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 Corporation (NYSE: FDX) connects people and possibilities through its expansive portfolio of shipping, transportation, e-commerce, and business services. With a reputation for reliability and expertise, FedEx offers integrated business solutions via its collaboratively managed operating companies, ensuring extraordinary service.
Founded in 1973, FedEx pioneered overnight delivery and remains the world's largest express package provider. In fiscal 2023, which ended in May 2023, the company derived 47% of its revenue from its express division, 37% from ground services, and 11% from freight, with additional income from FedEx Office and FedEx Logistics.
FedEx's commitment to innovation is evident in its acquisition of TNT Express in 2016, expanding its global reach. The company’s core values emphasize safety, ethical standards, and customer focus, upheld by a global workforce of over 500,000 dedicated employees.
Recent initiatives highlight FedEx's role in empowering small businesses and fostering sustainability. The FedEx E-commerce Learning Lab aids women and minority-owned small businesses, while its Picture Proof of Planting campaign engages employees in conservation efforts worldwide. Additionally, FedEx’s support for International Medical Corps showcases its commitment to global humanitarian efforts.
Furthermore, FedEx continues to advance sustainable urban mobility through collaborations with EIT Climate-KIC, funding initiatives in cities across Europe. These efforts align with the company’s goal to achieve carbon-neutral operations by 2040.
FedEx's philanthropic endeavors, such as FedEx Cares, reinforce its dedication to community support, from responding to natural disasters in Brazil to fostering chimpanzee welfare through creative initiatives with Save the Chimps.
FedEx continues its support for Historically Black Colleges and Universities (HBCUs) by offering scholarships through the United Negro College Fund (UNCF) Empower Me Tour (EMT). The recent conference in Jacksonville, FL, focused on career readiness for HBCU students, where nine students received $2,500 scholarships each. FedEx also provided remarks during the event and recruited HBCU students to its talent network.
FedEx team members made a significant impact at the USHLI 2024 National Conference, showcasing the company's commitment to diversity and community engagement. The 2024 Student Leadership Series, of which FedEx is the Honorary Chair, aims to motivate Latino high school students to excel academically and become future leaders. The event featured inspiring speeches, career guidance, and workshops to empower students. FedEx's participation reinforced its dedication to supporting Hispanic communities and promoting diversity and inclusion.
Udhyam Learning Foundation and Accion's Ovante program support young women like Jyoti in India to become entrepreneurs despite education and social barriers. Jyoti, with the help of Udhyam, turned her passion for sewing into a successful tailoring business, highlighting the importance of skills training and entrepreneurial support for marginalized youth.
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