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Fred Smith, the FedEx Corp. founder who revolutionized the express delivery industry, has died, the company said.
FedEx shares fell in extended trading Tuesday as the shipping giant suspended its full-year forecast.
FedEx shares plunged 2.4% Wednesday after the shipping giant revealed a disappointing profit forecast as President Trump’s tariffs weigh on global transit.
FedEx expects a $170 million financial hit this quarter due to President Trump’s trade war, after a change in tariff rules crushed demand for packages shipped to the U.S. from China.
FedEx cites China tariffs and end of de minimis rule as key drivers of a $170 million hit, prompting it to cut its annual forecast for the year.
FedEx on Tuesday signaled caution for the year ahead and forecast current-quarter profit short of market expectations amid volatile global demand, sending shares of the delivery giant down more ...
FedEx will close one of its facilities in Omaha in September as part of a multi-year consolidation.
FedEx reported better-than-expected fourth-quarter profits, but company officials warned of the impact of economic uncertainty — including tariffs.
His vision for how to ship packages overnight led to not just a new company, but also a new sector of the world economy and a now-familiar English verb.
FedEx shares are moving sharply lower Wednesday, a day after the shipping giant didn't provide a full-year outlook and projected lower-than-expected first-quarter profit ...
The layoffs will impact 81 employees at the company's facility on Herrmann Drive in Garland and 50 employees at the FedEx facility on Capital Avenue in Plano.
FedEx executives paid tribute to the logistics giant's founder, Fred Smith, during a quarterly earnings call on June 24.