Quartz35d agobearish
FedEx sells supply chain unit to CMA CGM for $1.4 billionThe deal would nearly triple the size of CEVA Logistics' North American contract logistics operations and includes multiyear air and ocean freight agreements
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FreightWaves35d agobearish
FedEx sells supply chain unit to CMA CGM for $1.4BFedEx is selling off its supply chain services division to CMA CGM, which will fold the business into its Ceva Logistics subsidiary. The post FedEx sells supply chain unit to CMA CGM for $1.4B appeared first on FreightWaves.
The Wall Street Journal35d agobullish
French Shipping Company CMA CGM to Buy FedEx Supply Chain for $1.4 BillionCMA CGM will offer ocean transport and carrier services under a nonexclusive agreement with FedEx and the companies will also work together on select air-cargo capacity solutions.
Supply Chain Dive35d agobullish
CMA CGM to buy FedEx’s contract logistics unit for $1.4BOnce the deal for FedEx Supply Chain is complete, the two companies also plan to solidify multiyear ocean and air freight agreements.
Financial Times35d agoneutral
CMA CGM nears $1.4bn deal for FedEx logistics unitFrench container shipping group CMA CGM is nearing a deal to buy FedEx’s third-party logistics business for $1.4bn in cash, further strengthening...
Messenger-Inquirer, Owensboro, Ky.35d agoneutral
FedEx closing local shipping center in AugustFedEx will be closing its local shipping center at 2200 Ragu Drive next month. According to David Westrick, a FedEx spokesman, the facility will be closing permanently on Aug. 29. Westrick said he could not provide any specific details about the number of employees that will be affected or how this will affect local FedEx shipping services. Local customers have already started receiving emails ...
Supply Chain Dive36d agoneutral
FedEx to return full MD-11 capacity ahead of peak seasonAfter grounding its entire MD-11 fleet in November, the carrier began reintroducing the aircraft in May, CEO Raj Subramaniam said.
Quartz40d agobearish
FedEx Freight Q4 2026 first earnings spinoff profit dropOperating income fell nearly 67% in the fourth quarter, weighed down by $205 million in spinoff costs, though revenue rose 4.8%
Yahoo Finance40d agoneutral
Shipping companies are beginning to pass along over $1 billion in tariff refunds to customers. That's just phase 1.Shipping companies are at the forefront of efforts to both seek payback from the government for tariffs illegally collected under the International Emergency Powers Act and pass on the money to customers.
Trucking Dive40d agoneutral
FedEx Freight turns focus toward high-margin shipmentsThe LTL carrier has its sights set on gaining market share in the healthcare, grocery and technology markets as an independent company.
FreightWaves40d agoneutral
FedEx Freight forecasts growth as standalone companyFedEx Freight expects profit margin to grow by more than 9% in the back half of the year, up more than a point from last year’s growth. The post FedEx Freight forecasts growth as standalone company appeared first on FreightWaves.
Barrons.com40d agobullish
FedEx Freight’s First Earnings Report Beats Estimates. The Stock Doesn’t Move.FedEx Freight which spun off from FedEx on June 1, beat analyst expectations for revenue in its first earnings report as a standalone company. Its fourth-quarter revenue came in at $2.4 billion, ahead of analyst estimates just shy of $2.3 billion. FedEx Freight focuses on less-than-truckload (LTL) deliveries to industrial customers that don’t need a full truck to send items short distances.
Investing.com40d agoneutral
FedEx Freight forecasts growth after spin-off despite margin pressure in Q4Investing.com -- FedEx Freight on Thursday outlined a stronger earnings outlook for the remainder of 2026 as it begins operating as an independent publicly traded company, despite reporting sharply lower quarterly profit due to separation-related costs, weaker shipment volumes and higher labor expenses.
The Wall Street Journal40d agoneutral
FedEx Freight Guides for Growth After Spinoff from FedExThe company expects revenue to grow 4% to 6% for June 1 to Dec. 31, and said the outlook reflects its confidence in the underlying strength of the business..
MarketBeat41d agobearish
FedEx’s Earnings Drop May Be Missing the Bigger Freight StoryFedEx's structural improvements and divestitures have it on track to reduce debt and buyback shares, boost shareholder value, and drive its stock price upward.
Supply Chain Dive41d agoneutral
FedEx to send tariff refunds to customers starting in AugustThe carrier will prioritize returning duties first to shippers that opt in to sharing shipment and refund data with vendor partners.
Reuters Videos41d agobearishVIDEO
FedEx shares fall on lower margins, concerns over Freight spinoff<body><p>STORY: Shares of FedEx fell Wednesday morning after the company posted lower margins in its core delivery segment.</p><p>That raised investor doubts about its future following the spinoff of its highly profitable trucking unit.</p><p>In a bid to focus on its delivery business, FedEx spun off its trucking unit, FedEx Freight, earlier this month. </p><p>The slimmed-down company is under investor scrutiny to bolster profits and reduce costs, which have climbed for employee salaries and benefits as well as for outsourced transportation and fuel.</p><p>U.S. logistics firms including UPS and FedEx have been battling volume decline due to changing U.S. trade policies, while the Iran war has pushed fuel prices higher.</p><p>Also weighing on volumes is the loss of duty-free "de minimis" treatment for low-value e-commerce shipments tied to China-linked discount sellers, such as Shein and Temu.</p></body>
FreightWaves41d agoneutral
More FedEx MD-11 cargo jets return to service, others are retiredFedEx is slowly redeploying its fleet of MD-11 aircraft that were grounded for seven months following the fiery crash of a UPS freighter, but has also decided to retire 10 aging aircraft. The post More FedEx MD-11 cargo jets return to service, others are retired appeared first on FreightWaves.
Proactive41d agobearish
FedEx strong underlying momentum highlighted by Bank of America, as shares fall on ‘near-term noise’FedEx Corp (NYSE:FDX, XETRA:FDX) shares fell on Wednesday following its latest earnings report, even as Bank of America said the company continues to show strong underlying earnings momentum, with the post-earnings decline driven more by reporting-transition complexity than by operational...
Sourcing Journal41d agoneutral
FedEx to Return $800 Million in Tariff RefundsReimbursements will begin in August, says the logistics giant, whose Q4 revenue benefited substantially from Iran war-driven fuel surcharges.
24/7 Wall St.41d agoneutral
An Analyst Says the FedEx Selloff Is a ‘Misinterpretation’ and the Revenue Beat Is Getting BuriedThe day after FedEx (NYSE:FDX) reported, the stock is down again, and an analyst on CNBC’s Closing Bell Overtime spent his segment trying to convince viewers that the people selling are reading the wrong line of the income statement. The shares finished the prior session lower and slid another 1.83% in Wednesday’s session to $311.43, ... An Analyst Says the FedEx Selloff Is a ‘Misinterpretation’ and the Revenue Beat Is Getting Buried
MT Newswires41d agoneutral
FedEx Positioned for Multi-Year Earnings Growth Despite Freight Spin-Off, UBS SaysFedEx (FDX) may face near-term pressure from the recent spin-off of its freight business and a trans
Trefis42d agoneutral
Is FedEx's Growth Story Getting Lost In The Costs?The delivery giant is posting impressive sales growth, but a tangle of new expenses has investors hitting the brakes.
Quartz42d agobearish
FedEx posts Q4 2026 earnings beat. But stock falls on weak guidanceThe shipping giant reported adjusted EPS of $6.31 versus expectations of $5.96, but its new calendar-year profit forecast fell short of expectations
Investing.com42d agoneutral
Absci, FuelCell Energy surge premarket; Cerebras, FedEx tumbleInvesting.com - U.S. stock index futures were mixed on Wednesday, with the S&P 500 and Nasdaq edging higher after a bruising two-day selloff in technology and semiconductor shares. Investors were also looking ahead to earnings from memory chipmaker Micron for fresh clues on the outlook for artificial intelligence-related demand.
InvestorsHub42d agobearish
FedEx Shares Fall After 2026 Outlook Disappoints Despite Strong Fourth-Quarter Results (FDX)FedEx (NYSE:FDX) shares dropped more than 6% in premarket trading on Wednesday after the logistics group issued a 2026 profit forecast that fell short of market expectations, overshadowing stronger-than-expected fourth-quarter earnings and revenue. Fourth-Quarter Results Top EstimatesThe package delivery company reported adjusted earnings of $6.
MT Newswires42d agoneutral
FedEx Issues Weak Earnings Outlook Despite Surprise Fiscal Fourth-Quarter Profit GrowthFedEx (FDX) shares fell early Wednesday after the company provided a calendar-year earnings outlook
Zacks42d agoneutral
FDX Q4 Earnings Call Highlights Premium Growth, New OutlookFedEx touts premium revenue mix, cost savings and stronger cash flow as it resets its calendar 2026 outlook after a solid fiscal fourth quarter.