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.
FedEx Corporation (NYSE: FDX) has nominated retired Vice Admiral Nancy A. Norton and Stephen E. Gorman for election to its Board of Directors at the Annual Meeting on September 19, 2022. Norton has extensive experience in cybersecurity, having led critical initiatives for the Department of Defense. Gorman, a former CEO in the air medical sector, brings significant executive leadership experience. If elected, Norton will join the Cyber and Technology Oversight Committee, while Gorman will serve on the Governance and Cyber committees. Thirteen current board members are also up for reelection.
FedEx Corp. (NYSE: FDX) has unveiled its strategic roadmap during an investor meeting aimed at enhancing value for customers and shareholders. The company targets to increase adjusted consolidated operating income by $3.0–$4.5 billion by fiscal 2025 compared to fiscal 2022. Key projections include a 14–19% CAGR for adjusted EPS and 18–22% annualized total shareholder return (TSR). FedEx plans to maintain a capital expenditure to revenue ratio of 6.5% or lower, while continuing to focus on profitable growth and operational efficiency.
FedEx Corp. (NYSE: FDX) partnered with Direct Relief to deliver 52 tons of medical aid to Poland for Ukrainian support on June 26. This flight is part of a series of humanitarian efforts since the Ukraine crisis began, with over 750 tons of aid delivered to date. FedEx's charitable contributions amount to more than $2.3 million, including $1 million for shipping. The initiative addresses severe health service impacts in Ukraine, as stated by Direct Relief’s CEO, highlighting FedEx's commitment to humanitarian missions in challenging circumstances.
FedEx Corp. reported its fiscal 2022 consolidated results, showing revenue of $93.5 billion, an increase from $84.0 billion in fiscal 2021. However, operating income fell to $6.25 billion from $5.86 billion, reflecting a lower operating margin of 6.7%. Net income declined to $3.83 billion compared to $5.23 billion the previous year, leading to diluted EPS of $14.33. The company anticipates earnings per diluted share between $22.45 and $24.45 for fiscal 2023. FedEx also plans to invest $6.8 billion in capital spending, aimed at improving operational efficiency.
FedEx Corp. (NYSE: FDX) has announced the launch of Picture Proof of Delivery, enhancing its e-commerce services for residential deliveries in the U.S. and Canada. This service allows customers to receive a photo confirming the package's delivery location without needing an account. It aims to provide peace of mind for both merchants and consumers, especially benefitting e-commerce retailers. The service will be available soon to FedEx Delivery Manager users, with a broader rollout planned for the holiday shipping season.
FedEx has announced a strategic investment in FourKites to advance global supply chain visibility through a new platform called FourKites X.
FourKites’ system currently supports 2.5 million shipments daily, integrating insights from FedEx's extensive network, which operates over 16.5 million shipments globally.
The collaboration aims to offer enhanced reliability, data-driven insights, and improved supply chain efficiency for large shippers and logistics providers, addressing challenges posed by global disruptions.
FedEx Corp. (NYSE: FDX) has received its first 150 BrightDrop Zevo 600 electric delivery vans, marking one of the largest deployments of commercial electric vans in the U.S. to date. This delivery supports FedEx’s ambition to transition to an all-electric fleet by 2040. The Zevo 600 can travel up to 250 miles per charge, and FedEx plans to incorporate a total of 2,500 vehicles over the coming years. The company is also investing in charging infrastructure to support this transition to sustainable operations.
FedEx Corp. (NYSE: FDX) has promoted Brie Carere to the newly created position of Chief Customer Officer and co-President/co-CEO of FedEx Services. This change aims to enhance the customer experience by aligning strategy, sales, and marketing under one leadership. Carere, who has extensive experience in marketing since joining FedEx in 2001, will focus on innovative, end-to-end customer solutions. FedEx, with an annual revenue of $92 billion, emphasizes a customer-centric approach and aims for carbon-neutral operations by 2040.
FedEx Corporation (NYSE: FDX) announced significant corporate advancements aimed at enhancing shareholder value. The Board of Directors declared a quarterly dividend of $1.15 per share, a notable increase of 53% from the previous dividend of $0.75, effective July 11, 2022. Additionally, they revamped the executive compensation program by adding a total shareholder return (TSR) metric to ensure management accountability. The company appointed Amy B. Lane and Jim Vena as independent directors in alignment with a cooperation agreement with the D. E. Shaw group, further bolstering governance and oversight.
Aurora Innovation and FedEx have expanded their collaboration by launching a new commercial route in Texas, now autonomously transporting shipments from Fort Worth to El Paso. This extension of their pilot program, started in September 2021, showcases the efficiency of Aurora's autonomous trucks, which have delivered 100% of shipments on time. With 60,000 miles completed and zero safety incidents, Aurora aims to increase trip frequency while addressing industry challenges like labor shortages and demand for quick deliveries.
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