FDX Stock Recent News

FedEx (FDX) closed the most recent trading day at $213.41, moving -1.65% from the previous trading session.

First Horizon to serve as presenting sponsor of tournament Pro-Am and Pairings Party MEMPHIS, Tenn. , May 6, 2025 /PRNewswire/ -- First Horizon Bank (NYSE: FHN) and tournament officials announced today that First Horizon Bank has been named as Official Financial Services sponsor of the 2025 FedEx St. Jude Championship at TPC Southwind, August 6-10, 2025, and will also serve as presenting sponsor of the tournament's Pairings Party and Championship Pro-Am on Wednesday, August 6, 2025.

FedEx's share price is down a staggering 31% from November highs, following a mixed Q3 earnings and the 2025 market correction fueled by tariff tensions. Despite short-term headwinds, FedEx still has sturdy financials, excellent efficiency and profitability metrics, and debt management. The company is on track to deliver $8 billion in cost savings with the DRIVE and Network 2.0 programs, enhancing long-term efficiency and free cash flows, potentially facilitating share buybacks.

FedEx (FDX) reachead $210.33 at the closing of the latest trading day, reflecting a +0.23% change compared to its last close.

CORPUS CHRISTI, Texas--(BUSINESS WIRE)--In a complete defense victory, Schouest, Bamdas, Soshea, BenMaier & Eastham PLLC (SBSB Eastham) has secured a take-nothing judgment for its client FedEx Freight, Inc. in a lawsuit filed by the Florida-based company Zamindari Real Estate Investment One, LLC. The plaintiffs were seeking more than $7.5 million in damages claiming FedEx had failed to maintain a leased service center facility in Corpus Christi, Texas, claims the defendants vigorously denie.

Logistics provider FedEx (FDX -0.75%) holds the second-largest market share in the category, behind UPS (UPS -0.33%), in the U.S. market.

BOSTON , April 29, 2025 /PRNewswire/ -- indiGOtech (Tradename: GO), a new mobility tech company based in Massachusetts, today announced it closed a $54 million Series BB funding round, including investments from FedEx (NYSE: FDX), Foxconn (2354.TW) and FM Capital. These investments accelerate GO's mission to provide sustainable local transport, leveraging its patented SmartWheels™, Smart EVs and Smart Mobility Services.

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FedEx's operational transformation, including the "One FedEx" initiative and Network 2.0 program, aims to improve efficiency, margins, and flexibility in logistics and decision-making. Despite revenue declines post-pandemic, FedEx maintains strong cash flow, improved operating margins, and robust debt management, positioning for moderate growth in 2025. The company's shares are undervalued, presenting a buying opportunity with a potential 11.10% price increase and a total return of 13.79% including dividends.

I am downgrading FedEx to a hold due to significant macro risks, despite the company's strong cost control and operational improvements. Freight struggles and global tariffs are impacting demand, with industrial recovery not expected until 2FH26, affecting high-margin B2B shipments. Positive cost management is evident, with Express segment margins improving and significant savings from DRIVE and Network 2.0 initiatives.