Welcome to our dedicated page for Fedex news (Ticker: FDX), a resource for investors and traders seeking the latest updates and insights on Fedex stock.
FedEx Corp (FDX), a global leader in logistics and express shipping, provides critical updates through this dedicated news hub. Access official press releases, earnings reports, and strategic announcements that shape the company's trajectory in transportation and supply chain innovation.
This resource serves investors and professionals seeking authoritative information on FDX's operational developments, including new service launches, technology investments, and global network expansions. Discover timely updates on sustainability initiatives, regulatory compliance actions, and partnership announcements that demonstrate FedEx's industry leadership.
Content is organized to highlight material business events while maintaining compliance with financial disclosure standards. Users can expect coverage of quarterly financial results, executive leadership changes, and infrastructure modernization efforts that impact FedEx ecosystem.
Bookmark this page for streamlined access to FDX's evolving story. Combine these verified updates with market analysis tools for comprehensive investment research in the logistics sector.
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.
FedEx Corporation (NYSE: FDX) appointed Fred Perpall to its Board of Directors and its Audit and Nominating & Governance Committees. The Board's chairman, Frederick W. Smith, lauded Perpall's leadership and business acumen as significant assets for the company. Currently, Perpall is the CEO of The Beck Group, a leading design-build firm. He holds a bachelor’s and master’s degree from the University of Texas at Arlington and is recognized in the American Institute of Architects College of Fellows.
FedEx Freight is partnering with the Christmas SPIRIT Foundation to support military families this holiday season by delivering Christmas trees through the Trees for Troops program. Since 2005, they have distributed over 260,000 trees and will deliver to 77 military bases this year. The program starts on Nov. 29, involving tree farms from 24 states. New this year, the public can donate trees by purchasing them at participating locations by Dec. 5. FedEx Freight continues its commitment to community engagement via FedEx Cares.
FedEx Corp. (NYSE: FDX) has declared a quarterly cash dividend of $0.75 per share, payable on December 27, 2021, to stockholders of record by the close of business on December 13, 2021. With annual revenue of $87 billion, FedEx provides diverse transportation and e-commerce services, focusing on sustainability and aiming for carbon neutrality by 2040. The company values safety and ethical standards, employing 560,000 individuals worldwide.
