FDX Stock Recent News
FDX LATEST HEADLINES
FedEx (FDX) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
It's a risky idea but targeting the best transportation stocks to buy in April could be a lucrative approach. That's because companies tied to the underlying industry is where the economic rubber meets the road.
The non-renewal of the contract brings an end to USPS' more than two-decade long relationship with FedEx (FDX).
The US Postal Service (USPS) has selected the United Parcel Service Inc (NYSE:UPS) as its primary partner for transporting cargo by air to replace FedEx Corp (NYSE:FDX, ETR:FDX), which has carried out this role for more than 20 years. The USPS and FedEx had been negotiating an extension to their current contract, which expires in late September, but were unable to reach an agreement, FedEx said in a regulatory filing.
FedEx Corp (NYSE:FDX) stock is slipping today, after the U.S. Postal Service officially opted to replace FedEx with rival United Parcel Service (UPS) as its primary air cargo carrier.
United Parcel Service (UPS) announced Monday it is becoming the primary air cargo provider of the United States Postal Service (USPS), replacing FedEx (FDX) in the position.
United Parcel Service Inc (NYSE: UPS) is in the green this morning after the United States Postal Service said the multinational will become its primary air cargo provider. FedEx is parting ways with USPS U.S. Mail has so far been working with FedEx Corp (NYSE: FDX) on air cargo.
FedEx's (FDX) efforts to reward shareholders and cost-cutting initiatives amid weak demand are commendable. However, volume-related challenges in the FedEx Express segment are concerning.
FedEx Corp.'s stock fell more than 2% early Monday, after the parcel-delivery company said its contract with the U.S. Postal Service, USPS, will expire on Sept. 29, after the two entities failed to agree to terms to extend it.
Investors have a few ways to get their money back once they invest in a stock. The most common way to collect returns is simply to sell a stock – hopefully – at a higher price.