FedEx Inc shipped 50 % more items this holiday season than last for third-party vendors and doubled the amount for 2016 overall, the retail giant said on Wednesday.
FedEx Corp said on Monday that it expects to see a record number of shipments during this year's busy holiday season, driven by rising retail sales and a jump in ecommerce.
FedEx Corp., the world’s largest cargo airline, sees full-year earnings rising as much as 13% as it reduces costs and jobs to counter customers’ preference for less expensive international shipping services.
FedEx Corp., operator of the world’s largest cargo airline, maintained its full-year profit forecast amid increasing concern that the U.S. economic growth may slow.
FedEx traded lower Tuesday after cutting its full year guidance because of weaker global trade flows and a shift by customers toward cheaper shipping options.
FedEx Corp. fell in U.S. trading after projecting its first quarterly earnings decline since 2009 as slowing economic growth hurt demand for the express packages that provide most of its sales.