Fedex Corp Stock Price, News & Analysis

FedEx Express has partnered with EIT Climate-KIC and EIT Digital to fund four city projects aimed at decarbonizing urban transport, with a total funding of $240,000. The selected cities, Hackney (UK), Espoo (Finland), Olot (Spain), and Karasu (Turkey), will develop innovative mobility solutions focused on cycling and electric mobility. This initiative supports FedEx's goal of achieving carbon-neutral operations by 2040. According to Vinay d'Souza, the funding represents a commitment to sustainable transport beyond logistics, showcasing how local actions can contribute to broader climate objectives.

FedEx Corporation expresses its commitment to diversity and social equality, celebrating Black History Month by supporting community organizations that contribute to these goals. The message highlights the importance of a diverse workforce and the role it plays in shaping a future rooted in equality. FedEx aims to deliver not only packages but also a vision for a socially equitable future, emphasizing that this commitment extends beyond just one month of the year.

Gulf of Alaska Keeper (GoAK) initiates efforts to combat marine debris in Alaska, collaborating with PYXERA Global, CRDC, Dow, and FedEx. They are focusing on turning collected ocean trash into usable products like RESIN8, a material enhancing concrete and asphalt performance. The project aims to establish a local facility in Alaska, addressing challenges in waste management due to the region's remote nature and the lack of recycling facilities. The collaboration hopes to create a circular economy while leveraging FedEx's logistics through its FedEx Cares initiative.

FedEx Corp. will host its DRIVE investor event on April 5, 2023, starting at 8:30 a.m. ET. Key executives, including CEO Raj Subramaniam, CFO Mike Lenz, and EVP Sriram Krishnasamy, will detail the DRIVE program, updating stakeholders on the company's transformation progress. The event takes place at the New York Stock Exchange and is by invitation only due to capacity limitations. A live webcast will be available on the FedEx Investor Relations website, with an archived replay offered post-event, which is expected to conclude around 11:00 a.m. ET.

FedEx Corp. (NYSE: FDX) is responding to the catastrophic earthquakes in Southern Turkey and Northern Syria by committing over $1,000,000 in in-kind shipping donations. The company has chartered six flights from Dubai to Istanbul, delivering around 230 metric tonnes of essential relief supplies. In addition to shipping aid from the International Federation of Red Cross, FedEx has collaborated with other organizations, including the American Red Cross and GlobalMedic, to provide crucial support such as water purification units and kitchen supplies. FedEx's efforts are part of its FedEx Cares initiative, emphasizing its commitment to humanitarian aid.

The Board of Directors of FedEx Corp. (NYSE: FDX) has announced a quarterly cash dividend of $1.15 per share on its common stock. This dividend will be payable on April 3, 2023, to stockholders of record as of March 13, 2023. FedEx operates with an annual revenue of $94 billion, providing a variety of transportation, e-commerce, and business services globally. The company aims for carbon-neutral operations by 2040, reflecting its commitment to sustainability and ethical business practices.

FedEx celebrates Black History Month by reaffirming its commitment to diversity, equity, and inclusion, a legacy established by founder Fred Smith. The company highlights its support for community organizations like the National Urban League and NAACP, which empower African Americans through education and job training.

FedEx recently pledged $5 million to support HBCUs and aims to create systemic solutions for social and economic equity. The initiative underscores the company's goal to provide pathways to success and foster community voices. For more details, visit FedExCares.com.

FedEx (NYSE: FDX) has announced the launch of the second cohort of its FedEx-HBCU Student Ambassador Program, part of a five-year initiative aimed at supporting Historically Black Colleges and Universities (HBCUs). This program enhances students' skills through leadership training, mentorship, and career preparation activities, in collaboration with eight selected HBCUs. Participants will engage in various programs, including mock interviews and resume development, starting later this month. FedEx aims to strengthen its talent pipeline through this initiative, which underscores its commitment to diversity and community engagement.