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FedEx (FDX) Is Selling FedEx Supply Chain To CMA CGM For $1.4 Billion
Simply Wall St.32d agobearish
FedEx (FDX) Is Selling FedEx Supply Chain To CMA CGM For $1.4 Billion

FedEx (NYSE:FDX) is selling its FedEx Supply Chain unit to French shipping group CMA CGM in a US$1.4b transaction. The deal will see CMA CGM’s CEVA Logistics nearly triple its North American contract logistics scale, according to company disclosures. As part of the sale, FedEx and CMA CGM plan multi year commercial agreements covering air and ocean freight services. This move marks a clear shift for FedEx toward its core express and ground parcel operations, while stepping away from large...

FDX
FedEx sells supply chain unit to CMA CGM for $1.4B
FreightWaves35d agobearish
FedEx sells supply chain unit to CMA CGM for $1.4B

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.

FDX
FedEx shares fall on lower margins, concerns over Freight spinoff
Reuters Videos41d agobearishVIDEO
FedEx shares fall on lower margins, concerns over Freight spinoff

<body><p>STORY: Shares of FedEx fell&nbsp;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.&nbsp;</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 &nbsp;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>

FDXUPS
FedEx shares drop on weak profit forecast as Q4 results top estimates
Proactive42d agobearish
FedEx shares drop on weak profit forecast as Q4 results top estimates

FedEx Corp (NYSE:FDX, XETRA:FDX) shares fell nearly 5% in after-hours trading on Tuesday after the package delivery company issued fiscal 2027 earnings guidance that came in below Wall Street expectations, overshadowing stronger-than-expected fourth quarter results. FedEx projected fiscal...

FDX
FedEx tops Q4 earnings estimates, stock drops
Yahoo Finance Video42d agobearishVIDEO
FedEx tops Q4 earnings estimates, stock drops

International courier service FedEx (FDX) topped fiscal fourth quarter estimates on adjusted earnings ($6.31 per share vs. expectations of $5.97). The stock is dropping in Tuesday's after-hours trading. Market Domination Overtime Anchor Josh Lipton takes a closer look at FedEx's earnings release.

FDX
Delivery giant closes facility, cuts 100s of workers
TheStreet54d agobearish
Delivery giant closes facility, cuts 100s of workers

FedEx built its reputation on speed with overnight packages, reliable routes, and trucks that became part of the daily routine and business districts across the country. Now, the company is trying to make that massive delivery system leaner through its Network 2.0 transformation project to reduce ...

FDX