FedEx Corporation - FDX STOCK NEWS

FedEx (NYSE: FDX) and Salesforce (NYSE: CRM) have announced a multi-year partnership that integrates Salesforce Commerce Cloud and Order Management with FedEx and ShopRunner. This collaboration aims to streamline e-commerce operations, enhancing the customer experience while meeting the rising demand for efficient shipping. Companies will benefit from tools that provide better inventory management, real-time order visibility, and options for two-day shipping. The initial solutions are expected to launch in Spring 2022, with pricing details to be released then.

FedEx (NYSE: FDX) announced the return of the FedEx Air & Ground NFL Players of the Week and Players of the Year Awards for the 2021-2022 season. This initiative has celebrated top-performing NFL quarterbacks and running backs for 19 years. In support of HBCUs, FedEx will donate $2,000 weekly in the names of the winning players, totaling $4,000. The program underscores FedEx's commitment to community support while enhancing fan engagement by allowing voting for nominees through NFL.com and Twitter. The winners will be recognized during NFL Honors before Super Bowl LVI.

FedEx Corp. is responding to the humanitarian crisis caused by the recent earthquake in Haiti by conducting two dedicated charter flights for relief efforts. The first flight delivered 79 tons of medical supplies, valued at $8 million, including IV solutions and emergency medical backpacks, landing in Port-au-Prince. A subsequent flight will transport an emergency field hospital in partnership with the International Medical Corps. These actions are part of FedEx's broader commitment to humanitarian assistance and their FedEx Cares initiative aimed at aiding communities in need.

FedEx Corp. (NYSE: FDX) has declared a quarterly cash dividend of $0.75 per share, payable on October 1, 2021, to stockholders of record by the close of business on September 3, 2021. With annual revenue reaching $84 billion, FedEx offers a wide range of transportation, e-commerce, and business services globally. The company aims for carbon-neutral operations by 2040, showcasing its commitment to sustainability while continuously inspiring its 570,000 team members to adhere to high ethical standards and customer focus.

Natixis has provided $51.5 million in floating-rate financing to SomeraRoad Inc. for refinancing a 193,836 square foot Class-A office building at 145 Lt. George W Lee Avenue, Memphis. This office serves as the new global headquarters for FedEx Logistics, a division of FedEx Corporation (NYSE: FDX). SomeraRoad has made over $1.5 billion in acquisitions and currently holds $600 million of equity across 18 million square feet of commercial real estate.

FedEx Office has partnered with Accenture and River Logic to enhance its print production and delivery network using advanced digital technologies. This collaboration aims to streamline customer experience and improve operational efficiency. By creating a 'digital twin' of its operations, FedEx Office can visualize various scenarios and optimize performance across its nearly 2,200 retail locations and 18 commercial print facilities. This initiative underscores FedEx Office's commitment to meeting evolving customer needs and driving overall business improvement.

FedEx Corp. reported strong financial results for the quarter and fiscal year ending May 31. In Q4, revenue reached $22.6 billion and net income was $1.87 billion. The fiscal year saw revenue hit $84 billion and net income of $5.23 billion. Despite this, operating income decreased to $1.80 billion and operating margin declined to 8.0%. The company forecasts FY2022 earnings per diluted share between $18.90 and $19.90. Strategic investments focus on e-commerce and operational excellence.

FedEx Corp. (NYSE: FDX) and Nuro have partnered in a multi-year agreement to test Nuro's autonomous delivery vehicles in FedEx operations. This collaboration includes a pilot program launched in Houston, aiming to enhance parcel logistics and explore various delivery options. FedEx's commitment to innovation is highlighted as the company seeks to improve efficiency and safety for its workforce. Nuro, with nearly five years of self-driving tech experience, aims to expand into parcel logistics, marking a significant step in its growth.

FedEx Express has successfully delivered 1.35 million COVID-19 vaccine doses to Toluca, Mexico, marking its first shipment in collaboration with Direct Relief and the U.S. and Mexican governments. The delivery is part of FedEx's extensive efforts in the vaccine supply chain, with over 13,000 related charitable shipments made since January 2020. FedEx has committed $4 million in support for various nonprofits and has moved over 90 kilotons of personal protective equipment globally. This initiative aligns with FedEx's goal to positively impact 50 million people by its 50th anniversary in 2023.