Package delivery giant and U.S. economic bellwether FedEx Corp said on Thursday it was taking market share despite a recession that drove its profit down 75 percent, and its shares jumped.
Package delivery company FedEx Corp reported a 75 percent drop in profit due to the global recession, gave a low quarterly outlook and said it was taking fresh actions to cut costs.
Package delivery company FedEx Corp reported a sharply lower quarterly profit due to the global economic downturn and said it was taking fresh actions to cut costs.
Fedex Corp reported third quarter earnings on Thursday and said it expects further staff reductions.
Deutsche Post said it was still in talks over a possible cooperation with United Parcel Service , providing a sought-for update on its drawn-out negotiations.
But a tie-up with other providers was also a viable option, Europe's biggest mail and express delivery company said in presentation slides on Thursday.
In 2008, Deutsche Post and UPS agreed to cooperate on air ...
A Fedex ATR-42 Plane crashes at Lubbock Preston Smith International Airport, Texas Tuesday approximately 4:40 a.m. in freezing mist.
U.S. stocks fell for the second day on Wednesday after economic bellwether FedEx Corp. released disappointing results and reinforced concern over bank losses.
FedEx Corporation said after the close of regular trading Monday that it will stop using FedEx Kinko's name on its copy and office service store and record a charge of about $891 million to change its name of FedEx Office.
FedEx Corp. said Friday it will cut its fiscal fourth-quarter earnings forecast, citing a spike in fuel costs on soaring oil prices by at least $100 million more than estimated.
Google eased to the top rank after being rated as number one brand in the UK leading the nation's other 500 brands.
UPS Inc. announced on Friday that it will increase the general rate of about 5.4 percent on non-contractual shipments in the U.S. and Canada.
Officials at UPS said in October that its growth this peak season would be slower than in the previous four years. FedEx last week cut its forecast for the company's current quarter that ended November 30, citing fuel costs and weak freight volumes in its trucking unit.
Package delivery company FedEx Corp cut its earnings forecast for the current quarter on Friday, citing higher fuel prices and weaker demand for ground shipments too small to fill a truck.
U.S. stocks on Friday fell for a third day following lowered earnings forecasts by Starbucks Corp and FedEx Corp.,making investors uneasy about the outlook for consumer spending.
The Teamsters union and United Parcel Service Inc on Sunday said they reached a tentative five-year agreement that will raise parcel workers' wages and increase the company's contributions to funds providing pensions and benefits.
Package delivery company FedEx Corp. could become a target for private equity buyers because of its modest valuation and turnaround potential, Barron's reported in its July 9 issue.
Package delivery company FedEx Corp. on Wednesday reported a profit that missed analysts' forecast and said earnings growth would fall short of expectations due to continued softness in the U.S. economy.
As part of its Eastern Europe expansion strategy, FedEx Corp. (NYSE: FDX) said Thursday that it has signed an agreement to acquire Flying-Cargo Hungary Kft., its Hungarian global service participant.
Shares of parcel delivery service FedEx (NYSE: FDX) fell slightly on Wednesday after the company said profitability for the year will be lower than its long term objective due to a slower economy.
Fed Ex Corp. (NYSE: FDX) reported Wednesday that its net profit rose in its second fiscal quarter for 2006 but fell short of Wall Street expectations.
FedEx became the first company to cancel an order placed with Airbus for the A380 super-jumbo jet on Tuesday, due in part to two-year production delays by the aircraft manufacturer. In addition, the company turned to rival Boeing to order 15 new 777 freighter aircraft with a $3.5 billion list price.
