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 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.
FedEx partners with the U.S. Chamber of Commerce Foundation's Small Business Readiness for Resiliency Program (R4R) to support small businesses in facing challenges and building resilience. The initiative, endorsed by NASCAR driver Denny Hamlin, aims to equip entrepreneurs with tools and resources for disaster preparedness and recovery.
Hamlin, who grew up in a small business environment, emphasizes the importance of resilience in both racing and business. The R4R program offers guidance on preparing for disasters and provides financial assistance to help businesses recover quickly. This effort aligns with FedEx's commitment to strengthening local economies and supporting small business owners across the country.
The program's impact is illustrated through Hamlin's visit to Lebos, a family-run business in Charlotte, where he shared disaster preparedness steps. FedEx's involvement in R4R is part of its broader FedEx Cares global community engagement program, demonstrating the company's dedication to fostering resilient communities and supporting small businesses.
White Knight Labs (WKL), a boutique offensive cyber security consultancy, has been awarded a $10,000 grant from the Hiring Our Heroes Small Business Award for Veterans & Military Spouses, funded by the FedEx Founder's Fund. Founded in 2016 by John Stigerwalt and later joined by Greg Hatcher, a former green beret, WKL specializes in red teaming, cloud penetration testing, and securing embedded medical devices.
The company has grown to a team of 30 engineers with operations in Europe and Asia. WKL is committed to mentoring the next generation of cyber operators through internships and community involvement. The grant will fund two additional seats in all their courses for veterans, promoting skill development and education in cybersecurity.
FedEx's 'Delivering for Good' initiative showcases the company's commitment to community impact beyond package delivery. Recently, FedEx assisted in transporting a significant plant fossil collection from the Yale Peabody Museum to the Smithsonian's National Museum of Natural History in Washington D.C. This collection, dating back 50-66 million years, includes extinct relatives of various tree species and provides important insights into Earth's climate history.
The fossils, collected in the Bighorn Basin of Wyoming and Montana, offer valuable data on temperature fluctuations, ecosystem changes, and abrupt warming events. By facilitating this transfer, FedEx has contributed to the preservation and study of these specimens, which are now part of the world's largest plant fossil archive. This effort aligns with FedEx's broader community engagement program, FedEx Cares, demonstrating the company's role in supporting scientific research and environmental understanding.
FedEx has announced the winners of its Picture Proof of Planting photo contest, which received nearly 140 submissions and over 4,000 votes for 15 semi-finalists. Five nonprofits will each receive a $5,000 USD grant as part of the contest. The winning organizations are:
1. Salt Strong Alliance (Florida, USA) - coastal conservation
2. Treat Every Environment Special (TrEES) (Malaysia) - environmental conservation and education
3. Gawad Kalinga Community Development Foundation (Philippines) - poverty eradication
4. The Wolf River Conservancy (Memphis, USA) - river and watershed preservation
5. We4all (Greece) - environmental conservation and reforestation
The contest is part of FedEx Cares, the company's global community engagement program. The grants for non-U.S. organizations are subject to final vetting and approval by CAF America.
FedEx's 2023 FedEx Cares Report highlights the company's efforts to promote economic opportunity and equity for underrepresented communities. The report features initiatives such as:
1. Partnering with Dress for Success to provide mentorship and leadership development for women.
2. Collaborating with Hiring Our Heroes to support veterans and military spouses in transitioning to civilian careers.
3. Supporting the Vital Voices GROW Fellowship, a global business accelerator for women entrepreneurs.
These programs aim to break down barriers and create opportunities for diverse groups, including women, veterans, and international entrepreneurs, aligning with FedEx's commitment to community engagement and social impact.
In the wake of Hurricane Beryl's devastation in Jamaica, FedEx faced the challenge of delivering urgent humanitarian aid. Jorge Palacios, a Miami-based project engineer, stepped up to lead the mission. Drawing from his experience with hurricane aftermath in Puerto Rico, Jorge coordinated the delivery of eight pallets containing over 2,000 wound care kits and hygiene supplies on behalf of International Medical Corps.
Jorge's expertise in FedEx operations across Latin America and the Caribbean proved invaluable as he navigated complex logistics and customs clearance. His dedication and empathy impressed both the aid organization and the FedEx Global Citizenship team. This story highlights FedEx's commitment to disaster relief and the impact of individual employees in crisis response.
FedEx Cares, in collaboration with University of Memphis student athletes, delivered 350 sports bras to the Lady Warriors at Booker T. Washington Jr/Sr High School in Memphis, Tennessee on May 2. This initiative, part of the FLY:FWD program, aims to inspire girls, boost self-esteem, and empower success both on and off the field. Over 30 FedEx Cares volunteers participated in the event, which included teambuilding exercises with the high school students.
Two University of Memphis Lady Tigers athletes, Camber Hayes (Soccer) and Mi'Asia Bergmann (Track & Field), joined the event as part of a new NIL relationship. They encouraged the young women to pursue their dreams, stay present, and remain active. The initiative aligns with studies showing that girls who participate in athletics are more likely to achieve good grades and graduate from high school.
FedEx Corp. (NYSE: FDX) has declared a quarterly cash dividend of $1.38 per share on its common stock. The dividend is payable on October 1, 2024 to stockholders of record as of September 9, 2024. This decision aligns with FedEx's commitment to delivering stockholder value. The company, with annual revenue of $88 billion, offers integrated business solutions through its global network. FedEx employs over 500,000 people and aims to achieve carbon-neutral operations by 2040. The company provides a wide range of transportation, e-commerce, and business services worldwide.
FedEx 's 'The Best of the Best' series highlights recipients of the Hiring Our Heroes Small Business Award for Veterans & Military Spouses. Your Personal Gardener & Arborist, founded by James and Natalie Chesebro in 2011, received a $10,000 grant. The East Troy, Wisconsin-based company offers comprehensive lawn and tree care services. Starting as a part-time venture between James' military deployments, it has grown to employ 22 staff members.
The company overcame challenges by implementing innovative hiring strategies and investing in quality equipment. They contribute to the local economy by supporting local businesses and hiring veterans. The grant will be used to build a bunker for bulk materials, expanding their commercial offerings. Your Personal Gardener & Arborist is recognized for its community engagement, including an annual 'Tree Day of Service' for veterans and support for deployed military families.
