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Consumer stocks were mixed late Wednesday afternoon, with the State Street Consumer Staples Select S

The sale of FedEx Supply Chain nearly triples Ceva Logistics' North American contract logistics footprint while sharpening FedEx's focus on parcel delivery.

Investing.com -- Goldman Sachs initiated coverage of FedEx Freight Holding with a Buy rating and a $186 price target, implying roughly 23% upside from current levels, citing the newly independent less-than-truckload carrier’s potential to improve profitability, pricing power and cash generation following its spin-off from FedEx.

FedEx (FDX) has agreed to sell its supply chain subsidiary to French shipping and logistics firm CMA

FedEx is leaning on DRIVE, Network 2.0 and other efficiency moves to offset soft shipping demand and top-line pressure.

French container shipping company CMA CGM Group said Wednesday it will buy FedEx Supply Chain, the third-party logistics subsidiary of FedEx for $1.4 billion, as it works to expand in the U.S. CMA CGM Group said the acquisition will triple the size of its own logistics arm, CEVA Logistics and help build its presence as a contract logistics provider in North America. In 2025, CMA CGM pledged to invest $20 billion in its U.S. warehousing, air cargo and logistics over four years.

Investing.com -- French shipping giant CMA CGM has agreed to acquire FedEx's third-party logistics business for an enterprise value of $1.4 billion in cash, the company confirmed Wednesday, July 1, stripping FedEx of its largest warehousing and contract logistics operation in a deal that extends a sweeping restructuring of the U.S. package delivery giant.

The deal would nearly triple the size of CEVA Logistics' North American contract logistics operations and includes multiyear air and ocean freight agreements

FedEx 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.

CMA 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.

SpaceX initiated, Salesforce upgraded: Wall Street's top analyst calls

Once the deal for FedEx Supply Chain is complete, the two companies also plan to solidify multiyear ocean and air freight agreements.

FedEx Freight Holding Company, Inc. (NYSE:FDXF) is one of the stocks that were recently added to the S&P 500 index. The company was added to the index following a spinoff from FedEx Corporation (NYSE:FDX). On June 26, TheFly reported that BofA raised its price target on FedEx Freight Holding Company, Inc. (NYSE:FDXF) from $185 to […]

French container shipping group CMA CGM is nearing a deal to buy FedEx’s third-party logistics business for $1.4bn in cash, further strengthening...

FedEx 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 ...

After grounding its entire MD-11 fleet in November, the carrier began reintroducing the aircraft in May, CEO Raj Subramaniam said.

JPMorgan, Micron, FedEx, Nike and Constellation Brands lead focus as Q2 earnings season gains pace with upbeat profit growth and estimate revisions.

FedEx (NYSE:FDX) has completed the spin-off of its FedEx Freight unit into a separate, publicly traded company. The newly independent FedEx Freight has begun trading and reported its first quarterly results as a standalone business. This transaction reshapes FedEx's business structure by separating its less-than-truckload operations from its express and ground segments. For you as an investor, this move changes how FedEx is structured and how its different lines of business are exposed to...

The revisions trend for full-year 2026 is even more positive than for Q2, with estimates for 11 of the 16 Zacks sectors going up since the start of March.

The revisions trend for full-year 2026 is even more positive than for Q2, with estimates for 11 of the 16 Zacks sectors going up since the start of March.

PBI's cash flow rebound is gaining investor attention as stronger margins, cost control and capital returns test its turnaround durability.

The stock market was mixed, but the S&P 500 and Nasdaq are below their 50-day lines. Micron earnings soared on memory prices, which hit Apple.

Operating income fell nearly 67% in the fourth quarter, weighed down by $205 million in spinoff costs, though revenue rose 4.8%

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.

The LTL carrier has its sights set on gaining market share in the healthcare, grocery and technology markets as an independent company.

Customers have ways to mitigate cost pressures that may stem from dimensional reporting tweaks and sub-pound rate changes starting July 12.

FedEx 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.

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.

The Nasdaq reversed lower again while the Dow came off record highs. Micron soared but Apple led other tech titans lower.

Investing.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.