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FedEx Corp (FDX.N)

FDX.N on New York Stock Exchange

181.91USD
20 Feb 2019
Change (% chg)

$1.66 (+0.92%)
Prev Close
$180.25
Open
$180.98
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$180.33
Volume
369,630
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496,838
52-wk High
$266.67
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$150.99

Latest Key Developments (Source: Significant Developments)

FedEx Corp Says Upon Retirement Of Bronczek, Size Of Board Of Directors Will Be 12 Members
Friday, 15 Feb 2019 

Feb 14 (Reuters) - FedEx Corp ::FEDEX CORP - UPON RETIREMENT OF BRONCZEK, SIZE OF BOARD OF DIRECTORS WILL BE 12 MEMBERS.FEDEX CORP - ON OR BEFORE MARCH 31, 2019, BRONCZEK WILL RECEIVE A CASH PAYMENT OF $2.5 MILLION.  Full Article

Fedex Announces Appointment Of Raj Subramaniam As President And Chief Operating Officer
Friday, 15 Feb 2019 

Feb 14 (Reuters) - FedEx Corp ::FEDEX CORPORATION ANNOUNCES APPOINTMENT OF RAJ SUBRAMANIAM AS PRESIDENT AND CHIEF OPERATING OFFICER.FEDEX CORP - SUBRAMANIAM'S APPOINTMENT FOLLOWS DAVID J. BRONCZEK'S PERSONAL DECISION TO RETIRE AS PRESIDENT AND CHIEF OPERATING OFFICER AND FROM BOARD.FEDEX CORP - SUBRAMANIAM WILL CONTINUE TO SERVE AS PRESIDENT AND CEO OF FEDEX EXPRESS AND WILL ALSO SERVE AS CO-PRESIDENT AND CO-CEO OF FEDEX SERVICES.  Full Article

David Bronczek Joins FedEx Corp Board Of Directors
Tuesday, 29 Jan 2019 

Jan 28 (Reuters) - FedEx Corp ::DAVID J. BRONCZEK JOINS FEDEX CORPORATION BOARD OF DIRECTORS.BOARD NOW HAS 13 MEMBERS, INCLUDING 11 INDEPENDENT DIRECTORS.  Full Article

Fedex Trade Networks Rebrands As Fedex Logistics
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - FedEx Corp ::FEDEX TRADE NETWORKS REBRANDS AS FEDEX LOGISTICS.  Full Article

Fedex Corp Issued $500 Million 3.400% Notes Due 2022
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - FedEx Corp ::FEDEX CORP - ISSUED $500 MILLION 3.400% NOTES DUE 2022.  Full Article

EU Judges Overturn Brussels Veto Of UPS-TNT Shipping Buyout - AFP
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - :EU JUDGES OVERTURN BRUSSELS VETO OF UPS-TNT SHIPPING BUYOUT - AFP.  Full Article

Fedex Files Preliminary Prospectus Supplement Related To A Potential Notes Due 2022 Offering
Monday, 14 Jan 2019 

Jan 14 (Reuters) - FedEx Corp ::FEDEX CORP FILES PRELIMINARY PROSPECTUS SUPPLEMENT RELATED TO A POTENTIAL NOTES DUE 2022 OFFERING - SEC FILING.  Full Article

A.G. Underwood Announces $2 Million Settlement With Fedex
Thursday, 20 Dec 2018 

Dec 20 (Reuters) - NY A.G. Underwood::NY A.G. UNDERWOOD - ANNOUNCES $2 MILLION SETTLEMENT WITH FEDEX FOR MISCLASSIFYING AND UNDERPAYING ITS DELIVERY DRIVERS.NY A.G. UNDERWOOD - SETTLEMENT OF LAWSUIT AGAINST FEDEX GROUND PACKAGE SYSTEM, INC. THAT WILL DISTRIBUTE $2 MILLION TO ESTIMATED 500 QUALIFYING DRIVERS.  Full Article

Deutsche Post Says Not Seeing Material Changes In Volumes
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Deutsche Post ::SAYS DOES NOT SEE ANY MATERIAL CHANGES IN ITS VOLUME DEVELOPMENT COMPARED TO WHAT IT SAID IN EARLY NOVEMBER.SAYS ITS ASSESSMENT INCLUDES THE DEVELOPMENT OF ITS EUROPEAN EXPRESS BUSINESS.  Full Article

Fedex Corp reports second quarter results
Wednesday, 19 Dec 2018 

Dec 18 (Reuters) - FedEx Corp ::. REPORTS SECOND QUARTER RESULTS.NEW COST-REDUCTION INITIATIVES.EARNINGS OUTLOOK LOWERED PRIMARILY DUE TO EUROPEAN WEAKNESS.A VOLUNTARY BUYOUT PROGRAM FOR ELIGIBLE EMPLOYEES.INTERNATIONAL NETWORK CAPACITY REDUCTIONS AT FEDEX EXPRESS.LIMITED HIRING IN STAFF FUNCTIONS.REDUCTIONS IN DISCRETIONARY SPENDING.INTERNATIONAL NETWORK CAPACITY REDUCTIONS AT FEDEX EXPRESS.QTRLY REVENUE $17.8 BILLION VERSUS $16.3 BILLION.UNABLE TO FORECAST FISCAL 2019 YEAR-END MARK-TO-MARKET (MTM) RETIREMENT PLAN ACCOUNTING ADJUSTMENTS.QTRLY DILUTED EPS $3.51.UNABLE TO PROVIDE A FISCAL 2019 EARNINGS PER SHARE OR EFFECTIVE TAX RATE (ETR) OUTLOOK ON A GAAP BASIS.MANAGEMENT STILL EXPECTS TO REALIZE BENEFITS FROM TNT EXPRESS THAT WERE ANTICIPATED WHEN COMPANY WAS ACQUIRED."WHILE U.S. ECONOMY REMAINS SOLID, OUR INTERNATIONAL BUSINESS WEAKENED DURING QUARTER, ESPECIALLY IN EUROPE".SEES FISCAL 2019 CAPITAL SPENDING OF $5.6 BILLION.TARGET TO INCREASE FEDEX EXPRESS OPERATING INCOME BY $1.2 BILLION TO $1.5 BILLION OVER FISCAL 2017 RESULTS WILL NOT BE ACHIEVED IN FISCAL 2020.NET RESULTS FOR QUARTER BENEFITED BY $0.56 PER DILUTED SHARE AS A RESULT OF ENACTMENT OF TAX CUTS AND JOBS ACT.SEES FOR FISCAL 2019 EARNINGS OF $12.65 TO $13.40 PER DILUTED SHARE BEFORE YEAR-END MTM RETIREMENT PLAN ACCOUNTING ADJUSTMENTS.FEDEX- PRE-TAX CHARGE TO VOLUNTARY BUYOUT PROGRAM FOR U.S.-BASED EMPLOYEES EXPECTED TO TOTAL $450 MILLION TO $575 MILLION & SHOULD PREDOMINANTLY OCCUR IN Q4.  Full Article

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Fed wants balance sheet to align with rate policy: Daly

PALO ALTO, Calif. With the U.S. economy facing significant headwinds, the Federal Reserve should align its balance sheet policy with its new "patient" approach to interest rates, San Francisco Federal Reserve Bank President Mary Daly said on Wednesday.