News | Latest Breaking News Stories & Headlines

FedEx shares slide as trade turbulence hits demand

FedEx shares dropped nearly 6% in premarket trading today after the logistics giant sounded caution for the full year ahead and forecast current-quarter earnings below market expectations, as it battles volatile global demand due to pressures from US tariffs.

Business • 25 Jun

CEO Raj Subramaniam warned a day earlier that the company was navigating a very "challenging operating environment"

FedEx shares slide amid lower forecasts

FedEx's shares fell 8% premarket today after the parcel delivery firm cut its annual forecasts, fanning worries about the health of US manufacturing amid uncertainty from the Trump administration's sweeping tariffs on trading partners.

Business • 21 Mar

FedEx, seen as a global trade barometer, is potentially losing nearly $11 billion in market value

FedEx shares tumble amid weak demand

Shares of FedEx slumped 15% today, on track for their worst day in two years, after dismal first-quarter results, in what analysts attributed to a combination of broader economic concerns and an unfavourable shift in the company's sales from higher-priced deliveries.

Business • 20 Sep 24

FedEx is seen as a bellwether for worldwide economic trade

FedEx shares tumble 12% after sober results

Shares of FedEx sank 12% last night following dismal results and an outlook that prompted a slew of price-target cuts from Wall Street analysts and contributed to a late-day broad market selloff.

Business • 21 Dec 23

An Amazon electric delivery truck, developed by electric vehicle maker Rivian

US tax credits to jolt electric delivery truck demand

The US will introduce incentives on January 1 for delivery firms and other companies to switch to electric trucks as part of a broad push to get polluting, workhorse vehicles off the roads.

Business • 29 Dec 22

The company reported that earnings per share fell 21.3% for the quarter ended August 31

FedEx grilled on cost-cut plan after profits slide

FedEx outlined cost cuts of up to $2.7 billion after falling demand hammered first-quarter profits, but analysts grilled company executives with questions in an earnings call about whether steps such as parking planes and shuttering some offices were too little too late.

Business • 23 Sep 22

Amazon said its net sales for the three months to the end of December rose to $35.75 billion from $29.33 billion.

Worried analysts question Amazon's logistics plans

E-commerce giant Amazon.com last night reported a 21.8% rise in quarterly revenue, helped by strong Christmas shopping and robust growth in its cloud services business.

Business • 29 Jan 16

TNT Express employs 65,000 people and operates in more than 200 countries

FedEx to buy TNT Express for €4.4bn

US delivery service FedEx has reached a deal to buy Dutch rival TNT Express for €4.4bn, ramping up its presence in Europe as global ecommerce continues to expand.

Business • 07 Apr 15

FedEx second quarter earnings fall on Sandy

FedEx, the world's second-largest package delivery company, posted a 12% decline in second-quarter profits today due to weakness in its air network and the impact of Superstorm Sandy.

Business • 19 Dec 12

FedEx cuts outlook amid worsening global economy

FedEx Corporation has said that the global economy is worsening, and it cut its forecast for the fiscal year ending in May by about 10%.

Business • 18 Sep 12

Fedex