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FedEx Corp (FDX.N)

FDX.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Staples Canada And FedEx Team Up To Offer FedEx Services At All Staples Locations Across Canada
Wednesday, 1 May 2019 

May 1 (Reuters) - Federal Express Canada Corp::STAPLES CANADA AND FEDEX TEAM UP TO OFFER FEDEX SERVICES AT ALL STAPLES LOCATIONS ACROSS CANADA.FEDERAL EXPRESS CANADA - AGREEMENT HAS BEEN REACHED WITH STAPLES CANADA.FEDERAL EXPRESS CANADA - AGREEMENT WILL INCREASE FEDEX RETAIL LOCATIONS TO 1003 LOCATIONS EFFECTIVE IMMEDIATELY.  Full Article

Fedex Signs 10-Year Data Center Infrastructure Agreement With Switch
Monday, 29 Apr 2019 

April 29 (Reuters) - FedEx Corp ::FEDEX SIGNS 10-YEAR DATA CENTER INFRASTRUCTURE AGREEMENT WITH SWITCH.SWITCH INC - FEDEX SIGNED A 10-YEAR DEAL WITH SWITCH TO SERVE AS FEDEX'S WESTERN U.S. DATA CENTER.  Full Article

FedEx Says Long-Term Financial Goals Include Increasing EPS 10 pct – 15 pct Per Year
Wednesday, 20 Mar 2019 

March 19 (Reuters) - FedEx Corp ::FEDEX CORP - LONG-TERM FINANCIAL GOALS INCLUDES INCREASE EPS 10%–15% PER YEAR.FEDEX CORP - ACHIEVE 10% PLUS OPERATING MARGIN IS AMONG LONG-TERM FINANCIAL GOALS.FEDEX CORP SAYS POTENTIAL OF A HARD BREXIT AND ESCALATING TRADE WARS REPRESENT DOWNSIDE RISKS TO ECONOMIC OUTLOOK.FEDEX CORP SAYS GLOBAL ECONOMIC GROWTH CONTINUES TO MODERATE AS MAJOR ECONOMIES EASE TOWARD TREND GROWTH.FEDEX CORP SAYS IT IS IMPORTANT TO HAVE A POLICY ENVIRONMENT THAT ENCOURAGES FREE TRADE.FEDEX CORP - ANTICIPATE ADDING FEDEX OFFICE LOCATIONS IN WALMART STORES TO TOTAL 500 BY MAY 2020.  Full Article

FedEX Sets Quarterly Cash Dividend Of $0.65 Per Share
Friday, 15 Feb 2019 

Feb 15 (Reuters) - FedEx Corp ::SETS QUARTERLY CASH DIVIDEND OF $0.65PER SHARE.  Full Article

Fedex Logistics To Move Global Headquarters To Downtown Memphis
Tuesday, 12 Feb 2019 

Feb 12 (Reuters) - FedEx Corp ::FEDEX LOGISTICS TO MOVE GLOBAL HEADQUARTERS TO DOWNTOWN MEMPHIS.FEDEX LOGISTICS - GLOBAL HEADQUARTERS MOVE WILL CONSOLIDATE MULTIPLE LOCATIONS AND NEARLY 700 TEAM MEMBERS OVER NEXT SEVERAL YEARS.  Full Article

Fedex Says Amending Co's Corporate Governance Guidelines To Apply Mandatory Retirement Age Of 75 To Non-Management Directors, Effective Immediately
Tuesday, 29 Jan 2019 

Jan 28 (Reuters) - FedEx Corp ::FEDEX - AMENDING CO'S CORPORATE GOVERNANCE GUIDELINES TO APPLY MANDATORY RETIREMENT AGE OF 75 TO NON-MANAGEMENT DIRECTORS, EFFECTIVE IMMEDIATELY.  Full Article

Fedex Expect Pre-Tax Cost Of Voluntary Cash Buyouts Program To Range From $450 Mln To $575 Mln
Saturday, 19 Jan 2019 

Jan 18 (Reuters) - FedEx Corp ::FEDEX - CO, UNITS FEDERAL EXPRESS CORPORATION, FEDEX CORPORATE SERVICES, INC. BEGAN OFFERING VOLUNTARY CASH BUYOUTS TO ELIGIBLE U.S.-BASED EMPLOYEES.FEDEX - EXPECT PRE-TAX COST OF THE U.S.-BASED PROGRAM TO RANGE FROM $450 MILLION TO $575 MILLION IN PRE-TAX CASH EXPENDITURES.FEDEX CORP - VOLUNTARY CASH BUYOUT OFFER PERIODS WILL EXPIRE IN Q4 OF FISCAL 2019.FEDEX - EXPECT FOR MAJORITY OF ELIGIBLE, ACCEPTING EMPLOYEES TO VACATE THEIR POSITIONS BY THE END OF FISCAL 2019.FEDEX CORP - EXPECT SAVINGS FROM U.S.-BASED PROGRAM TO BE BETWEEN $225 MILLION TO $275 MILLION ON ANNUALIZED BASIS BEGINNING IN FISCAL 2020.FEDEX - BUYOUT PROGRAM INCLUDES VOLUNTARY SEVERANCE PAYMENTS.FEDEX - VOLUNTARY BUYOUT PROGRAM INCENTIVES DO NOT INCLUDE ANY CHANGES TO RETIREMENT ELIGIBILITY OR PAYMENTS.FEDEX - U.S.-BASED EMPLOYEE VOLUNTARY BUYOUT PROGRAM ALSO INCLUDES FUNDING TO HEALTHCARE REIMBURSEMENT ACCOUNTS.FEDEX - EMPLOYEES WHO ARE ELIGIBLE FOR BUYOUT PROGRAM & ARE ALSO ELIGIBLE TO RETIRE MAY ELECT TO ACCEPT VOLUNTARY BUYOUT & RETIRE.  Full Article

Fedex Corp Says Co Issued EUR 640 Mln Aggregate Principal Amount Of Its 0.700% Notes Due 2022
Friday, 18 Jan 2019 

Jan 18 (Reuters) - FedEx Corp ::FEDEX CORP - ON JANUARY 18, 2019, FEDEX CORPORATION ISSUED EUR 640 MILLION AGGREGATE PRINCIPAL AMOUNT OF ITS 0.700% NOTES DUE 2022..  Full Article

New York Announces $35 Mln Settlement With Fedex Over Shipping Of Illegal Cigarettes
Monday, 14 Jan 2019 

Jan 14 (Reuters) - Attorney General Letitia James::ATTORNEY GENERAL JAMES, NYC CORP. COUNSEL ANNOUNCE $35 MILLION SETTLEMENT WITH FEDEX OVER SHIPPING OF ILLEGAL CIGARETTES.FEDEX WILL IMPLEMENT INTERNAL REFORMS, HIRE INDEPENDENT CONSULTANT THAT WILL OVERSEE CO’S COMPLIANCE WITH THE LAW.FEDEX’S INDEPENDENT CONSULTANT WILL PROVIDE COMPLIANCE REPORTS TO THE CITY AND STATE.AS PART OF SETTLEMENT, FEDEX AGREED TO CEASE DOMESTIC SHIPMENTS OF TOBACCO PRODUCTS, INCLUDING CIGARETTES WITH SOME EXCEPTIONS.TERMS OF SETTLEMENT AGREEMENT WITH FEDEX WILL BE EXTENDED BY ONE YEAR FOR EACH YEAR IN WHICH THERE IS MATERIAL BREACH OF AGREEMENT.  Full Article

Fedex Corp says Cunningham Will Receive Cash Payment Of $1.8 Mln
Friday, 7 Dec 2018 

Dec 7 (Reuters) - FedEx Corp ::ON OR BEFORE JANUARY 31, 2019, CUNNINGHAM WILL RECEIVE A CASH PAYMENT OF $1.8 MILLION.CUNNINGHAM AGREED THAT FOR 2 YEARS AFTER SEPARATION, HE WILL NOT ENGAGE AS EMPLOYEE, CONSULTANT, CONTRACTOR FOR USPS, UPS, AMAZON OR DHL.  Full Article

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China's FedEx probe should not be seen as retaliation - Xinhua

SHANGHAI China's investigation into FedEx Corp over misdirected mail should not be regarded as retaliation against the U.S. company, state news agency Xinhua said on Sunday, amid worsening relations between China and the United States.