Welcome to our dedicated page for Fedex news (Ticker: FDX), a resource for investors and traders seeking the latest updates and insights on Fedex stock.
FedEx Corporation (NYSE: FDX) generates a steady flow of news that reflects its role in global transportation, e‑commerce, and business services. On this page, readers can follow FDX news related to earnings, strategic transformation, capital markets activity, and operational developments across its worldwide network.
Recent FedEx news releases have highlighted year‑over‑year earnings growth, revised revenue and earnings outlooks, and updates on structural cost reduction initiatives tied to programs such as Network 2.0 and DRIVE. The company has reported on its plans to spin off FedEx Freight into a separate publicly traded company, including progress on regulatory filings, credit agreement amendments, and the build‑out of the FedEx Freight leadership team ahead of the separation.
Investors can also see announcements about dividends declared by the FedEx Board of Directors, share repurchase activity, and debt offerings or exchange offers for various series of notes listed on the New York Stock Exchange. These items provide insight into FedEx’s capital allocation priorities, balance sheet management, and financing strategy.
Beyond financial and corporate actions, FedEx news covers digital and data initiatives, such as the appointment of a chief digital and information officer and the expansion of FedEx Dataworks. Releases describe collaborations that combine FedEx network data with AI platforms to improve supply chain workflows and procurement decisions. Other stories showcase the company’s economic impact, sustainability efforts, and community partnerships, including its long‑standing support for Orbis International’s Flying Eye Hospital.
By reviewing the FDX news stream, readers can track how FedEx manages its global network, advances its transformation programs, and communicates with stockholders and customers. This page offers a centralized view of official company announcements, making it easier to monitor key developments affecting FedEx Corporation and its stock.
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.
FedEx Corp. announced that CEO Raj Subramaniam and CFO Michael C. Lenz will speak at Citi's 2023 Global Industrial Tech and Mobility Conference in Miami, Florida, on Tuesday, February 21, 2023, at 12:10 pm ET. The event will be available via live webcast on FedEx's Investor Relations website, with an archived replay accessible afterward. FedEx provides a wide range of transportation and e-commerce services, generating annual revenue of $94 billion. The company is focused on achieving carbon-neutral operations by 2040 and maintains a reputation as a trusted employer.
FedEx Corp. (NYSE:FDX) has announced its 11th annual Small Business Grant Contest, offering over $330,000 in grants and services to ten U.S.-based small businesses. The entry period runs from January 31 to February 21, 2023, with 100 finalists to be selected for additional prizes. Winners will be announced on May 11, 2023. Each grand prize winner will receive $30,000, additional consulting services, and access to mentorship. The contest recently attracted 18,000 entrants in 2022, with over $1.6 million awarded since its inception.
FedEx Express has expanded its electric cart delivery pilot in New York City, introducing BrightDrop e-carts in five locations including Midtown and Brooklyn Heights. This initiative aims to enhance delivery efficiency during the holiday season, featuring routes covering over seven walking miles. Initial tests revealed increased total stops and stops per hour with e-carts, which may help reduce vehicle congestion. FedEx is committed to achieving carbon-neutral operations globally by 2040, and this rollout aligns with its goal of adopting innovative last-mile solutions.
FedEx Corporation has reinforced its commitment to supporting female entrepreneurs through the Women's Business Enterprise National Council (WBENC) Collegiate Accelerator program. This program offers collegiate female founders and recent graduates essential skills to scale their businesses, focusing on growth, marketing, business strategy, and leadership. Participants receive mentorship from accomplished women-led businesses and compete for seed capital grants. FedEx, a leader in integrated transportation and e-commerce services with an annual revenue of $92 billion, aims for carbon-neutral operations by 2040, underscoring its dedication to responsible business practices.
FedEx emphasizes its commitment to safety with a detailed overview of safety strategies, metrics, and innovative technologies. In FY21, the lost time-injury rate rose by 18.6% to 3.99. Team member feedback through initiatives like the Aviation Safety Culture Survey drives safety improvements globally. The launch of the Live Safe mobile app enhances safety reporting, while the Stay Sharp program recognizes employee safety engagement. Vehicle safety technologies have led to significant reductions in accidents. FedEx adapts during COVID-19, implementing robust measures to protect employees and maintain operations. For more details, refer to their 2022 ESG Report.
FedEx Corp. has launched its 11th annual Small Business Grant Contest, set to award over $330,000 to ten U.S.-based small businesses. The entry window opens January 31, 2023, and closes February 21, 2023. The ten grand prize winners will be announced on May 11, 2023.
Each winner will receive $30,000, along with additional prizes, including a $1,000 FedEx Office print credit and mentorship sessions. This year introduces the People’s Choice Awards, allowing public voting for additional daily cash prizes. The contest has previously attracted nearly 18,000 entrants and distributed over $1.6 million in cash and prizes since its inception.
FedEx invests in advancing economic opportunity for women through the GROW Fellowship, a multi-year program supporting female founders globally. Post-program reports indicate:
- Average sales growth of 11%
- 60% increased employment
- 81% boost in confidence
- 96% engaged in pay-it-forward initiatives
FedEx also participated in Global Entrepreneurship Week, promoting sustainable entrepreneurship. The company's support for the JA International Trade Challenge engaged over 150 volunteers and 3.4 million participants, enhancing connections for young entrepreneurs during the pandemic.