Logistics Disruption
The landscape of air cargo logistics is shifting as United Parcel Service (UPS) steps into the role of primary air cargo provider for the United States Postal Service (USPS), marking the end of a longstanding partnership between...
Tuesday trading
US stock indices closed mostly negative, a day before the Fed's expected 75 basis point rate hike. The Dow-30 and S&P500 fell for the fifth straight day, the longest streak since January.
At the close on the New York Stock Excha...
Schedule for the week
The US stock market closed Friday with a drop in prices as traders assessed the impact of inflation and the war in Ukraine on the US economy.
The Dow Jones index ended trading down 0.69% to 32,944.19 points, the S&P 500 in...
Sales fall
General Motors (GM) shares declined in early trading on Friday as the biggest US carmaker reported its first drop in deliveries in four quarters.
Dealers at General Motors Co. (GM) delivered 446,997 vehicles in the US in the third quarte...
The state of the company's stock
FedEx (FDX) shares fell 4.4% in after-hours trading after its financial report. The second US delivery company lowered its profit forecast for fiscal 2022 and said rising labour costs an...
The price of delivery
Delivery tariffs are rising faster than they have in nearly a decade, increasing pressure on merchants to raise prices or find other ways to offset higher costs.
FedEx Corp on Monday said delivery rates will rise by an average...
Amazon's delivery business is close to becoming a separate enterprise
Amazon's logistics business has now grown to the size of a separate company that provides delivery services to other companies. Amazon is a growing competitive threat to FedEx and...
Record revenues didn't help
FedEx reported quarterly results that beat analysts' estimates and summed up a record earnings year. However, investors see serious cause for concern.
Shares in FedEx (FDX), one of the largest in...
US stock market
The US stock market ended Saturday's trading multidirectional due to strengthening of consumer services, technology and healthcare sectors. The market is performing on the back of negative momentum from the financials, industrials an...
US trades
The US stock market ended Friday's trading in negative territory after posting record highs a day earlier. However, major indicators ended the week on the plus side, with the S&P 500 up 1.3% and the Dow Jones up 0.4%. The Nasdaq was up...
Profit growth
Net income for U.S. FedEx Corp (NYSE:FDX). one of the world's largest transportation and logistics companies, soared 119%, or 2.2 times, to $1.226 billion, or $4.55 per share, for the 2nd fiscal quarter ended November 30, up from $560 ...
Great prospects
FedEx plans to hire 70,000 temporary workers for the holiday season and also intends to purchase the e-commerce platform ShopRunner, which may partially offset the loss of a customer like Amazon.
Shares of the largest U.S. logistics...
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