Category: Couriers

FedEx Corporation (NYSE:FDX) added to gains on Thursday as analysts took a positive view of the company’s cost savings plans laid out on Wednesday. The transportation giant outlined plans to…

Summary A shipping company may seem stale or boring in a world where technological advances continuously grab headlines. Artificial intelligence (AI), Metaverse, Web3, and Quantum Computing are some of the…

FedEx Corporation (NYSE:FDX) shares gained sharply in Thursday’s extended trading after posting far stronger than expected profits in its fiscal third quarter. For Q3, the Memphis-based transportation company posted $3.41…

Shipping giant United Parcel Service (UPS) is in focus as the company delivers solid dividend growth and stable fundamentals. UPS — headquartered in Atlanta — ships documents and packages worldwide. The company…

Summary United Parcel Service reported a mixed Q3 report, generally taken well by investors. The company expects its profit margins and sales to remain elevated over the coming quarters despite…

In a move that caught virtually no one by surprise, UPS Inc. said late Friday that it would raise its 2023 published or tariff rates by 6.9%, matching the increase announced…

Unit ‘making adjustments’ with shippers FedEx Ground is adjusting downward its holiday traffic forecasts due to an increasingly pronounced slowdown in demand, according to a person familiar with the matter.…

It’s been a rough couple of weeks on the stock market, ending recently with a warning from FedEX about a downturn in the global economy that sent shares tumbling. FedEx CEO…

Summary A friendly reminder that UPS will be reporting FQ3’22 earnings in October 2022, after the disastrous results from FedEx. Both stocks have catastrophically tumbled, FDX by -42.07% and UPS…

FedEx missed earnings expectations and announced significant cost-cutting in its preliminary earnings report last week. CEO Raj Subramaniam warned of a “worldwide recession,” but analysts say FedEx’s own shortcomings played…