FedEx Corp. stock plunged Wednesday after the company’s quarterly miss and steep outlook cut triggered several Wall Street downgrades. FedEx FDX, -12.92% late Tuesday reported fiscal first-quarter earnings below market expectations and further spooked analysts by cutting its guidance for fiscal 2020 by about 18%, blaming it largely on “trade tensions” and global economic weakness. […]
May 6, 2019 Memphis, TN – After a three-day jury trial, a Memphis man was found guilty for obstruction of mail. U.S. Attorney D. Michael Dunavant for the Western District of Tennessee announced the guilty verdict today. According to information presented in court, in 2015, Braylon Butler, 25, worked at the FedEx Hub as a […]
FEBRUARY 14, 2019 – Husch Blackwell announced today the publication of its Top 150 U.S. Postal Service Suppliers list, an annual look at the companies with the largest supplier relationships with the U.S. Postal Service (USPS). All told, USPS spent nearly $16 billion on outside purchases, about $900 million more than the year before. Not […]
EAST MOLINE, Illinois — Police say weather played a part in the death of a FedEx worker whose body was found outside of an Illinois delivery hub Thursday amid sub-zero temperatures. The worker, a 69-year-old man, was found dead at FedEx Freight in East Moline, according to Rock Island County Coroner Brian Gustafson. Captain Darren […]
Fred Smith, founder, and CEO of FedEx told Bloomberg this morning that they don’t see any negative impact from Amazon doing more of their deliveries themselves. Smith says that the biggest entity that will lose business as Amazon implements its own delivery force is the US Postal Service: “I don’t think it (Amazon’s split HQ […]
U.S. Attorney Announces the Indictment of 11 Former FedEx Express Employees and Two Former Contractors for the U.S. Postal Service on Federal Mail Theft Charges 9/17/18 Memphis, TN – On September 11, 2018, a federal grand jury indicted 11 former FedEx Express employees and two former contractors for the U.S. Postal Service on federal mail […]
MEMPHIS, Tenn., Sept. 12, 2018—FedEx Corp. (NYSE: FDX) has boosted its capacity and operational innovation to expand FedEx Ground U.S. operations to six days per week in response to the growing e-commerce demand and record influx of volume expected this holiday season, and beyond. “FedEx anticipated early on that the growth of e-commerce would significantly […]
President Trump has been mum about the task-force report on the U.S. Postal Service he ordered in April and received last month, which J.P. Morgan analyst Brian Ossenbeck interprets as a sign that Trump wasn’t very happy with the outcome: Trump had issued an executive order on the night of April 12, calling for an […]
Memphis, TN – Three Memphis women have been indicted with stealing mail intended for religious organizations throughout the United States. U.S. Attorney D. Michael Dunavant for the Western District of Tennessee announced the indictments today. According to the indictments, throughout 2015, Tiara Williams, Crystal Berry and Kimberly Smith worked in the same area in the […]
With “Parcel Metro” service, DHL looks to be big fish in fast-growing delivery pond What DHL brings to the table is its technology and, perhaps more important, its global brand. The U.S. last-mile parcel market is both embryonic and hodge-podge-like, with startups like New York-based Deliv vying for share along with other eager pros and […]