So the U.S. economy added hundreds of thousands of jobs last month and everything is fantastic, right?
If you were hoping for a Santa Claus rally in stocks, you might need to leave out some more milk and cookies.
Recession worries won't be slowing down FedEx this holiday season. The global shipping giant said Monday that this December 12 is set to be the busiest day in company history, with more than 17 million packages in transit. This haul is part of the roughly 260 million shipments FedEx expects to handle between Thanksgiving and Christmas, a 12% increase from last year.
FedEx stock fell to its lowest level since December 2008 on Thursday.
The Federal Aviation Administration is proposing a $689,800 fine against FedEx for violating federal rules governing the shipment of hazardous materials on cargo planes.
The pigeon in my son's favorite series of children's books "loves things that go." (Mo Willems is a genius.) Well, the market loves things that go too.
Investors are obsessing about Greek debt and the end of the Fed's QE2. But by the end of next week, those two stories may be soooo last month. So June.
U.S. stocks closed broadly higher Thursday, after two days of heavy losses on Wall Street, as investors cheered an upbeat outlook from economic bellwether FedEx.
Is the economy of the United States in better shape than many people think?
Every day more than 285,000 FedEx team members deliver some 7 million packages to 220 countries. Every 24 hours our aircraft fly 500,000 miles, and our couriers travel 2.5 million miles. We accomplish this with 670 aircraft and 70,000 motorized vehicles worldwide -- nearly every single one of which is fueled by oil, the lifeblood of today's mobile, global economy. We are all dependent upon it, and that dependence comes at a significant cost. U.S. armed forces expend enormous resources protecting chronically vulnerable oil transit routes and infrastructure around the globe. Oil dependence influences U.S. foreign policy, requiring us to accommodate governments that share neither our values nor our goals. Every American recession over the past 35 years has been preceded by -- or occurred concurrently with -- an oil price spike. And petroleum was responsible for 43% of U.S. energy-related CO2 emissions in 2009.
Stocks closed at two-year highs Thursday, with two of the three major indexes hitting their highest levels since September 2008. Investors looked on the brighter side of mixed reports on housing and jobs that came out before the opening bell.
A lot of people talk about Federal Express as an economic bellwether. And even though FedEx reported a lower than expected profit Thursday, we should all hope that more companies follow the shipping giant's lead.
U.S. stocks were poised to open little changed Thursday morning, after a couple of economic reports gave a mixed picture of the labor and housing markets.
updated: Mon Dec 13 2010 10:43:00
CNN's Joe Johns talks to Chuck Vookles with FedEx about the record number of packages moving today for the holidays.
FedEx on Friday found a package containing radioactive material that went missing a day earlier at one of its shipping stations in Knoxville, Tennessee, the company said.
On paper, investors have plenty of reasons to get off the sidelines. The jobs landscape has been improving, manufacturing has expanded for 13 straight months, and other economic reports have been pointing to steady growth.
The outlook for a global economic recovery is still clouded by uncertainty, reflected by a mixed report from delivery giant FedEx Thursday.
U.S. stocks were poised to open lower Thursday, as investors digested FedEx's latest results and weekly data on first-time filers for jobless benefits.
Stocks rallied Monday after FedEx's improved forecast and a better-than-expected housing market report tempered worries about the economic outlook.
Delivery giant FedEx Corp. boosted its earnings forecast for the current quarter and full year Monday. The company cited increased demand for its express and ground services as the global economy continues to recover.
Just as Apple fans were at their jitteriest about the impending delivery of their iPhone 4s, FedEx's online tracking system crashed Wednesday afternoon.
At the recent Fortune Brainstorm: Green conference, the subject of the famous FedEx overnight envelope came up. One of my fellow panelists said he was surprised to still see those envelopes, implying that the contents could easily be transmitted electronically, and that somehow this service was environmentally "wasteful."
updated: Mon Mar 23 2009 09:33:00
A FedEx cargo plane crashed as it landed amid heavy winds at a Tokyo airport, bursting into flames.
The pilot and co-pilot aboard a FedEx cargo plane were killed when the plane burst into flames Monday while landing at Tokyo's Narita airport in Japan, airport and hospital officials said.
updated: Tue Jan 27 2009 19:56:00
A FedEx cargo plane makes a crash landing a Texas airport. Both crew members were taken to the hospital.
Two crew members were taken to a hospital after a FedEx cargo plane crashed on landing Tuesday morning at the Lubbock, Texas, airport, officials said.
FedEx reported higher quarterly earnings and revenue, but said Thursday that it has been challenged by poor economic conditions during the second quarter ending November 30th.
Stocks tumbled Tuesday morning as a profit warning from FedEx and some buyer's remorse after a two-session rally sent stocks tumbling in the early going.
If you're looking for insight into the global economy, Fred Smith is a pretty good place to start. As CEO of Memphis-based package-delivery giant FedEx, he oversees an army of some 290,000 workers who collectively move 7.6 million parcels daily to more than 220 countries.
The skyrocketing price of fuel has already made it costly to fly, but now getting your luggage on board is pricier too, causing some travelers to consider sending it separately.
FedEx issued a nasty surprise to Wall Street this morning.
Markets were down on Wednesday midway through the session after FedEx and Morgan Stanley both announced poor earnings Wednesday morning.
U.S. stock futures pointed to a weak open for stocks Thursday as investors remained unsettled by the credit crisis and awaited earnings from FedEx.
updated: Wed Feb 27 2008 11:05:00
A California cancer patient is awarded $9.3 million in a health insurance cancellation case. Elizabeth Cohen reports.
FedEx was ordered to pay $319 million in back taxes by the IRS over a disagreement on how the company classified workers for its ground-delivery business, it said in a filing to the Securities and Exchange Commission Friday.
This week the Supreme Court took up a case that could have far-reaching effects on workplace discrimination lawsuits nationwide.
Package delivery company FedEx Corp. said Thursday its fiscal 2008 first-quarter earnings rose 4 percent to beat Wall Street's expectations on strong international growth.
Package delivery company FedEx Corp. on Wednesday reported a disappointing profit and said earnings growth would fall short of expectations due to continued softness in the U.S. economy.
So far, 2007 has not resembled golf's Golden Age. Here are the ten biggest disappointments thus far in golf this year:
(AP) -- The Viking Classic in Annandale, Miss., already was feeling minimized by getting a spot on the PGA Tour calendar after the FedEx Cup competition was over. Then came the announcement from Augusta National that PGA Tour winners again would automatically qualify for the Masters -- but only those events that offered full FedEx Cup points.
Following the first round of the new golf season, at last week's Mercedes-Benz Championship at Kapalua's Plantation Course in Maui, Hawaii, Vijay Singh sauntered into the press room expecting to discuss the 69 that had put him among the early leaders. Instead he was asked about the FedEx Cup, the overarching name for the PGA Tour's radically reorganized schedule.
Baggage hassles can be the cherry on a sundae of a bad business trip. So why not skip them? For those who don't mind paying for the convenience, a handful of companies will pick up and deliver your...
FedEx ranks no. 197 on FORTUNE's Global 500 this year, with $29.4 billion in revenues, up 18.8% from the previous year. The Memphis, Tennessee-based company was ranked no. 215 on the 2005 list. Its 2005 profits were $1.4 billion, up 72.9% from a year earlier. 2005 was a banner year for most Global 500 companies.
"The concept is interesting and well formed, but in order to earn better than a C, the idea must be feasible," a college professor supposedly wrote in response to a student's term paper outlining the need for a reliable overnight delivery service.
Global economic growth is providing the air beneath the wings of FedEx, the leading air express shipper.
Blue chips soared for the second straight session Wednesday, with the Dow Jones industrial average up over 100 points while the broader market posted solid gains, as investors cheered several strong earnings reports.
It's easy to feel a bit sorry for any company's chief information officer these days. The pace of technology is accelerating, and costs seem to be going up just as fast. But for Rob Carter, the CIO...
It's easy to feel a bit sorry for any company's chief information officer these days. The pace of technology is accelerating, and costs seem to be going up just as fast.
What We Said
Let's just get this out of the way--work is not supposed to be fun. There is a reason that what we do each day shares its name with the biblical personification of hopeless pain and suffering, Job ...
As senior manager of FedEx's bustling Anchorage hub, Dale Shaw oversees hundreds of employees who unload and sort up to 13,400 parcels per hour arriving from Taipei, Pudong and Hong Kong, and bound, that same day, for hubs in Memphis, Newark, and Los Angeles.
This is the season for companies to deliver presents -- and also take back gifts that are being returned. So it's not surprising that shares of overnight shipper FedEx often perform well between Labor Day and Christmas.
FedEx Corp. Wednesday delivered better than expected earnings and improved guidance to its investors Wednesday.
Watching TV in Memphis, Mike Mitchell didn't get it. Day after day, the FedEx Express senior technical advisor heard reporters describe how desperately New Orleans rescuers needed communications. N...
[HIT] You're absolutely, positively willing to pony up. Rising fuel costs have kept airline profits grounded. So how has FedEx--which runs the largest cargo jet fleet in the world, as well as 700,0...
IT'S ONE THING FOR FORTUNE'S Fastest-Growing Companies--with median annual sales of just $582 million--to increase revenues and profits by double-digit percentages. It's quite another for the giant...
In late June, FedEx delivered some sobering news to investors. While discussing its fiscal 2005 fourth-quarter numbers, the shipper said that increased fuel costs and pricing pressure would cause i...
Stocks took a beating Thursday, with investors bailing out as crude oil briefly hit a record $60 a barrel, sparking worries that slowing economic growth would dent corporate profits.
Analysts were downgrading Federal Express last fall. But since December, four firms have upped their ratings. This change in sentiment has yet to be reflected in the stock price, however. At a current $90 a share, Federal Express is nearly 12 percent below its 2005 high.
AS TYPHOON NANMADOL SPUN ACROSS THE South Pacific last Thanksgiving, few people monitored it as closely as FedEx's meteorologists in Memphis. The company runs its Asian flights out of a single-runw...
HOURS AFTER MONSTER TSUNAMIS POUNDED SEASIDE communities around Asia on Dec. 26, executives at FedEx sprang into action. Members of the company's global community relations team worked the phones, ...
FedEx Corp, the world's largest air-express mail service, was ordered to pay $1.5 million for retaliating against an employee who tried to promote two minority workers, according to the Equal Employment Opportunity Commission Wednesday.
NEW YORK (CNN/Money) - To every miffed reader who has written in complaining about the recommendations in CNN/Money's Holiday Tipping Guide, let me just say I couldn't agree with you more.
If you ever find yourself up in Anchorage, make a right turn off Minnesota Drive onto Northern Lights Boulevard as you leave downtown. The road dips and twists for two miles, skirting Lake Hood and...
These ought to be tough times for service companies like Federal Express that depend on the general level of business activity.
Most CEOs couldn't find Qingdao on a map, but the coastal city in China's northern Shandong province has been in Fred Smith's cross hairs for some time. Smith, founder and CEO of express-delivery k...
FedEx Corp. said Wednesday it expects to beat first-quarter and full fiscal year forecasts, as broad-based economic improvement across many sectors in the U.S. and world economies should help shipment volumes.
FedEx Corp. said Thursday that it expects fiscal fourth quarter earnings to come in better than its earlier guidance and current Wall Street forecasts.
Not so long ago, FedEx was a prime example of why you shouldn't value a stock based solely on reported earnings. In 2001 the express-delivery icon reported earnings of $584 million, yet lost $69 mi...
U.S. stocks markets rallied Wednesday for the second consecutive session as investors continued to find bargains in a variety of sectors after an almost week-long selloff.
FedEx Corp. delivered a surprising jump in quarterly earnings and made a bullish forecast for the current quarter, sparking Wednesday's rally in the stock of the leading overnight package delivery company.
It's late morning in San Francisco's South of Market district, and Ramon Umali quickly steers his green-and-violet Federal Express truck into a U-turn. One of his biggest customers--online adult-to...
Most Admired companies? Please. Scanning the headlines these days makes you wonder if there are any companies worthy of our esteem. Enron, Arthur Andersen, Kmart, Global Crossing, Warnaco, Tyco--ne...
While you were sleeping, they were up working--sorting packages, selling saws, creating software, mapping galaxies--unless, that is, you were up working too. Deep night, the once lonely landscape o...
When the Vancouver Grizzlies announced they were looking for a new home, Tricon Foods and the city of Louisville offered the owner $100 million to change the team's name to the Kentucky Colonels an...
You might not think of FedEx as a travel company, but perhaps the most popular perk is "jump-seating"--a practice allowing employees to hitch an unlimited number of free rides anywhere in the world...
Breath mints are for weenies. These days, the orally fixated are catching on to something Indians have known for thousands of years--when it comes to maintaining socially acceptable breath, nothing...
You open the front door in your bathrobe and your jaw drops. There on the front porch is that Hewlett-Packard printer you ordered on the Internet last night. Standing right next to it is one of tho...
When FedEx's pilots threatened to strike last fall, David Shoenfeld's first thought was for the company's relationship with its customers. Recent strikes at archrival UPS and Northwest Airlines had...
Mary Ann Adams, 44, recently landed a job as a finance executive at Southwest Airlines, No. 1 on our list of the 100 Best. Sure, she had to prove she knew her weighted average costs of capital, but...
During one of his two combat tours in Vietnam, Federal Express CEO Frederick Smith got a quick lesson in survival from a crusty Marine sergeant. "Lieutenant," the sergeant told Smith, "there's only...
If it absolutely, positively, has to be there overnight, the FedEx unit of the Air Line Pilots Association would like you to think about this word: maybe.
In a new series of TV commercials, Federal Express Corp. uses conflict, tension, and ultimately humiliation . . . to sell its package-delivery service. In the process, the ads navigate some minefie...
Battling an inclement job market? Consider weather forecasting, where the extended outlook is bright. The Bureau of Labor Statistics predicts 40% more civilian meteorologists by the year 2005, twic...
WHEN Federal Express bought the legendary Flying Tigers international air freight operation last year for $883 million, it seemed as though the company had cemented the capstone on a strategy to tu...
Glasses clink. Platters of shrimp and tuna are replenished. In one corner of the room Asao Kanamori, executive VP of Sanshin Electronics, discusses Kabuki, a form of Japanese theater. Business card...
The company that created the multibillion-dollar market for express mail is trying to work its magic all over again. In just 17 years, Federal Express built itself from a firm with 26 planes delive...
Federal Express. The overnight delivery king (NYSE, $56.25) now aims to be a worldwide courier. Some analysts see its share price nearly doubling by 1992. Page 62
Talk about a bumpy ride. For the past four years stockholders of Federal Express have been rocked by one jolt after another. In 1986 the company lost more than $300 million on its ill-starred facsi...
THEY ARE such an integral part of the American landscape you don't really notice them most of the time. They fade into the urban scene like so many telephone poles or fire hydrants. But once you ar...
In Memphis everybody knows the story of the local boy, Frederick W. Smith, and the company he made famous: Federal Express, the hugely successful overnight package delivery service. Each evening ab...
Though Federal Express expected to make a bundle on an electronic alternative to its overnight delivery service, it spent $400 million on ZapMail and racked up huge losses (FORTUNE, July 21). In Se...
LONG IN A steep climb, the air express industry is going through a shakeout rougher than anyone expected only a few months ago. A fresh round of price cutting and a sudden slowdown in sales growth ...
MCI Communications and Federal Express expected to sizzle when they launched electronic mail services to provide same-day delivery (FORTUNE, August 20, 1984). But Federal Express lost $83 million o...
Loading weather data ...
© 2013 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
|