Fedex Corp Stock Price, News & Analysis

FedEx has been recognized as a 2024 'Top Company for Women to Work in Transportation' by Redefining the Road magazine, the official publication of Women In Trucking Association (WIT). The company made WIT's 'Elite 30' list, which highlights organizations receiving the highest industry-wide votes. Selection criteria included corporate cultures fostering gender diversity, competitive compensation, flexible work arrangements, and professional development opportunities. FedEx was acknowledged for its commitment to supporting women across various roles, from drivers to leadership positions, through DEI&O programs and merit-based hiring policies.

FedEx (NYSE: FDX) has declared a quarterly cash dividend of $1.38 per share on its common stock. The dividend will be paid on January 3, 2025, to stockholders of record as of December 9, 2024. The company, which generates annual revenue of $88 billion, employs over 500,000 people and provides transportation, e-commerce, and business services worldwide through its global network. FedEx aims to achieve carbon-neutral operations by 2040.

FedEx released its annual economic impact report for FY2024, demonstrating significant global economic contributions. The company delivered $85 billion in direct impact and $39 billion in indirect impact to the global economy, representing approximately 0.1% of world's total net economic output. With operations in over 220 countries, FedEx employs more than 500,000 people across 5,000+ facilities and handles an average of 16 million packages daily. In the US, FedEx contributed 6.7% to the Transportation and Warehousing sector and indirectly added $8.1 billion to net output. The company continued network optimization, expanded its EV fleet, and invested in facility improvements including new hubs in Dubai and Memphis.

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.