottle, and "Savor and Save Set." Since 2023, the company has removed 1039.72 kg of CO2 from the atmosphere, educated over 100 children on sustainability, and donated $952.18 to Hope Symphony, a non-profit supporting at-risk children in Florida communities affected by sugarcane cultivation.
The company's commitment to carbon-neutral shipping and sustainable packaging aligns with FedEx's environmental goals, making them a deserving recipient of the Global Possibilities Award.
FedEx Corp. (NYSE: FDX) reported first quarter fiscal 2025 results with diluted EPS of $3.21 and adjusted diluted EPS of $3.60. Revenue was $21.6 billion, down slightly from $21.7 billion in the same quarter last year. Operating income decreased to $1.08 billion from $1.49 billion year-over-year.
The company faced challenges including a mix shift towards deferred services, higher operating expenses, and one fewer operating day. FedEx completed a $1 billion share repurchase during the quarter and narrowed its full-year fiscal 2025 earnings outlook. The company now expects low single-digit percentage revenue growth and adjusted EPS of $20.00 to $21.00, excluding business optimization costs.
FedEx successfully transitioned to a unified air-ground express network on June 1, 2024, merging FedEx Ground and FedEx Services into Federal Express. The company remains focused on reducing structural costs through its DRIVE program and improving network efficiency.
FedEx, in collaboration with One Tree Planted and the PGA TOUR, is launching a tree-planting initiative in the three cities hosting the FedExCup Playoffs: Memphis, Denver, and Atlanta. This environmental sustainability effort aims to improve air quality, reduce heat, and create healthier communities. In Memphis and Denver, the focus will be on increasing shade in public parks, while Atlanta will see fruit-producing trees planted in food desert neighborhoods.
April Britt, Director of Global Citizenship at FedEx, emphasized the company's commitment to contributing to a better tomorrow through urban forestry. The initiative extends beyond the FedExCup Playoffs, with FedEx planning to deliver 60 tree planting and conservation projects across six continents in the coming year. This effort aligns with FedEx's role as a founding member of One Tree Planted's Urban Forestry Fund and demonstrates the company's dedication to addressing environmental challenges in urban areas.
FedEx 's 2023 FedEx Cares Report highlights the company's commitment to promoting equal opportunity and economic growth in Memphis. The report outlines FedEx's strategy to address Memphis' high poverty rate and support inclusive economic growth through partnerships with local nonprofits. Key initiatives include:
BRIDGES: A program serving 3,000 students, focusing on leadership development and community engagement.
Hire Local: A workforce development program that placed 43 Memphians in new hospital careers in 2023.
Church Health: Supported healthcare access for 12,800 unique patients in 2023.
Habitat for Humanity: FedEx volunteers contributed 1,537 hours, helping construct four homes in the Memphis area.
These efforts aim to improve education, workforce participation, and financial stability in Memphis, addressing the city's 21.4% poverty rate, which is the 5th highest among large U.S. cities.
FAQ
What is the current stock price of FedEx Corporation (FDX)?
What is the market cap of FedEx Corporation (FDX)?
What are the main business segments of FedEx?
How does FedEx support small businesses?
What was a significant acquisition by FedEx?
How does FedEx contribute to environmental conservation?
What is FedEx's commitment to sustainability?
How does FedEx support humanitarian efforts?
What is FedEx Cares?
How many employees does FedEx have?
What are some recent FedEx community engagement projects?
Where can I find more information about FedEx's sustainability efforts?
