FedEx Drops Kinko's name, Plans $891M Charge
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 Cuts Guidance, Blames Soaring Fuel Costs
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 Most Recognized Brand in UK
Google eased to the top rank after being rated as number one brand in the UK leading the nation's other 500 brands.
UPS to increase freight rate
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.
Online sales ease crunch for package giants
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.
FedEx stock falls after high fuel costs pinch outlook
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 draw bargain hunters amidst consumer concerns
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.
UPS, union agree on 5-year contract
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.
FedEx could lure private equity interest: Barron's
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.
FedEx 4Q Profit Rises, Misses Estimates
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.
FedEx to Acquire Hungarian Delivery Partner
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.
FedEx Shares Dip on Lower Outlook
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.
FedEx Earnings Fall Short of Expectations
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 Cancels A380 Order from Airbus
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.