FedEx Corp

NYSE:FDXUnited States

12:21 PM EDT, 04/25/2024 (MT Newswires) -- FedEx (FDX) and UPS (UPS) want to convert to zero-emission delivery fleets, but their efforts are being slowed by rising costs, supply issues and uncertain prospects for some of the companies building elect...

NORTHAMPTON, MA / ACCESSWIRE / April 24, 2024 / Retail businesses need online sales in order to succeed in today's competitive market. But smaller businesses, especially those owned by women and people of color, often lack the resources or technical know-how to really make a splash in e-commerce. FedEx and nonprofit Accion Opportunity Fund teamed up to help change that through the FedEx E-Commerce Learning Lab, a philanthropic program aimed at bolstering the abilities of business owners in key e-commerce areas so their businesses can grow and thrive.

Shares of United Parcel Service Inc. (UPS) rose 1.8% in premarket trading Tuesday, after the package delivery giant reported first-quarter profit that beat expectations, while revenue fell a bit shy. Net income fell to $1.11 billion, or $1.30 a share. Excluding nonrecurring items, adjusted earnings per share of $1.43 fell 35% from the same period a year ago but beat the FactSet consensus of $1.28. Total revenue declined 5.3% to $21.7 billion, below the FactSet consensus of $21.84 billion. U.S. domestic package revenue was down 5% to $14.23 billion to miss the FactSet consensus of $14.43 billion, as average daily volume decreased 3.2%. International revenue fell 6.3% to $4.26 billion to miss expectations of $4.31 billion and supply chain revenue was down 5.3% to $3.22 billion to top expectations of $3.19 billion. For 2024, the company affirmed its revenue guidance range of $92 billion to $94.5 billion, and its capital expenditure plans of $4.5 billion. The stock has gained has lost 7.6% year to date through Monday, while shares of rival FedEx Corp. (FDX) have gained 6.8% and the S&P 500 index has advanced 5.1%.

NORTHAMPTON, MA / ACCESSWIRE / April 18, 2024 / When Marja Kienhuis, from the FedEx Express P&E European Road Network team, found out that a vacation park dedicated to helping families who need special accommodations was looking for support, she seized the opportunity.