Its latest results were a surprising disappointment. But the cost-cutting measures it’s taking now should pay off down the road. More: continued here
Read More »FedEx still negotiating with neighboring opponents of transportation hub
Representatives of FedEx Ground are still negotiating with neighbors of a proposed transportation hub on the West End, hoping to win over opponents before the Billings City Council meets Monday. More: continued here
Read More »If FedEx and Cintas Fail, We Fail
The market didn’t like this week’s reports out of FedEx and Cintas, and that’s not good for corporate America. More: continued here
Read More »FedEx Cuts Forecast as 3rd-Quarter Profit Falls 31%
In an effort to reduce costs, FedEx said it would retire some older and less efficient airplanes. More: continued here
Read More »FedEx Pares Asia Flights Amid Shift to Cheaper Deliveries
FedEx Corp. plans to cut cargo flights to Asia as customers accelerate their shift to the company’s slower, less expensive international services. More: continued here
Read More »FedEx Lags Earnings, Tops Revs
FedEx reported third quarter fiscal 2013 adjusted earnings of $1.23 per share that missed the Zacks Consensus Estimate of $1.38 and decreased from the year-ago earnings of $1.55. More: continued here
Read More »FedEx profits fall on weak international results
Global package delivery giant FedEx Wednesday reported lower quarterly earnings and slashed its profit guidance for fiscal 2013, citing weakness in the international freight market. More: continued here
Read More »FedEx : Disappointing Q3 Profit Sends Another Warning About Slowing Asian Growth
FedEx reported a quarterly profit that missed Wall Street expectations, a signal that customers worldwide continue to shift to cheaper transportation. More: continued here
Read More »FedEx Corp. Reports Third Quarter Earnings
FedEx Corp. today reported earnings of $1.23 per diluted share for the third quarter ended February 28, excluding business realignment costs totaling $47 million primarily related to the company’s voluntary buyout program for eligible U.S. More: continued here
Read More »FedEx Misses Estimates as Asia Air Freight Slows
MEMPHIS (TheStreet) — FedEx said Wednesday it will cut air capacity to Asia after a disappointing quarter where it missed estimates as net income fell 31%. The company said it sees continued weakness in international air freight markets and offered guidance that is below estimates for the fiscal fourth quarter …
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