FDX
NYSE · Logistics & Transportation
Fedex Corp
$378.58
+2.65 (+0.70%)
FDX News24 articles
Amazon Nears $3T Market Cap After Logistics Expansion Rattles Rivals
Amazon stock edged up 0.35% in premarket trading Wednesday, pushing its market value near $3 trillion after a fourth straight record close.
Amazon's New Supply Chain Service Escalates Logistics Rivalry with FedEx
Amazon's new supply chain offering for external businesses intensifies logistics competition with FedEx and UPS, though FedEx shares stabilized Tuesday.
Amazon Logistics Expansion Sends UPS Shares Tumbling
UPS shares dropped 10.5% as Amazon launched a logistics service for external businesses, directly challenging UPS and FedEx in parcel delivery and freight.
Oil Surge Sends Dow Down 557 Points; Palantir Slips After Hours
The Dow dropped 557 points as oil prices spiked due to Iranian attacks near the Strait of Hormuz. Palantir slipped after hours despite strong earnings and a raised 2026 outlook.
Wall Street Slides as Oil Surge and Strait of Hormuz Clashes Rattle Markets
U.S. stocks fell sharply Monday as oil prices surged over 5% following renewed attacks near the Strait of Hormuz, with the Dow losing 557 points.
Dow Plunges 500 Points as Oil Surge Sparks Market Jitters
The Dow fell 500 points as oil prices surged past $114 on Strait of Hormuz tensions, with UPS and FedEx sliding on Amazon's logistics move.
Dow Plunges 450 Points as Strait of Hormuz Tensions Fuel Oil Surge
The Dow dropped nearly 450 points Monday as oil surged 5% on Strait of Hormuz tensions. Amazon's logistics expansion hit UPS and FedEx, while GameStop launched a $56B bid for eBay.
Amazon Opens Logistics Network to All Businesses, FedEx Shares Slide 9%
Amazon's new supply chain service, opening its logistics network to all businesses, sent FedEx shares down 9% and UPS down nearly 10%.
Oil Surges Past $110 on Iran Strait Tensions, Futures Swing
Oil spiked above $110 after Iran claimed to repel a US warship near the Strait of Hormuz, though US officials denied any strike. Brent crude briefly topped $113, and US stock futures swung sharply.
UPS Tops Q1 Forecasts Amid Amazon Network Overhaul
UPS beat Q1 earnings and revenue estimates, but shares fell 3% as profit dropped 28% and the company navigates a strategic pullback from Amazon business.
Wall Street Futures Dip as Oil Surges Past $111 and AI Concerns Mount
U.S. stock futures slipped Tuesday as Brent crude surged past $111 a barrel and AI-related stocks fell on reports that OpenAI missed internal targets. The Dow bucked the trend, pointing slightly higher.
House Democrats Demand UPS Explain Tariff Refund Distribution
House Democrats are pressing UPS CEO Carol Tomé for details on how tariff refunds from a Supreme Court ruling will reach customers, with a May 22 deadline for written answers.
Costco Faces Growing Pressure Over Tariff Refund Transparency
House Democrats are pressing Costco and other retailers to clarify how tariff refunds will reach consumers, while a class action lawsuit demands payback. COST shares last traded at $1,011.15.
Amazon Imposes 3.5% Fuel Surcharge on Sellers Amid Rising Oil Prices
Amazon is introducing a 3.5% fuel and logistics surcharge on fulfillment fees for third-party sellers in the U.S. and Canada, effective April 17. The move comes as Brent crude oil prices hover around $110 per barrel, increasing delivery costs across the logistics sector.
Dollar Gains as Middle East Tensions Fuel Safe-Haven Demand
The U.S. dollar strengthened as Middle East hostilities boosted its safe-haven appeal, while oil prices jumped 5%, stoking inflation concerns. Major industrial stocks entered a technical correction.
S&P 500 Plunges to Six-Month Low as Oil Surge Dashes Rate Cut Bets
U.S. equities suffered a broad sell-off, with the S&P 500 closing at its lowest level since September. Surging oil prices and a jump in the 10-year Treasury yield above 4.3% prompted a sharp reversal in interest rate expectations.
Postal Service Faces Cash Crunch, Warns of Delivery Halt Without Congressional Action
The U.S. Postal Service has alerted Congress it could run out of operating funds by November 2026 without legislative intervention, following a $9 billion annual loss. Postmaster General David Steiner stated 71% of delivery routes are unprofitable.
Markets Slide on Iran Tensions, Oil Surge Dampens Rate Cut Outlook
U.S. equity indices declined Friday as geopolitical turmoil in the Middle East sent oil prices to multi-year highs, stoking inflation concerns and shifting market focus away from anticipated monetary easing.
FedEx Surges on Raised Forecast, Defies Broader Market Slump
FedEx shares advanced Friday as the logistics giant posted stronger-than-expected quarterly results and raised its annual profit guidance, contrasting with a declining broader market.
Markets Slide on Geopolitical Tensions, Fed Rate Cut Hopes Dim
U.S. stocks declined sharply Friday, with the Dow Jones Industrial Average dropping over 210 points. Surging oil prices and heightened Middle East tensions fueled inflation fears, causing investors to reassess the Federal Reserve's policy timeline.
Wall Street Holds Breath as Oil Retreats, Fed Stance in Focus
U.S. equity futures posted modest gains early Friday as a pullback in crude oil prices offered some relief. The tentative move higher follows a broad market decline that pushed the S&P 500 below a key technical level.
FedEx Gains on $2.6B Consortium Bid for European Locker Network InPost
FedEx shares advanced 0.8% as the company disclosed a $2.6 billion stake in a group offer to acquire European parcel locker operator InPost. The deal requires 80% shareholder approval and regulatory clearance.
FedEx-Led Consortium Offers €7.8B for InPost, Shares Surge 14%
InPost shares jumped 14% after FedEx and a consortium of investors proposed a €7.8 billion acquisition at €15.60 per share, a 17% premium to Friday's close.
FedEx, Advent Lead €7.8 Billion Take-Private Deal for European Locker Giant InPost
A consortium led by Advent International and FedEx has agreed to acquire InPost for €15.60 per share in cash, a 50% premium, valuing the parcel locker operator at approximately €7.8 billion.