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FedEx Corp (FDX.N)

FDX.N on New York Stock Exchange

245.43USD
22 Feb 2018
Change (% chg)

$2.13 (+0.88%)
Prev Close
$243.30
Open
$244.15
Day's High
$248.19
Day's Low
$244.05
Volume
401,079
Avg. Vol
377,429
52-wk High
$274.56
52-wk Low
$182.89

Latest Key Developments (Source: Significant Developments)

Fedex Corp Issues $500 Million Notes Due 2028 & $1 Billion Notes Due 2048
Wednesday, 31 Jan 2018 

Jan 31 (Reuters) - Fedex Corp ::FEDEX CORP SAYS ISSUED $500 MILLION OF ITS 3.400% NOTES DUE 2028 AND $1 BILLION OF ITS 4.050% NOTES DUE 2048 - SEC FILING.  Full Article

Fedex Realigns Specialty Logistics And E-Commerce Solutions
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Fedex Corp ::FEDEX REALIGNS SPECIALTY LOGISTICS AND E-COMMERCE SOLUTIONS.FEDEX - REALIGNMENT, BEGINNING MARCH 1, 2018, OF ITS SPECIALTY LOGISTICS AND E-COMMERCE SOLUTIONS IN A NEW STRUCTURE UNDER FEDEX TRADE NETWORKS, INC..FEDEX- FEDEX SUPPLY CHAIN RESULTS,FEDEX CUSTOM CRITICAL RESULTS, WILL BE REPORTED WITH FEDEX TRADE NETWORKS IN FEDEX EXPRESS SEGMENT EFFECTIVE MARCH 1.FEDEX - NEW CO CALLED FEDEX FORWARD DEPOTS WITH RESPONSIBILITY FOR CRITICAL INVENTORY & SERVICE PARTS LOGISTICS, 3-D PRINTING, REPAIR CENTER.  Full Article

Fedex Q2 Earnings Per Share $2.84
Wednesday, 20 Dec 2017 

Dec 19 (Reuters) - Fedex Corp ::REPORTS HIGHER SECOND QUARTER RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $3.18.Q2 EARNINGS PER SHARE $2.84.Q2 EARNINGS PER SHARE VIEW $2.89 -- THOMSON REUTERS I/B/E/S.SEES FY 2018 EARNINGS PER SHARE $11.45 TO $12.05 EXCLUDING ITEMS.FULL-YEAR EARNINGS OUTLOOK INCREASED.UNABLE TO FORECAST FISCAL 2018 YEAR-END MARK-TO-MARKET (MTM) PENSION ACCOUNTING ADJUSTMENTS. COMPANY IS UNABLE TO PROVIDE FISCAL 2018 EARNINGS OR EFFECTIVE TAX RATE (ETR) GUIDANCE ON A GAAP BASIS.QTRLY GAAP REVENUE $16.3 BILLION VERSUS $14.9 BILLION.- FISCAL 2018 ETR FORECAST IS NOW 33% TO 34% BEFORE YEAR-END MTM PENSION ACCOUNTING ADJUSTMENTS.QTRLY FEDEX GROUND SEGMENT REVENUE OF $4.93 BILLION VERSUS $4.42 BILLION LAST YEAR.QTRLY FEDEX FREIGHT SEGMENT REVENUE OF $1.76 BILLION VERSUS $1.60 BILLION LAST YEAR.- CAPITAL SPENDING FORECAST FOR FISCAL 2018 REMAINS $5.9 BILLION.QTRLY GAAP FEDEX EXPRESS SEGMENT REVENUE OF $9.35 BILLION BILLION VERSUS $8.64 BILLION LAST YEAR.- INCREASING 2018 FORECAST, DUE TO SOLID DEMAND TRENDS AND SUCCESS IN RESTORING BUSINESS IMPACTED BY THE SUMMER'S CYBERATTACK.- EXPECT TO SEE IMPROVED RESULTS IN FISCAL SECOND HALF.Q2 REVENUE VIEW $15.68 BILLION -- THOMSON REUTERS I/B/E/S.- REAFFIRM COMMITMENT TO IMPROVE OPERATING INCOME AT FEDEX EXPRESS SEGMENT BY $1.2 TO $1.5 BILLION IN FISCAL 2020 VERSUS FISCAL 2017.FEDEX - TOTAL TNT EXPRESS INTEGRATION PROGRAM EXPENSE THROUGH FISCAL 2020 NOW ESTIMATED TO BE ABOUT $1.4 BILLION, UP FROM PREVIOUS $800 MILLION ESTIMATE.  Full Article

FedEX Corp board declares quarterly dividend of $0.50 per share
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Fedex Corp :FedEX CORP board declares quarterly dividend.FedEX Corp - ‍declared a quarterly cash dividend of $0.50 per share on FedEX Corporation common stock​.  Full Article

Fedex says Fedex Sameday City expands to 1,800 cities nationwide
Thursday, 5 Oct 2017 

Oct 4 (Reuters) - Fedex Corp :Says ‍Fedex Sameday City expands to 1,800 cities nationwide covering 30 markets​.  Full Article

‍Moody's says UPS, FedEx peak-season surcharges will partially offset rising e-commerce delivery costs​
Wednesday, 27 Sep 2017 

Sept 26 (Reuters) - Moody's::‍Moody's says UPS, FedEx peak-season surcharges will partially offset rising e-commerce delivery costs​.Moody's says "for now, however, the surcharges will have little impact" on UPS and FedEx's revenue and earnings‍​.  Full Article

FedEx Office extends SameDay City Service to Jacksonville
Monday, 21 Aug 2017 

Aug 21 (Reuters) - FedEx Office::FedEx Office extends SameDay City Service to Jacksonville.‍Announces expansion of FedEx SameDay City, a local courier delivery service, to Jacksonville​.  Full Article

Fedex Office expands SameDay City Service in Texas
Monday, 21 Aug 2017 

Aug 21 (Reuters) - FedEx Office::FedEx Office expands SameDay City service in Texas.Announces expansion of FedEx SameDay City, a local courier delivery service, to Austin and San Antonio​.  Full Article

Fedex freight drivers reject Teamsters in Pennsylvania
Thursday, 20 Jul 2017 

July 19 (Reuters) - Fedex Freight-:Fedex freight drivers reject teamsters in Pennsylvania.City and road drivers in Croydon voted to decertify teamsters union as their bargaining representative.  Full Article

Fedex says David Bronczek to become COO, President in 2018
Monday, 26 Sep 2016 

Fedex Corp : T. Michael Glenn to retire as Fedex Corp Executive Vice President, market development and corporate communications . Says David J. Bronczek appointed COO and President .Bronczek appointment effective on January 1, 2018.  Full Article

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Reshaped Maersk aims to deliver competition for UPS, Fedex

COPENHAGEN Denmark's A.P. Moller-Maersk plans to compete directly with package delivery companies UPS and Fedex as it expands its transport and logistics business, its chief executive said on Tuesday.