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 Corp (FDX), a global leader in logistics and express shipping, provides critical updates through this dedicated news hub. Access official press releases, earnings reports, and strategic announcements that shape the company's trajectory in transportation and supply chain innovation.
This resource serves investors and professionals seeking authoritative information on FDX's operational developments, including new service launches, technology investments, and global network expansions. Discover timely updates on sustainability initiatives, regulatory compliance actions, and partnership announcements that demonstrate FedEx's industry leadership.
Content is organized to highlight material business events while maintaining compliance with financial disclosure standards. Users can expect coverage of quarterly financial results, executive leadership changes, and infrastructure modernization efforts that impact FedEx ecosystem.
Bookmark this page for streamlined access to FDX's evolving story. Combine these verified updates with market analysis tools for comprehensive investment research in the logistics sector.
FedEx Corp. (NYSE: FDX) reported a strong third-quarter performance for the fiscal year ending February 28, with revenue reaching $23.6 billion, up from $21.5 billion a year prior. Operating income surged 32% year-over-year to $1.33 billion, while net income was $1.1 billion, translating to a diluted EPS of $4.20. Despite challenges from the Omicron variant and rising transportation costs, the company expects earnings per diluted share between $18.60 and $19.60 for the fiscal year. FedEx aims for continued growth amidst improving labor availability and stable fuel prices.
FedEx Corp. (NYSE: FDX) has announced the retirement of CEO Donald F. Colleran, effective December 31, 2022, after nearly 40 years with the company. Richard W. Smith, regional president of the Americas, will succeed him as CEO of FedEx Express, transitioning roles on April 1, 2022, and officially taking over on September 1, 2022. Colleran is recognized for his significant contributions, especially in international growth during his tenure. Smith has been with FedEx since 2005, holding various leadership roles, and has been involved in key initiatives such as the electric vehicle strategy.
FedEx Corp. (NYSE: FDX) announces the appointment of Chris Winton as the new corporate vice president of human resources, succeeding Judy Edge, effective May 1, 2022. Winton, a 25-year FedEx veteran, aims to enhance recruitment and retention strategies, focusing on diversity, equity, and inclusion. Edge will support the transition as an executive advisor until her retirement on July 31, 2022. Chairman Frederick W. Smith expressed confidence in Winton's capabilities, citing his strategic approach to workforce challenges.
The Board of Directors of FedEx Corp. (NYSE: FDX) has declared a quarterly cash dividend of
FedEx delivered the Vince Lombardi Trophy to the Super Bowl Experience in Los Angeles using its all-electric delivery vehicle, marking a significant milestone in its commitment to sustainability. This event, which took place during Super Bowl LVI, highlighted FedEx's goal of achieving carbon-neutral operations by 2040. Real-time monitoring of the trophy was conducted using FedEx's SenseAware technology, ensuring its safe transport. Fans can view the trophy during the week leading up to the game, culminating in the award presentation on February 13, 2022.
FedEx (NYSE: FDX) has launched the FedEx-HBCU Student Ambassador Program, aimed at preparing students from eight Historically Black Colleges and Universities (HBCUs) for leadership roles in various sectors. The program will commence in March and includes virtual and hybrid meetings, providing participants with access to executives and resources to enhance career readiness. This initiative aligns with FedEx's five-year commitment to HBCUs and emphasizes building a diverse talent pipeline.
FedEx and Microsoft announced an innovative logistics as a service solution aimed at enhancing merchant competitiveness in e-commerce. Through this collaboration, the companies will integrate FedEx's network intelligence with Microsoft Dynamics 365, enabling better customer engagement and efficient shipping. This solution allows brands to utilize data insights for improved order fulfillment, near real-time delivery status, and frictionless returns. Expected availability in the U.S. is set for the second half of 2022, capitalizing on e-commerce growth projected at 110 million packages daily by 2022.
FedEx Corp. (NYSE: FDX) announced an accelerated share repurchase agreement (ASR) with Goldman Sachs to buy back $1.5 billion of its common stock. Initially, approximately 4.8 million shares will be delivered based on current market prices. The final share count will depend on market conditions. The ASR is expected to be completed before the end of the current fiscal year, with ongoing repurchases in the open market possible. FedEx operates with annual revenues of $90 billion, providing a diverse portfolio of transportation and business services.
FedEx Corp. (NYSE: FDX) has received five electric Light Commercial Vehicles (eLCVs) from General Motors' BrightDrop, part of an order of 500. This marks a significant milestone in FedEx's mission to achieve carbon neutrality in global operations by 2040. FedEx plans for 50% of its global pickup and delivery vehicle purchases to be electric by 2025, increasing to 100% by 2030. The EV600 vehicles have an estimated range of 250 miles and over 600 cubic feet of cargo space. FedEx is also building charging infrastructure to support this transition.
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