FedEx Corp

NYSE:FDXUnited States

Yesterday

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• DJ FedEx Urges Team to Deliver Improvements in Europe Amid Layoffs -- Market Talk, from 9 hours ago by Dow Jones

  9 hours ago by Dow Jones
  Companies Mentioned: FDX
  
  1850 ET - FedEx is looking at improving its European performance as soon as possible amid non-operational layoffs. It recently had some top executives fly to Europe to support the team and stress the urgency of looking at every aspect the operation there, finance chief John Dietrich says on a call with analysts. Earlier this month FedEx said that it would reduce its European back-office and commercial teams by 1,700 to 2,000, but additional key actions are already underway for fiscal 2025, CEO Raj Subramaniam says. The company's executing on its $600 million Drive savings target in the region, with the majority of the savings expected to come from the service network and its Express operation. Shares rise 14% in post-market trading. (sabela.ojea@wsj.com; @sabelaojeaguix)
  

• DJ FedEx to Benefit from Stabilization in Volume Declines in FY 2025 -- Market Talk, from 11 hours ago by Dow Jones

  11 hours ago by Dow Jones
  Companies Mentioned: FDX
  
  1741 ET - FedEx says it's seeing improving trends in U.S. domestic parcel and international export demand. The company's preparing to put in place additional efficiencies with its contract with the U.S. postal service is set to expires on Sept. 29, but it still expects to benefit from a moderately improving demand environment. Overall for FY25, FedEx expects low-to mid-single digit growth in revenue. In FY24, the company saw a drop in revenue of about 2.8%.Shares jump 15% to $295 in after-hours trading. (sabela.ojea@wsj.com; @sabelaojeaguix)
  

• DJ FedEx Shares Jump 15% on 4Q Guidance Beat, Freight Business Review, from 11 hours ago by Dow Jones

  11 hours ago by Dow Jones
  Companies Mentioned: FDX
  
  By Sabela Ojea
  
  Shares of FedEx on Tuesday jumped in post-market trading after the company's guidance beat analysts expectations and it announced it's reviewing its freight business.
  

• DJ FedEx Stocks Jumps After Company Snaps Streak of Revenue Declines -- WSJ, from 11 hours ago by Dow Jones

  11 hours ago by Dow Jones
  Companies Mentioned: FDX
  
  By Esther Fung
  
  FedEx shares jumped in late trading Tuesday after the company reported a modest improvement in quarterly revenue, reversing six straight quarters of declines.
  

• DJ FedEx Freight Assessment Adds to Air Network Review to Match Demand -- Market Talk, from 11 hours ago by Dow Jones

  11 hours ago by Dow Jones
  Companies Mentioned: FDX
  
  1656 ET - FedEx's review of its freight business comes as the company also reviews its air network capacity to better align air network capacity with demand. FedEx is permanently closing several facilities to match capacity with demand and conducting the assessment of FedEx freight to determine the role that it plays in its overall portfolio structure. The review is expected to deliver results by the end of the year. Investors will want to see the expenses that will come with the freight assessment. In its fiscal 4Q, FedEx said that its results included a noncash imparment charge of $157 million from the decision to permanently retire 22 Boeing 757-200 aircraft and seven related engines. Shares jump 15% in after-hours trading. (sabela.ojea@wsj.com; @sabelaojeaguix)