Fedex Corp Stock Price, News & Analysis

FedEx highlights its partnership with the Yale Center for Natural Carbon Capture (YCNCC) and their research on enhanced rock weathering (ERW) as a carbon capture solution. The YCNCC is studying the application of finely ground basalt to croplands to understand its impact on soil health and carbon sequestration. The U.S. Midwest alone could potentially sequester 1.5-2 million tons of CO2 annually through ERW.

The initiative, supported by FedEx's $100 million commitment in 2021, aligns with the company's goal to achieve carbon neutral operations by 2040. ERW offers multiple benefits, including improved soil pH, increased crop yields, reduced fertilizer dependence, and potential revenue from carbon credits for agricultural landowners.

FedEx celebrates the 20th anniversary of its Trees for Troops program in partnership with the Christmas SPIRIT Foundation. Over the past two decades, the initiative has delivered more than 300,000 Christmas trees to military families across the U.S. This year, the program will distribute over 15,000 trees to 93 military bases. Since 2005, FedEx drivers have logged more than a million miles transporting these trees, which are donated by tree farms and garden centers nationwide. The program, which began with 4,300 trees delivered to 5 bases in its first year, now marks a significant milestone in supporting military families during the holiday season. Each tree comes with handwritten messages of gratitude, with recent deliveries including a special ceremony at Ft. Campbell, Kentucky, on December 7.

Durga Das, a former professional sportswoman and entrepreneur, is highlighted as part of the Vital Voices Global Fellowship's VV Venture Program, supported by FedEx. As founder of Aeronero, Das is revolutionizing the water industry through air water generation (AWG) solutions.

Aeronero's achievements include:

• Delivered 270+ water solutions
• Impacted 4 million lives
• Generated 12 million liters of water
• Saved 50 million liters of water

Das also established WODER charity in the UK, addressing water scarcity in refugee camps. Her initiative 'Windependence' empowers women through water production and distribution. Aeronero recently won the 'Best Innovator' award at the World Health Assembly and was included in the 2024 MB100 global awards list.

FedEx commemorates Giving Tuesday by recognizing the vital role of nonprofits in communities. The company acknowledges organizations that provide crisis support, assist small businesses, promote climate solutions, and address local community needs. FedEx also recognizes its employees' contributions through volunteering and community support initiatives. The announcement references FedEx Cares, the company's global community engagement program, which serves as a platform for these charitable efforts.

FedEx has been recognized as a 2024 'Top Company for Women to Work in Transportation' by Redefining the Road magazine, the official publication of Women In Trucking Association (WIT). The company made WIT's 'Elite 30' list, which highlights organizations receiving the highest industry-wide votes. Selection criteria included corporate cultures fostering gender diversity, competitive compensation, flexible work arrangements, and professional development opportunities. FedEx was acknowledged for its commitment to supporting women across various roles, from drivers to leadership positions, through DEI&O programs and merit-based hiring policies.

FedEx (NYSE: FDX) has declared a quarterly cash dividend of $1.38 per share on its common stock. The dividend will be paid on January 3, 2025, to stockholders of record as of December 9, 2024. The company, which generates annual revenue of $88 billion, employs over 500,000 people and provides transportation, e-commerce, and business services worldwide through its global network. FedEx aims to achieve carbon-neutral operations by 2040.

FedEx released its annual economic impact report for FY2024, demonstrating significant global economic contributions. The company delivered $85 billion in direct impact and $39 billion in indirect impact to the global economy, representing approximately 0.1% of world's total net economic output. With operations in over 220 countries, FedEx employs more than 500,000 people across 5,000+ facilities and handles an average of 16 million packages daily. In the US, FedEx contributed 6.7% to the Transportation and Warehousing sector and indirectly added $8.1 billion to net output. The company continued network optimization, expanded its EV fleet, and invested in facility improvements including new hubs in Dubai and Memphis.

FedEx (NYSE: FDX) successfully completed its first-ever roundtrip panda deliveries this week, transporting six giant pandas between the United States and China. The FedEx Panda Express, a Boeing 777-F, departed Atlanta on October 12, delivering four pandas to Chengdu, and returned to Washington, D.C. on October 15 with two pandas.

The pandas transported to China included Lun Lun, Yang Yang, and their twin offspring Ya Lun and Xi Lun from Zoo Atlanta. The return flight brought two-year-old pandas Bao Li and Qing Bao to the Smithsonian's National Zoo and Conservation Biology Institute. FedEx donated the transportation cost as part of its corporate social responsibility and environmental conservation efforts.

This mission marks FedEx's ongoing commitment to giant panda conservation, having transported 22 pandas to and from China since 2000. The company's COO, Richard W. Smith, emphasized the significance of this first roundtrip move and FedEx's pride in delivering this precious cargo.

FedEx welcomed a diverse group of 20 interns from various universities across the US this summer. The internship program, designed to provide a comprehensive view of a Fortune 50 company, offered hands-on experience in branding, media relations, and strategic marketing. Interns worked on meaningful projects including website improvements, newsletters, pricing strategies, and social media development.

The program, led by Randi Taylor, featured networking events with FedEx executives, visits to local attractions, and community service through FedEx Cares. Interns also toured the FedEx World Hub to gain firsthand insight into company operations. This program demonstrates FedEx's commitment to nurturing talent and providing unique career preparation experiences.