FedEx shares tumble 16% on limp demand, delivery trade-down
By Shivansh Tiwary and Lisa Baertlein (Reuters) -Shares of FedEx slumped almost 16% on Friday, the worst in two years, after a dismal first-quarter profit drop due to anemic economic conditions and an ongoing customer shift toward slower,
FedEx earnings miss could signal a slowing economy
FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this year, a sign of possible cooling in the wider economy.
FedEx’s earnings miss may be more of a speed bump than a brick wall, analyst says
Analysts sees a potential spinoff of FedEx’s freight business as a potential boost, but the stock is dropping sharply
FedEx quarterly profit disappoints as demand for speedy delivery wanes
FedEx reported a lower first-quarter profit on Thursday as demand in the package industry remained muted, especially for priority services.
FedEx shares fall sharply after missing on revenue and earnings, lowering guidance
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FedEx shares tumble amid weak demand for priority deliveries
FedEx Corp shares slumped on Friday after the parcel giant cut its annual revenue forecast and reported a sharp fall in profits, owing to weak demand for high-margin speedy delivery services. Shares of the company were down nearly 13 per cent in premarket trading,
First Airbus A321XLR delivery due in second-half October, airline says
The first delivery of Airbus' longest-range narrowbody jet, the A321XLR, is poised to slip into October, apparently missing ...
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When it comes to third-party delivery, not all experiences are created equally
New research from Intouch Insight shows a clear distinction in delivery performance between restaurant chains, independent ...
Man charged after shooting at a FedEx delivery van
A man has been charged with attempted second-degree homicide after he shot into an occupied FedEx vehicle on Thursday.
Special delivery: Suspect arrested in series of mail thefts in Wenatchee
A woman was arrested in a series of mail thefts in the Wenatchee area, ironically, after calling the police herself.
Meituan riders out-earn the average worker in Beijing, data from food delivery giant shows
According to the report, Meituan delivery people who work in major cities and meet the company’s minimum work time ...
OCSO: One arrested after firing shots into an occupied FedEx delivery truck
The Okaloosa County Sheriff’s Office has arrested a man after firing shots into an occupied FedEx delivery truck in Cinco ...
Windsor's Amazon delivery station to open by end of October — starting with about 70 employees
Amazon Canada says its Windsor delivery station will open its doors by the end of October; however, a specific date was not ...
Uber to provide delivery for Olive Garden in new partnership
Darden Restaurants plans to start delivering Olive Garden food via Uber later this year, according to a Thursday announcement from the company.
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Olive Garden Breadsticks Hitch a Ride With Uber in Delivery Deal
Olive Garden owner Darden Restaurants struck a delivery deal with Uber Technologies, betting that shuttling pasta and ...
Olive Garden Owner Sees Sales Rebound and Strikes Uber Delivery Deal. Its Stock Is Flying.
Darden Restaurants shares surged Thursday after the Olive Garden owner reported improving sales trends after a decline in ...
Michigan judge halts delivery of Manhattan Project radioactive waste from New York
A judge has granted a temporary restraining order to Detroit-area communities near a landfill over the shipment of World War ...