Fuel prices are so much higher than expected with “little justification” that officials at shipping company FedEx Corp. said yesterday their earnings guidance for the upcoming quarter could be too high or too low, depending on what happens next. More: continued here
Read More »FedEx beats 3Q estimate, warns of slowdown (Pittsburgh Post-Gazette)
Shipping giant FedEx Corp. beat analysts’ estimates for its third quarter performance but said a slowdown in the economy and high fuel prices could mean a weaker fourth quarter performance than Wall Street was expecting. More: continued here
Read More »FedEx tractor trailer collides with car in Alabama; 4 teens killed (WMCTV Memphis)
Four teens were killed Friday in a collision involving a FedEx Freight tractor-trailer and a Pontiac convertible driving in reverse on Interstate 459. More: continued here
Read More »Collision of FedEx truck, convertible leaves 4 dead (WVLT-TV Knoxville)
Four people have been killed in a collision involving a FedEx tractor-trailer and a convertible on Interstate 459 near Birmingham. More: continued here
Read More »Home delivery remains a strong point in a gloomy earnings report from FedEx (InternetRetailer.com)
FedEx Corp., one of the major delivery services for online retailers, reported continued strong growth in its home delivery service for its fiscal third quarter, which ended Feb. 29. But it was a rare bright spot in a report that blamed lower earnings on a weakening economy and higher fuel …
Read More »FedEx Blames Economy, Pricey Fuel as Profits Dip (NPR)
FedEx saw its profits dip last quarter. The overnight shipping company warns that the year ahead may be more of the same as it feels the pinch of an economic slowdown and high gasoline prices. More: continued here
Read More »FEDEX NET SLIDES 6% (New York Post)
FedEx Corp. said profit fell for the second-straight quarter and would decline in the current period as soaring fuel costs and an economy teetering on the brink of recession reduced demand for US package shipping. Net income in the third quarter… More: continued here
Read More »FedEx’s quarterly profit down 6% (Louisville Courier-Journal)
UPS rival FedEx reported a 6 percent decline in quarterly profits yesterday, saying a slow economy and high fuel prices are expected to continue cutting into profits. More: continued here
Read More »FedEx Corp. net income drops on higher revenues (BizJournals)
FedEx Corp.’s net income fell 6 percent in its third quarter ended Feb. 29 due to what CEO Fred Smith called a “challenging economy.” (FDX) More: continued here
Read More »FedEx Earnings Outlook Glum (The Memphis Daily News)
FedEx Corp. reported a 6 percent drop in third-quarter earnings Thursday because of high oil prices and a slow U.S. economy, and indicated it would…. More: continued here
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