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FedEx 2Q earnings fall 12%

NEW YORK — FedEx, the world's second-largest package delivery company, posted a 12 percent decline in second-quarter profits Wednesday due to weakness in its air network and the impact of Superstorm Sandy. The storm shaved 11 cents per share off of earnings for the quarter as shipping volumes fell and …

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FedEx buying 4 new Boeing freighters

FedEx Corp. has ordered four new Boeing 767 freighters in an ongoing effort to replace its old workhorses with more fuel-efficient planes.Financial terms weren't disclosed. The sticker price on a 767 freighter … More: continued here

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Bellwether FedEx Sounds Mixed Message: Weak Economy, Except On The Web

FedEx's performance is hurting, the result of cost-conscious customers looking for cheaper shipping methods. The world's second-largest package-delivery company sees "persistent weakness" in the global economy, CEO Fred Smith says, though a few rays of light shine through the gloom that Smith detailed today in the company's quarterly report. More: …

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FedEx's Path Gets Riskier

FedEx Corp. has conceded that it needs to clip its wings. On Wednesday, investors and analysts will see how that painful process is going. The company's less-profitable ground and freight businesses have … More: continued here

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