FedEx Corp., United Parcel Service Inc.’s largest competitor, will increase rates at FedEx Freight and FedEx National LTL by 5.48 percent effective Jan. 14. (FDX) More: continued here
Read More »FedEx announces rate increase for freight shipments (WVLT-TV Knoxville)
FedEx Corp. today announced a general rate increase of 5.5 percent for its freight trucking division to take effect Jan. 14. More: continued here
Read More »FedEx Estimates Get Cut (Zacks.com via Yahoo! Finance)
We are maintaining our Hold on FedEx Corporation, but reducing our target price to $100. More: continued here
Read More »IRS orders FedEx to pay back taxes (Pittsburgh Business Times)
The Internal Revenue Service has ordered FedEx Corp. to pay $319 million in back taxes, according to a U.S. Securities and Exchange Commission filing. (FDX) More: continued here
Read More »FedEx Ground faces IRS challenge to contract-driver model (The Kansas City Star)
MEMPHIS, Tenn. | FedEx Corp. has received an Internal Revenue Service challenge to its business model for contracting with independent drivers for the company’s FedEx Ground division. More: continued here
Read More »IRS audit challenges FedEx Corp. over drivers (Akron Beacon Journal)
MEMPHIS, TENN.: FedEx Corp. disclosed that it has received an IRS challenge for contracting with independent drivers for the company’s FedEx Ground division. More: continued here
Read More »FedEx may face penalty on taxes (Pittsburgh Post-Gazette)
FedEx could wind up owing more than $1 billion in back taxes and penalities to the IRS for misclassifying thousands of ground and home delivery drivers as independent contractors. … More: continued here
Read More »Christmas Eve brings a double-digit surge, along with news from United Rentals (URI) and FedEx (FDX) (Schaeffers Research)
Today’s market activity featured a court decision for United Rentals (URI), tax troubles for FedEx (FDX), M&A news from Alcoa (AA) – and more…( Read More ) More: continued here
Read More »Last Call: FedEx Shares Fall on IRS Bill (AP via Yahoo! Finance)
Shares of FedEx Corp. slipped in light trading Monday, as investors reacted to the company’s disclosure late Friday it might have to pay $319 million in back taxes related to an ongoing disagreement in how the package delivery company’s workers are classified. More: continued here
Read More »IRS challenges FedEx contracts (Post-Bulletin)
MEMPHIS, Tenn. — FedEx Corp. disclosed Friday that it has received an IRS challenge to its business model for contracting with independent drivers for the company’s FedEx Ground division. FedEx said in a Securities and Exchange Comm More: continued here
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