Fedex Corp Stock Price, News & Analysis

FedEx (NYSE: FDX) has announced key leadership appointments for its upcoming independent FedEx Freight company, which is set to separate from FedEx Corp by June 2026. John A. Smith, current COO of U.S. and Canada operations, will serve as President and CEO of the new entity, while R. Brad Martin, current vice chairman of FedEx Corp's board, will become Chairman of the Board.

Smith brings over 30 years of industry experience, including 25 years with FedEx Freight and its predecessors. During his tenure as FedEx Freight's president and CEO from 2018 to 2021, he successfully grew revenue and operating income while managing pandemic challenges. The company has also appointed Tom Connolly as VP of LTL Sales to lead the expansion of FedEx Freight's dedicated less-than-truckload salesforce.

indiGOtech (GO) has secured a significant $54 million Series BB funding round from industry leaders including FedEx, Foxconn, and FM Capital. The Massachusetts-based mobility tech company is revolutionizing sustainable transport with its patented SmartWheels™ technology.

GO is launching two key vehicles: The DASH, a $20K EV with 90 cubic feet interior and 110-mile range, available Q4 2025; and the FLOW, featuring SmartWheels™ technology with 185 cubic feet space and 200+ mile range. Both vehicles target the ride-hail and delivery markets.

The company's strategy includes establishing GO Loop service hubs for EV maintenance and charging, while its recent acquisition of Clevon adds autonomous driving capabilities. Led by MIT entrepreneurs and CEO Will Graylin, GO has partnered with TD Cowen to secure Series C funding by year-end.

FedEx (FDX) reported third quarter results with diluted EPS of $3.76 and adjusted EPS of $4.51. The company completed $500 million in share repurchases during the quarter, finalizing its $2.5 billion fiscal 2025 repurchase plan.

The company revised its fiscal 2025 outlook, now expecting flat to slightly down revenue year-over-year, and adjusted EPS of $18.00 to $18.60, down from the previous forecast of $19.00 to $20.00. Capital spending forecast was reduced to $4.9 billion from $5.2 billion.

Operating results improved due to DRIVE program cost reduction benefits, higher base yield across transportation segments, and increased Federal Express volume. However, the company faces challenges from a weak U.S. industrial economy and uncertainty affecting B2B services. FedEx maintains $5.1 billion in cash and $2.6 billion available for future share repurchases.

FedEx (NYSE: FDX) announced the final results of its Exchange Offers and Consent Solicitations for senior notes, which expired on February 21, 2025. The company received tenders for $10.72 billion in USD Notes and €939.7 million in Euro Notes.

The exchange offers are part of FedEx's planned separation of its FedEx Freight business into a new publicly traded company. The settlement is expected on February 26, 2025. For each $1,000 or €1,000 of existing notes tendered by the Early Participation Date, eligible holders will receive $970 or €970 in new notes plus an early participation payment of $30 or €30 in new notes and $2.50 or €2.50 in cash.

The new notes will maintain the same interest rates, payment dates, maturity dates, and optional redemption provisions as the corresponding existing notes. The exchange offers received sufficient consents to implement amendments allowing for the release of FedEx Freight's guarantee upon separation.

FedEx (NYSE: FDX) has declared a quarterly cash dividend of $1.38 per share on its common stock. The dividend will be paid on April 1, 2025, to stockholders of record as of March 10, 2025. This dividend declaration aligns with FedEx's commitment to delivering stockholder value.

The company, which generates annual revenue of $87 billion, provides transportation, e-commerce, and business services worldwide through its global network. FedEx employs over 500,000 people and aims to achieve carbon-neutral operations by 2040.

FedEx (NYSE: FDX) has announced an extension of the expiration date for its exchange offers and consent solicitations for senior notes from February 6 to February 21, 2025. The exchange offers involve swapping existing notes for new notes, with different terms for various note series.

For most existing notes tendered before the Early Participation Date (January 22, 2025), eligible holders received $970 or €970 in principal amount of new notes plus an early participation payment of $30 or €30 in principal amount and $2.50 or €2.50 in cash.

As of the prior expiration date, FedEx has received the required consents to adopt proposed amendments for the majority of existing note series, with participation rates ranging from 52.56% to 85.21%. However, three note series (4.200% Notes due 2028, 4.250% Notes due 2030, and 1.300% Notes due 2031) did not receive sufficient consents.

FedEx (NYSE: FDX) has secured the No. 20 position on Fortune magazine's 'World's Most Admired Companies' list, marking its 25th consecutive year in the top 20. The company maintains its status as the highest-ranked delivery company on the overall list.

CEO Raj Subramaniam attributed this recognition to the dedication of FedEx's 500,000+ global team members in delivering outstanding experiences and innovative technology solutions for smarter supply chains.

The Fortune survey, conducted in collaboration with Korn Ferry, evaluated companies across nine attributes, including investment value, management quality, products, social responsibility, and talent attraction. The selection process involved analyzing 1,500 candidates, including the 1,000 largest U.S. companies by revenue and non-U.S. Global 500 companies with revenues exceeding $10 billion. The final pool consisted of 650 companies across 30 countries, with executives, directors, and analysts rating enterprises within their industries.

FedEx (FDX) has announced the early participation results of its exchange offers for outstanding senior notes and related consent solicitations. For notes tendered by the Early Participation Date (January 22, 2025), eligible holders will receive $970 principal amount of new notes plus an early participation payment of $30 principal amount and $2.50 in cash for each $1,000 of existing USD notes.

The company has received requisite consents for 15 series of Majority Existing Notes, with participation rates ranging from 51.98% to 69.26%. For these notes, FedEx will offer $1,000 principal amount of new notes for late tenders. For Non-Majority Existing Notes (7 series with participation rates between 27.38% and 49.07%), late tenders will receive the Total Consideration including the cash portion.

The exchange offers will expire on February 6, 2025, and are being conducted in connection with the planned separation of FedEx Freight business.

FedEx (FDX) has announced exchange offers for its outstanding senior notes in connection with the planned separation of its FedEx Freight business into a new publicly traded company. The separation is expected to be completed within 18 months and is intended to be tax-free for stockholders.

The exchange offers include multiple series of existing notes with varying interest rates and maturities, where holders can exchange their current notes for new notes with the same terms. Eligible holders who tender their notes by January 22, 2025, will receive additional compensation including cash payments.

The separation aims to enable more customized operational execution and tailored investment strategies for both the global parcel and less-than-truckload markets. FedEx does not intend to increase its leverage through this transaction, and both companies will maintain strategic cooperation on key commercial, operational, and technology initiatives.