FedEx has reacted angrily to the decision by the US House of Representatives to approve the FAA Reauthorization Bill of 2009, claiming it would reduce competition in the express sector if it becomes law, according to the International Freighting Weekly (IFW). More: continued here
Read More »American Realty Capital buying FedEx Freight facility (BizJournals)
American Realty Capital Trust Inc. is buying a one-year-old FedEx Freight facility from PinPoint Commercial LP for approximately $30.9 million. More: continued here
Read More »American Realty Capital buying FedEx Freight facility (Memphis Business Journal)
American Realty Capital Trust Inc. is buying a one-year-old FedEx Freight facility in Houston from PinPoint Commercial LP for approximately $30.9 million. More: continued here
Read More »FedEx expects to take $1.2B in fiscal 4Q charges (San Francisco Chronicle)
FedEx says it will book a total of $1.2 billion in charges in its fiscal fourth quarter as writedowns on the value of two acquisitions ended up being bigger than originally anticipated. The Memphis, Tenn.-based package delivery company said Wednesday it will… Presented By: You Need the Speed of Norton …
Read More »(AFX UK Focus) 2009-06-03 22:31 UPDATE 1-FedEx to take Q4 $900mln charge as recession bites (Interactive Investor)
CHICAGO, June 3 (Reuters) – FedEx Corp said on Wednesday that it would record a fourth-quarter impairment charge of $900 million related to two acquisitions that have been hit by weak economic conditions. The majority of the charge is related to Kinko’s, which FedEx bought in 2004 and has been …
Read More »Young Mother Killed in Quadruple Shooting Near FedEx Field (Washington Post)
A teenage mother was killed and three other young adults were wounded in Prince George’s County late last night when gunfire broke out on the street in a townhouse community near FedEx Field, authorities said. More: continued here
Read More »FedEx expects to take $1.2B in fiscal 4Q charges (KJCT 8 Grand Junction)
NEW YORK (AP) – FedEx says it will book a total of $1.2 billion in charges in its fiscal fourth quarter as writedowns on the value of 2 acquisitions ended up being bigger than originally anticipated. More: continued here
Read More »FedEx expects to take $1.2B in fiscal 4Q charges (FOX 12 Idaho)
Associated Press – June 3, 2009 5:03 PM ET NEW YORK (AP) – FedEx says it will book a total of $1.2 billion in charges in its fiscal fourth quarter as writedowns on the value of 2 acquisitions… More: continued here
Read More »American Realty Capital buying Houston FedEx Freight facility (Philadelphia Business Journal)
American Realty Capital Trust Inc. is buying a one-year-old FedEx Freight facility from PinPoint Commercial LP in Houston for approximately $30.9 million. More: continued here
Read More »American Realty Capital Trust to Acquire FedEx Freight Facility in Houston, Texas (Business Wire via Yahoo! Finance)
NEW YORK—-American Realty Capital Trust, Inc. anticipates acquiring by June 15, 2009, a newly constructed freight facility entirely net leased to FedEx Freight and guaranteed by FedEx Corporation . More: continued here
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