Fedex Corp - FDX STOCK NEWS

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.

FedEx has donated its 25th mobile canteen to The Salvation Army in St. Marys, Georgia. These rolling kitchens of compassion are used to provide relief during disasters and serve communities year-round. The latest donation was immediately put to use following Hurricane Debby, demonstrating its important role in emergency response.

Since 2006, FedEx has been donating these mobile canteens, which have served people affected by various disasters in 18 U.S. cities and 7 other countries. The canteens offer hot meals, clean water, and comfort to those in crisis, serving as mobile beacons of hope for communities facing hardship.

FedEx supported The Salvation Army in deploying co-branded canteens to 41 events in Q2 2024, serving food and drinks to communities and disaster-affected areas. Mobile canteens were used in various regions, including Arizona, Pennsylvania, and Georgia, with ribbon-cutting events marking their completion. FedEx also donated $25,000 for Brazil flood relief, assisting over 873,000 people affected by torrential rains.

Disaster responses included: an EF-3 tornado in Kansas, extreme heat in Missouri, and 10 fires in Illinois, serving meals and drinks to survivors, first responders, and volunteers. Community outreach programs in cities like San Francisco, New York, Baltimore, and Pittsburgh provided thousands of meals and hygiene kits to the homeless and underprivileged.

Other notable efforts included fan distribution in Kansas City, meal services in Memphis and New Orleans, and mobile feeding programs in Virginia and New Jersey, highlighting FedEx's commitment to social responsibility and disaster relief.

Mickey's Popcorn, a Memphis-based gourmet popcorn business, is making waves in youth development through its nonprofit arm, The Gradus Project. The company, founded by Kenny and Dr. Penny Mickey in 2020, recently hosted the 'On and Poppin Teen Camp' in collaboration with FedEx Cares. The camp provided high school students from Youth Villages with hands-on entrepreneurial experience, including product development, packaging, and shipping processes.

Participants created unique popcorn flavors and pitched their creations to judges, competing for a $1,000 prize. The camp also featured sessions on networking and career development led by FedEx professionals. Mickey's Popcorn aims to expand this initiative, potentially allowing future winners to brand and sell their creations, further empowering Memphis youth through entrepreneurship.

FedEx has supported the development of GridUp, a state-of-the-art tool by RMI that helps utilities forecast energy and power needs for electric vehicle (EV) charging. GridUp provides detailed forecasts at the census-block group level, enabling decision-makers to upgrade the grid efficiently to meet increasing EV charging demands. The tool addresses a critical barrier to widespread transportation electrification by projecting when and where EVs will need power with granular detail.

GridUp can forecast areas of high EV growth, energy requirements for charging, and types of charging locations needed in specific areas. It has been piloted since 2021, gaining insights from utilities and regulators. The tool is important for utilities, cities, and states to make informed planning and investment decisions, ensuring equitable and ubiquitous charging availability.