Fedex Corp Stock Price, News & Analysis

FedEx Express has successfully delivered 1.35 million COVID-19 vaccine doses to Toluca, Mexico, marking its first shipment in collaboration with Direct Relief and the U.S. and Mexican governments. The delivery is part of FedEx's extensive efforts in the vaccine supply chain, with over 13,000 related charitable shipments made since January 2020. FedEx has committed $4 million in support for various nonprofits and has moved over 90 kilotons of personal protective equipment globally. This initiative aligns with FedEx's goal to positively impact 50 million people by its 50th anniversary in 2023.

FedEx Corp. (NYSE: FDX) declared a quarterly cash dividend of $0.75 per share, marking a $0.10 increase from the previous dividend. This dividend will be payable on July 12, 2021 to stockholders on record as of June 28, 2021. CFO Michael C. Lenz affirmed the company's commitment to enhance shareholder value while strategically investing in future growth. FedEx reported annual revenues of $79 billion and remains focused on achieving carbon-neutral operations by 2040, reflecting its dedication to responsible and sustainable business practices.

FedEx has launched the FedEx E-Commerce Learning Lab in collaboration with Accion Opportunity Fund to support diverse small business owners, particularly women and entrepreneurs of color, in enhancing their e-commerce capabilities post-COVID-19. The program will involve 150 participants and offer hands-on workshops, coaching, and a $2,000 grant to assist in establishing online stores. It aims to bridge the gap for those adversely affected by the pandemic, focusing on harnessing the surge in online shopping, which saw a 33% increase in 2020.

FedEx Corp. (NYSE: FDX) has announced Equine Amnio Solutions as the grand prize winner of the 2021 FedEx Small Business Grant Contest, awarding them a $50,000 grant and $7,500 in FedEx Office services. The funds will support EAS's mission to enhance the health of horses and develop a new product for canines. Second place went to KC Cattle Company, receiving a $30,000 grant. Over 8,300 entries were submitted this year, with more than $1.3 million awarded since the contest's inception.

FedEx Express is intensifying its efforts to deliver vital medical supplies amid a surge of COVID-19 cases in India. The company is facilitating the transportation of over 25,000 oxygen concentrators through collaborations with organizations like the U.S.-India Strategic Partnership Forum. Recently, FedEx loaded a charter flight to transport over 3,400 oxygen units and KN95 masks from New Jersey to Mumbai. The company reports having supported over 10,000 humanitarian aid shipments since January 2020 and committed $4 million to aid vaccine distribution globally.

FedEx Corp. (NYSE: FDX) has secured a three-year sponsorship deal with UEFA, which includes rights to the UEFA Champions League, UEFA Super Cup, UEFA Youth League finals, and UEFA eChampions League. This partnership builds on FedEx's existing relationship with UEFA, having sponsored the UEFA Europa League since 2015. The initiative aims to enhance brand visibility and community engagement, leveraging sports to connect with audiences. FedEx's commitment to social responsibility remains strong, continuing collaborations with the UEFA Foundation for Children to create positive community impacts.

FedEx Corp. (NYSE: FDX) has completed offerings totaling $1.75 billion in USD-denominated notes and €1.25 billion in euro-denominated notes. The proceeds will help redeem $5.8 billion of existing debt, reducing its debt obligations by $2.6 billion, or 11%. This move will eliminate near-term debt maturities through fiscal 2025 and enhance liquidity. Notably, the offerings include an eight-year €600M sustainability bond, marking a significant milestone as the first sustainability bond issued by a North American transportation and logistics company.

Adobe and FedEx have announced a multi-year collaboration to integrate ShopRunner with Adobe Commerce. This partnership aims to enhance e-commerce capabilities as online shopping surged 42% in the U.S. Brands can offer free two-day shipping and easy returns, leveraging FedEx logistics intelligence to improve customer insights and reduce costs. The integration supports a projected trillion-dollar e-commerce year in 2022. Merchants can download the FedEx extension from Magento Marketplace in late 2021, aiming to boost customer loyalty and operational efficiency.

FedEx Corp. (NYSE: FDX) announced the redemption of multiple outstanding notes totaling approximately $3.5 billion. This includes $500 million in 3.400% notes due 2022, €640 million in 0.700% notes due 2022, and $1 billion in 3.800% notes due 2025, among others. The redemptions are set to occur between April 30 and May 20, 2021, with specific prices calculated based on present values. FedEx will also pay all accrued interest up to the redemption dates. These actions support the company's financial strategy and enhance its capital structure.