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FedEx Corp (FDX.N)

FDX.N on New York Stock Exchange

246.72USD
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Latest Key Developments (Source: Significant Developments)

Fedex Says Supports Lowering Trade Barriers For Customers
Tuesday, 19 Jun 2018 06:05pm EDT 

June 19 (Reuters) - FedEx Corp ::WE DO REMAIN CONCERNED ABOUT THREATS THAT MANAGE THE FREE FLOW OF GOODS AMONG COUNTRIES - CEO ON CONF CALL.TRADE IS A TWO-WAY STREET, AND FEDEX SUPPORTS LOWERING TRADE BARRIERS FOR OUR CUSTOMERS, NOT RAISING THEM - CEO ON CONF CALL.FEDEX - CAPEX IS GOING TO SPIKE UP IN FY 2020 AND FY 2021 MOSTLY AS A RESULT OF EXPRESS, SIGNIFICANTLY REDUCING OUTLOOK FOR CAPEX AT GROUND - CONF CALL.FEDEX - WE HAVE NOT SEEN ANY CHANGES IN THE U.S. CUSTOM BEHAVIOR DIRECTLY RELATED TO THESE NEW TARIFFS - CONF CALL.  Full Article

Fedex To Purchase $6 Bln Group Annuity Contract From Metropolitan Life Insurance Company
Tuesday, 8 May 2018 04:30pm EDT 

May 8 (Reuters) - FedEx Corp ::FEDEX TO PURCHASE $6 BILLION GROUP ANNUITY CONTRACT FROM METROPOLITAN LIFE INSURANCE COMPANY TO REDUCE PENSION OBLIGATIONS.FEDEX CORP - BY TRANSFERRING THE OBLIGATIONS TO METROPOLITAN LIFE, FEDEX WILL REDUCE ITS U.S. PENSION PLAN LIABILITIES BY APPROXIMATELY $6 BILLION.FEDEX CORP - PURCHASE OF GROUP ANNUITY CONTRACT WILL BE FUNDED DIRECTLY BY ASSETS OF PENSION PLANS.FEDEX CORP - FOLLOWING ANNUITY PURCHASE AND TRANSFER, PENSION PLANS WILL REMAIN WELL FUNDED.FEDEX CORP -TO RECOGNIZE ONE-TIME NON-CASH PENSION SETTLEMENT CHARGE, TO BE INCLUDED IN FY 2018 YEAR-END MARK-TO-MARKET PENSION ACCOUNTING ADJUSTMENTS.  Full Article

UK CMA Says It Is Investigating Acquisition By Restore PLC Of Certain Businesses Of TNT UK
Friday, 4 May 2018 06:09am EDT 

May 4 (Reuters) - UK CMA::INVESTIGATING COMPLETED ACQUISITION BY RESTORE PLC OF CERTAIN BUSINESSES OF TNT UK LIMITED.  Full Article

FedEx Acquires P2P Mailing Limited
Tuesday, 27 Mar 2018 08:45am EDT 

March 27 (Reuters) - FedEx Corp ::FEDEX EXPANDING E-COMMERCE CAPABILITIES WITH ACQUISITION OF P2P.FEDEX CORP - DEAL FOR FOR £92 MILLION.FEDEX CORP - P2P WILL OPERATE AS A SUBSIDIARY OF FEDEX CROSS BORDER WITHIN FEDEX TRADE NETWORKS OPERATING COMPANY.FEDEX CORP - HAS ACQUIRED P2P MAILING LIMITED, A PROVIDER OF WORLDWIDE E-COMMERCE TRANSPORTATION SOLUTIONS.  Full Article

Fedex Confirms That A Package Detonated At A San Antonio Ground Facility Early Today
Tuesday, 20 Mar 2018 01:57pm EDT 

March 20 (Reuters) - Fedex Corp ::FEDEX RESPONDS TO INCIDENTS IN TEXAS.HAVE ALSO CONFIRMED THAT THE INDIVIDUAL RESPONSIBLE ALSO SHIPPED A SECOND PACKAGE THAT HAS NOW BEEN SECURED AND TURNED OVER TO LAW ENFORCEMENT.CONFIRMED THAT A PACKAGE DETONATED AT A SAN ANTONIO FEDEX GROUND FACILITY EARLY THIS MORNING‍​.THERE WERE NO SERIOUS INJURIES FROM THIS CRIMINAL ACTIVITY.PROVIDED LAW ENFORCEMENT RESPONSIBLE FOR THIS INVESTIGATION EXTENSIVE EVIDENCE RELATED TO THESE PACKAGES.  Full Article

FedEx Says Will Add 500 New Locations In Walmart Stores Nationwide
Tuesday, 20 Mar 2018 08:00am EDT 

March 20 (Reuters) - FedEx Corp ::FEDEX OFFICE EXPANDS, WILL ADD 500 NEW LOCATIONS IN WALMART STORES NATIONWIDE.‍FEDEX OFFICE - EXPANDS, WILL ADD 500 NEW LOCATIONS IN WALMART STORES NATIONWIDE​.FEDEX - ‍AGREEMENT TO PLACE 500 NEW FEDEX OFFICE LOCATIONS WITHIN SELECT DOMESTIC WALMART STORES NATIONWIDE IN NEXT 24 MONTHS​.  Full Article

CNMC Fines With 68 Mln Euros 10 Messaging And Business Package Companies
Friday, 9 Mar 2018 07:50am EST 

March 9 (Reuters) - COMISION NACIONAL DE LOS MERCADOS Y LA COMPETENCIA (CNMC)::SPAIN'S COMPETITION WATCHDOG FINES 10 MESSAGING AND BUSINESS PACKAGE COMPANIES FOR SETTING UP CARTELS TO DIVIDE CUSTOMERS‍​.TOTAL FINE FOR CORREOS EXPRESS (CEX), FEDEX, UPS, DHL, TNT, MBE, GLS, TOURLINE, ICS AND REDYSER AMOUNTS TO ABOVE 68 MILLION EUROS.  Full Article

FedEx Says Its ‍Board Declared A Quarterly Cash Dividend Of $0.50 Per Share
Friday, 16 Feb 2018 09:00am EST 

Feb 16 (Reuters) - FedEx Corp ::FEDEX CORP. BOARD DECLARES QUARTERLY DIVIDEND.FEDEX CORP - ‍BOARD OF FEDEX CORPORATION DECLARED A QUARTERLY CASH DIVIDEND OF $0.50 PER SHARE ON FEDEX CORPORATION COMMON STOCK​.  Full Article

Fedex Realigns Specialty Logistics And E-Commerce Solutions
Tuesday, 16 Jan 2018 09:00am EST 

Jan 16 (Reuters) - Fedex Corp ::FEDEX REALIGNS SPECIALTY LOGISTICS AND E-COMMERCE SOLUTIONS.FEDEX - REALIGNMENT, BEGINNING MARCH 1, 2018, OF ITS SPECIALTY LOGISTICS AND E-COMMERCE SOLUTIONS IN A NEW STRUCTURE UNDER FEDEX TRADE NETWORKS, INC..FEDEX- FEDEX SUPPLY CHAIN RESULTS,FEDEX CUSTOM CRITICAL RESULTS, WILL BE REPORTED WITH FEDEX TRADE NETWORKS IN FEDEX EXPRESS SEGMENT EFFECTIVE MARCH 1.FEDEX - NEW CO CALLED FEDEX FORWARD DEPOTS WITH RESPONSIBILITY FOR CRITICAL INVENTORY & SERVICE PARTS LOGISTICS, 3-D PRINTING, REPAIR CENTER.  Full Article

Fedex Q2 Earnings Per Share $2.84
Tuesday, 19 Dec 2017 04:15pm EST 

Dec 19 (Reuters) - Fedex Corp ::REPORTS HIGHER SECOND QUARTER RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $3.18.Q2 EARNINGS PER SHARE $2.84.Q2 EARNINGS PER SHARE VIEW $2.89 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 EARNINGS PER SHARE $11.45 TO $12.05 EXCLUDING ITEMS.FULL-YEAR EARNINGS OUTLOOK INCREASED.UNABLE TO FORECAST FISCAL 2018 YEAR-END MARK-TO-MARKET (MTM) PENSION ACCOUNTING ADJUSTMENTS. COMPANY IS UNABLE TO PROVIDE FISCAL 2018 EARNINGS OR EFFECTIVE TAX RATE (ETR) GUIDANCE ON A GAAP BASIS.QTRLY GAAP REVENUE $16.3 BILLION VERSUS $14.9 BILLION.- FISCAL 2018 ETR FORECAST IS NOW 33% TO 34% BEFORE YEAR-END MTM PENSION ACCOUNTING ADJUSTMENTS.QTRLY FEDEX GROUND SEGMENT REVENUE OF $4.93 BILLION VERSUS $4.42 BILLION LAST YEAR.QTRLY FEDEX FREIGHT SEGMENT REVENUE OF $1.76 BILLION VERSUS $1.60 BILLION LAST YEAR.- CAPITAL SPENDING FORECAST FOR FISCAL 2018 REMAINS $5.9 BILLION.QTRLY GAAP FEDEX EXPRESS SEGMENT REVENUE OF $9.35 BILLION BILLION VERSUS $8.64 BILLION LAST YEAR.- INCREASING 2018 FORECAST, DUE TO SOLID DEMAND TRENDS AND SUCCESS IN RESTORING BUSINESS IMPACTED BY THE SUMMER'S CYBERATTACK.- EXPECT TO SEE IMPROVED RESULTS IN FISCAL SECOND HALF.Q2 REVENUE VIEW $15.68 BILLION -- THOMSON REUTERS I/B/E/S.- REAFFIRM COMMITMENT TO IMPROVE OPERATING INCOME AT FEDEX EXPRESS SEGMENT BY $1.2 TO $1.5 BILLION IN FISCAL 2020 VERSUS FISCAL 2017.FEDEX - TOTAL TNT EXPRESS INTEGRATION PROGRAM EXPENSE THROUGH FISCAL 2020 NOW ESTIMATED TO BE ABOUT $1.4 BILLION, UP FROM PREVIOUS $800 MILLION ESTIMATE.  Full Article

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FedEx profit tops Wall Street estimates amid trade war worries

LOS ANGELES/NEW YORK FedEx Corp reported fourth-quarter profit that beat Wall Street estimates on Tuesday, as revenues and operating margins increased in each of the company's operating units.