Fedex Corp Stock Price, News & Analysis

On April 7, 2021, FedEx Office announced a donation of $100,000 in printing services to Future Ready Schools, targeting educational support for students affected by COVID-19. Each of the 10 selected school districts will receive $10,000 in printing solutions tailored to their needs, which may include COVID-19 signage, informational packets, and motivational materials. FedEx Office aims to enhance learning continuity and safety across educational institutions. The initiative aligns with their commitment to community support amid ongoing challenges in education.

FedEx Corp. (NYSE: FDX) reported Q3 fiscal 2021 results, showing revenue of $21.5 billion, up from $17.5 billion in Q3 2020. Operating income reached $1.01 billion with a margin of 4.7%, compared to 2.4% last year. Net income was $892 million, up from $315 million, with a diluted EPS of $3.30. Severe winter weather negatively impacted operations by $350 million. For FY 2021, FedEx forecasts diluted EPS between $16.80 and $17.40, anticipating strong demand driven by e-commerce. Capital spending is projected at $5.7 billion.

FedEx Corp. (NYSE: FDX) has announced a target to achieve carbon-neutral operations globally by 2040. To support this initiative, the company is investing over $2 billion in key areas such as vehicle electrification, sustainable energy, and carbon sequestration. This includes a $100 million pledge to Yale University for the Yale Center for Natural Carbon Capture. FedEx aims to transition its parcel pickup and delivery fleet to zero-emission electric vehicles by 2040, as well as implementing sustainable solutions for its operations.

FedEx Express has commenced shipping the newly approved COVID-19 vaccine on behalf of McKesson Corp. across the U.S. The company has already distributed millions of vaccines since mid-December 2020 and expects significant growth in volume as production ramps up. FedEx's network has efficiently handled vaccine delivery with an average time of less than 20 hours. The company also supports military vaccine deliveries overseas and collaborates with Canada on distribution. FedEx utilizes advanced tracking technology to ensure safe transit for temperature-sensitive packages.

FedEx today announced the launch of its ninth annual Small Business Grant Contest, offering over $250,000 in grants and services to 12 U.S.-based small businesses. The top prize includes $50,000 and additional services, with all finalists receiving financial coaching and access to mentorship. The contest, open to small businesses with 1-99 employees, runs from February 16 to March 9, 2021, culminating in winner announcements on May 10, 2021. FedEx aims to support small businesses, especially following challenges posed by the pandemic, helping them grow and succeed.

FedEx Corp. (NYSE: FDX) has declared a quarterly cash dividend of $0.65 per share, scheduled for payment on April 1, 2021, to shareholders on record as of March 8, 2021. With an annual revenue of $75 billion, FedEx provides a wide range of transportation, e-commerce, and business services globally, emphasizing safety and ethical standards among its nearly 600,000 employees.

FedEx Corp. (NYSE: FDX) has committed $5 million to four Historically Black Colleges and Universities (HBCUs) in Mississippi and Tennessee. This initiative aims to enhance education and job readiness for students at Tennessee State University, Jackson State University, Mississippi Valley State University, and LeMoyne-Owen College. A portion of the funding will assist those affected by COVID-19. This pledge reflects FedEx's ongoing efforts to promote equity and opportunity in the Black community through education and economic support.

FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX), has been awarded the 2020 Malaysia Customer Value Leadership Award by Frost & Sullivan. This recognition highlights FedEx's ability to leverage its vast global network and advanced technologies to meet customer demands in the Malaysian express international courier market. FedEx Malaysia boasts over 17 branches and employs over 1,400 staff, connecting customers to delivery services worldwide. The company utilizes innovations like robotic process automation and strategic partnerships to enhance service accessibility, particularly for eCommerce customers.

FedEx has delivered the Vince Lombardi Trophy to Tampa Bay for Super Bowl LV, marking over 20 years of service as the NFL's Official Delivery Service Sponsor. The trophy was transported from NFL Headquarters in New York, through Memphis, and onto the Tampa Riverwalk, where it will be showcased at the Super Bowl Experience until it is awarded on February 7. The delivery underscores FedEx's commitment to reliability, with over 600,000 team members handling more than a billion deliveries annually. FedEx SenseAware technology ensured real-time monitoring of the trophy's journey.