Fedex

Mphasis shares slump nearly 3 percent fearing business hit on report that FedEx snapped business deal

During the March quarter earnings call, Mphasis had said there were no project cancellations, and it was confident of sustaining the deal momentum over the coming quarters.

FedEx plans to spin off $30 billion freight unit, CEO Raj Subramaniam says move to help both companies

FedEx said it will separate the unit, which is estimated to have an enterprise value of over $30 billion, within the next 18 months.

FedEx Scam: Bengaluru Lawyer Scammed of Rs 15 Lakh, Forced to Strip on 35-Hour Call

A 29-year-old lawyer in Bengaluru fell victim to a Rs 15 lakh scam by fraudsters impersonating CBI officers in the 'FedEx' scam. They manipulated her into stripping during a video call, claiming it was for a 'narcotics test'. Lasting nearly 35 hours, the criminals recorded her and extorted ransom by threatening to sell the footage on the dark web. Archana Solanki talks about this recent case from Bengaluru and offers advice on protecting yourself.

FedEx tightens 2024 profit forecast on cost cuts, shares jump 13%

Shares of the parcel delivery firm jumped 13% in extended trading after operating margin in its largest unit, Express, rose 2.5% in the February fiscal quarter from 1.2% a year ago.

India probes DHL, FedEx, UPS for alleged antitrust practices, price collusion

In 2022, DHL said it would invest $547 million to expand its warehousing and workforce in India, which it called a priority market. Last month, a FedEx unit invested $100 million to set up a technology and digital innovation centre.

FedEx profit misses, cuts full-year revenue forecast; shares sink

The global delivery firm's shares fell to $252.58 in extended trading after closing at $280 on December 19. The results also dragged down shares of rival United Parcel Service by 2.9 percent.

UPS/FedEx: picking a delivery hero is a wager on wages

An industry-wide fall in package volumes after two years of strong demand means the outlook is nothing to write home about

UPS could keep outpacing FedEx as e-commerce delivery market dims

Shares in UPS are down roughly 20% so far this year, versus the 40% decline in FedEx stock.

Economy may enter a worldwide recession, says FedEx CEO Raj Subramaniam

The CEO's comment came after FedEx missed estimates on revenue and earnings in its first quarter.

FedEx warns of worsening economy and pulls forecast; shares drop 16%

Shares in the global delivery firm tumbled more than 16% after it also reported revenue and profit for the first-quarter ended Aug. 31 that missed Wall Street targets. S&P 500 futures fell on Thursday as FedEx added to worries about a slowing global economy.

FM Nirmala Sitharaman meets heads of FedEx, Mastercard, others during US visit

The Finance Minister is in the US to attend IMF-WB Spring Meetings 2022.

'You symbolise Indian Raj': Anand Mahindra on new FedEx CEO Raj Subramaniam

Raj Subramaniam’s appointment to the top role at FedEx was a matter of cheer for Indians, including industrialist Anand Mahindra.

Raj Subramaniam, the IIT-B alumnus, who is the new CEO of FedEx

Subramaniam, who is from Thiruvananthapuram, is a chemical engineer by training and has been with FedEx since 1991. He succeeds founder-chairman Frederick W Smith

Raj Subramaniam to be new FedEx CEO: 5 things to know about the newest Indian-origin boss

56-year-old Raj Subramaniam joined FedEx in 1991 and worked in several marketing and management jobs in the US and Asia over the years.

Indian American Raj Subramaniam to be new CEO of FedEx

Raj Subramanian would replace Frederick W Smith, chairman and CEO, who will step down from this position on June 1. He will now be its executive chairman.

FedEx eyes freighter order as e-commerce soars: Report

The world's largest cargo airline is the latest flashpoint for competition after Boeing last week launched a freighter version of its 777X to compete with a new Airbus A350 freighter.

FedEx wants to secure your cargo with an air defence system

FedEx is proposing to install an anti-missile system that aims to fire infrared laser toward any incoming missile. The laser would interrupt the missile’s ability to track the aircraft’s heat signature.

Trains carrying Amazon, FedEx packages looted in Los Angeles, empty boxes littered on tracks

American rail operator Union Pacific has seen a 160 percent rise in the thefts in Los Angeles county since December 2020.

FedEx warns of shipment delays as Omicron leads to staffing shortage

Severe winter weather and the rapid spread of the highly transmissible Omicron variant have led to a sharp rise in infections, forcing several U.S. airlines to cancel flights as pilots and crew quarantine.

Six e-commerce giants including Amazon, Flipkart falling short on clean air commitments: Study

The SOMO report titled ‘Parcel Delivery on a Warming Planet’ has revealed that the retail firms reviewed for the analysis have failed to establish aggressive plans to decarbonise in accordance with the 1.5-degree goal.

CCI approves FedEx India's minority stake-buy in Delhivery

It has also given nod to acquisition of certain operating assets of FedEx India and TNT India by Delhivery. Under the proposed combination, FedEx India will acquire a minority stake in Delhivery on fully diluted basis along with certain minority investor rights, according to a combination notice filed with the regulator.

FedEx, Citing Quarantine Rules, to Close Crew Base in Hong Kong

Hong Kong has been successful at controlling the spread of the coronavirus, with just 213 deaths in a city of 7.5 million. But the tough restrictions on travel have grated on many and spurred criticism from some businesses that rely on the swift movement of goods and people.