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FedEx Corp. engages in the provision of a portfolio of transportation, e-commerce, and business services. It operates through the following segments: FedEx Express, TNT Express, FedEx Ground, FedEx Freight, FedEx Services, and Other. Read More The FedEx Express segment consists of domestic and international shipping services for delivery of packages, and freight. The TNT Express segment comprises of international express transportation, small-packaging ground delivery, and freight transportation. The FedEx Ground segment focuses on small-package ground delivery services, and day-certain service to any business address in the United States, and Canada. The FedEx Freight segment offers less-than-truckload freight services across all lengths of haul. The FedEx Services segment provides sales, marketing, information technology, communications, customer service, technical support, billing and collection services, and certain back-office functions. The company was founded by Frederick Wallace Smith on June 18, 1971 and is headquartered in Memphis, TN.
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Citigroup Inc., FedEx Corporation - Supreme Court Declines To Hear Appeal Challenging USPS Parcel Cost Structure
The U.S. Supreme Court on Monday declined an appeal by UPS Inc. (NYSE: UPS) of a lower court ruling that effectively validated how the U.S. Postal Service (USPS) is allowed to price its parcel products and services. The Supreme Court's ruling, which was issued without comment, upholds a decision by the U.S. Court of Appeals for the District of Columbia Circuit. The appellate court sided with the interpretation of the Postal Regulatory Commission (PRC), an independent agency that approves, rejects and modif...
Yahoo FinanceMay 20
FedEx Dips More Than Broader Markets: What You Should Know
In the latest trading session, FedEx (FDX) closed at $168.21, marking a -1.01% move from the previous day. This change lagged the S&P 500's daily loss of 0.68%. At the same time, the Dow lost 0.33%, and the tech-heavy Nasdaq lost 1.46%. Heading into today, shares of the package delivery company had lost 14.25% over the past month, lagging the Transportation sector's loss of 4.14% and the S&P 500's loss of 1.19% in that time. Investors will be hoping for strength from FDX as it approaches its next earnings...
FedEx’s Troubles Are Far From Over, Analyst Says
Text size FedEx ’s latest quarterly results were a disappointment to shareholders. It could happen again: Morgan Stanley sees a host of continuing challenges for the logistics company, which reports earnings again in late June. The back story. When the market was falling apart at the end of 2018, few stocks were safe, but FedEx (ticker: FDX) had more to worry about. Shareholders were unhappy that the company reduced its full-year guidance to below what Wall Street expected—and were sadder still when manag...
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