FedEx Corporation - FDX STOCK NEWS

The Board of Directors of FedEx Corp. (NYSE: FDX) has declared a quarterly cash dividend of $0.75 per share. This dividend will be payable on April 1, 2022, to stockholders of record at the close of business on March 7, 2022. FedEx reported an annual revenue of $90 billion and is recognized as a leading provider of transportation and e-commerce services. The company aims for carbon-neutral operations by 2040, demonstrating its commitment to sustainable practices.

FedEx delivered the Vince Lombardi Trophy to the Super Bowl Experience in Los Angeles using its all-electric delivery vehicle, marking a significant milestone in its commitment to sustainability. This event, which took place during Super Bowl LVI, highlighted FedEx's goal of achieving carbon-neutral operations by 2040. Real-time monitoring of the trophy was conducted using FedEx's SenseAware technology, ensuring its safe transport. Fans can view the trophy during the week leading up to the game, culminating in the award presentation on February 13, 2022.

FedEx (NYSE: FDX) has launched the FedEx-HBCU Student Ambassador Program, aimed at preparing students from eight Historically Black Colleges and Universities (HBCUs) for leadership roles in various sectors. The program will commence in March and includes virtual and hybrid meetings, providing participants with access to executives and resources to enhance career readiness. This initiative aligns with FedEx's five-year commitment to HBCUs and emphasizes building a diverse talent pipeline.

FedEx and Microsoft announced an innovative logistics as a service solution aimed at enhancing merchant competitiveness in e-commerce. Through this collaboration, the companies will integrate FedEx's network intelligence with Microsoft Dynamics 365, enabling better customer engagement and efficient shipping. This solution allows brands to utilize data insights for improved order fulfillment, near real-time delivery status, and frictionless returns. Expected availability in the U.S. is set for the second half of 2022, capitalizing on e-commerce growth projected at 110 million packages daily by 2022.

FedEx Corp. (NYSE: FDX) announced an accelerated share repurchase agreement (ASR) with Goldman Sachs to buy back $1.5 billion of its common stock. Initially, approximately 4.8 million shares will be delivered based on current market prices. The final share count will depend on market conditions. The ASR is expected to be completed before the end of the current fiscal year, with ongoing repurchases in the open market possible. FedEx operates with annual revenues of $90 billion, providing a diverse portfolio of transportation and business services.

FedEx Corp. (NYSE: FDX) has received five electric Light Commercial Vehicles (eLCVs) from General Motors' BrightDrop, part of an order of 500. This marks a significant milestone in FedEx's mission to achieve carbon neutrality in global operations by 2040. FedEx plans for 50% of its global pickup and delivery vehicle purchases to be electric by 2025, increasing to 100% by 2030. The EV600 vehicles have an estimated range of 250 miles and over 600 cubic feet of cargo space. FedEx is also building charging infrastructure to support this transition.

FedEx Corp. (NYSE: FDX) reported a strong financial performance for the quarter ending November 30, with an operating income of $1.6 billion, up 9% year over year, and a net income of $1.04 billion. The company announced a new $5 billion share repurchase program, including a $1.5 billion accelerated share repurchase. Key metrics include revenue of $23.5 billion and a diluted EPS of $3.88. While operating results improved, challenges remain due to labor market issues that increased costs by an estimated $470 million.

FedEx Express has completed a $72.2 million expansion at Miami International Airport, enhancing air cargo capacity significantly. The project adds over 138,000 square feet to the main sort facility, bringing the total to 282,000 square feet. Key features include the largest cold chain facility in the FedEx network and an expanded customs clearance area. This expansion aims to boost operations in South Florida and Latin America, creating hundreds of new jobs and improving services during the holiday season, thereby meeting the increasing demand for e-commerce.