FedEx grants help to businesses owned by veterans, people with disabilities
The FedEx Entrepreneur Fund will provide $10,000 grants to 30 small businesses. The deadline to apply is Friday, Oct. 7.
There are 131 article(s) tagged FedEx Corp.:
The FedEx Entrepreneur Fund will provide $10,000 grants to 30 small businesses. The deadline to apply is Friday, Oct. 7.
John Chevedden’s more than 1,000 shareholder proposals with different companies has resulted in companies spending millions of dollars in legal fees.
All of FedEx’s board members are up for election or reelection when the company’s shareholders have their annual meeting, scheduled this year for Monday, Sept. 19.
FedEx also announced Monday it will nominate retired Navy Vice Admiral Nancy A. Norton to its board when the company holds its annual meeting of stockholders in September.
Per the new agreement, FedEx will purchase up to $200 million in services from a Massachusetts-based technology company, in exchange for warrants for 25 million shares of its stock.
FedEx Corp. counters that the more than 6,000 service provider businesses in its Ground network earned an average revenue of $2.3 million in 2021.
In its annual report for the fiscal year ended May 31, FedEx disclosed numerous risks to its business, including Russia’s invasion of Ukraine and increased competition.
The logistics giant is closing its remaining data centers and moving completely to the cloud, a decision that it says will take two years.
At its most recent meeting of shareholders and analysts, the Memphis-based company announced it is no longer interested in keeping its networks separate. Instead, FedEx wants to benefit from their overlap.
The logistics giant announced Wednesday, June 29, its new “Deliver Today, Innovate for Tomorrow” strategy as investors and analysts gathered in Memphis for the company’s 2022 investor meeting.
Pilots are asking for a contract that increases retirement benefits and takes into account issues related to quality of life, such as time spent away from home and uncertainty around scheduling.
FedEx has donated more than $2.3 million in humanitarian aid since the outset of the conflict, including $1 million that has been allocated for in-kind shipping with nonprofit partners.
The Memphis-based company recorded $24.4 billion in revenue for its fourth quarter 2022, compared to $22.6 billion it reported in the same time period in 2021.
D. E. Shaw & Co. is known for its activist investing, including its role in Exxon Mobil Corp.’s decision to add to its board and make $6 billion worth of cost savings changes.
For the union, the two primary issues in the current round of negotiations are retirement benefits and matters related to quality of life.
An SEC filing reveals how much Raj Subramaniam and FedEx founder Fred Smith will earn in their new roles.
Brie Carere is a three-time winner of the FedEx Five Star Award, the company’s highest team member honor.
FedEx Corp. stock was up nearly 9% Tuesday after the company made the announcement.
A Morgan Stanley report suggests FedEx could be suffering from conditions that “have turned more sluggish globally, no doubt compounded by additional complications from the conflict in Ukraine and COVID-related shutdowns in China.”
FedEx announced in September 2021 it would enter a pilot program with California-based Aurora Innovation Inc. to test autonomous driving technology.
While FedEx has been working on modernization efforts for a couple of years, the COVID pandemic and related shipping demands prolonged the timeline.
Russian invasion prompts FedEx to indefinitely suspend its services in Ukraine.
A woman working in the hub at FedEx was killed early Friday morning, according to the Memphis Police Department.
The Memphis-based shipping giant cited headwinds that include backups in supply chains that are affecting every industry, as well as hiring costs for workers.
The package delivery company posted revenue of $22.57 billion in the period, exceeding Wall Street forecasts.