Fedex Corp Stock Price, News & Analysis

FedEx Corp. (NYSE: FDX) has declared a quarterly cash dividend of $0.75 per share, payable on October 1, 2021, to stockholders of record by the close of business on September 3, 2021. With annual revenue reaching $84 billion, FedEx offers a wide range of transportation, e-commerce, and business services globally. The company aims for carbon-neutral operations by 2040, showcasing its commitment to sustainability while continuously inspiring its 570,000 team members to adhere to high ethical standards and customer focus.

Natixis has provided $51.5 million in floating-rate financing to SomeraRoad Inc. for refinancing a 193,836 square foot Class-A office building at 145 Lt. George W Lee Avenue, Memphis. This office serves as the new global headquarters for FedEx Logistics, a division of FedEx Corporation (NYSE: FDX). SomeraRoad has made over $1.5 billion in acquisitions and currently holds $600 million of equity across 18 million square feet of commercial real estate.

FedEx Office has partnered with Accenture and River Logic to enhance its print production and delivery network using advanced digital technologies. This collaboration aims to streamline customer experience and improve operational efficiency. By creating a 'digital twin' of its operations, FedEx Office can visualize various scenarios and optimize performance across its nearly 2,200 retail locations and 18 commercial print facilities. This initiative underscores FedEx Office's commitment to meeting evolving customer needs and driving overall business improvement.

FedEx Corp. reported strong financial results for the quarter and fiscal year ending May 31. In Q4, revenue reached $22.6 billion and net income was $1.87 billion. The fiscal year saw revenue hit $84 billion and net income of $5.23 billion. Despite this, operating income decreased to $1.80 billion and operating margin declined to 8.0%. The company forecasts FY2022 earnings per diluted share between $18.90 and $19.90. Strategic investments focus on e-commerce and operational excellence.

FedEx Corp. (NYSE: FDX) and Nuro have partnered in a multi-year agreement to test Nuro's autonomous delivery vehicles in FedEx operations. This collaboration includes a pilot program launched in Houston, aiming to enhance parcel logistics and explore various delivery options. FedEx's commitment to innovation is highlighted as the company seeks to improve efficiency and safety for its workforce. Nuro, with nearly five years of self-driving tech experience, aims to expand into parcel logistics, marking a significant step in its growth.

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.