A Nagpur woman who lost Rs 6.93 lakh in a FedEx parcel scam won a consumer court case against ICICI Bank. The commission ordered the bank to refund the remaining balance with 9% interest and pay Rs 35,000 in compensation.
Stocks rebounded Thursday, with the S&P 500 gaining nearly 1% and the Nasdaq jumping over 1%, as investors dismissed concerns about U.S.-Iran conflict escalation. Meta Platforms plans to aggressively ramp up AI compute capacity, releasing its strongest model yet, Muse Park 1.1, with an API for developers. FedEx launched a dedicated healthcare unit, while Starbucks aims to use AI for in-house software tools.
FedEx launches "FedEx Surround" in Saudi Arabia, an AI-powered monitoring and intervention system for logistics services. The platform aims to enhance supply chain efficiency by predicting disruptions and enabling faster, more accurate decision-making for vital shipments.
FedEx has launched its "FedEx Surround" monitoring and intervention system in Saudi Arabia, utilizing AI and predictive analytics to enhance logistics efficiency and proactively manage supply chain disruptions for vital shipments.
CMA CGM-Chef Rodolphe Saadé berichtet von anhaltenden Problemen in der Straße von Hormus und dem Roten Meer. Neun Schiffe können die Route noch nicht passieren. Er kündigt eine strategische Partnerschaft mit FedEx in den USA an, um das Logistikgeschäft auszubauen.
Le groupe français CMA CGM a annoncé le rachat de FedEx Supply Chain pour 1,4 milliard de dollars, renforçant ses capacités logistiques et sa chaîne d'approvisionnement intégrée. FedEx se concentrera sur son cœur de métier.
FedEx Freight, following its spin-off from FedEx Corporation, reported better-than-expected Q4 2026 results with $2.4B revenue and $363M adjusted operating income. Management aims for 4-6% annual revenue growth and 10-12% operating income growth, targeting 15% margins by enhancing customer mix, efficiency, and technology amidst an inflecting freight cycle.
Jim Cramer's Charitable Trust purchased 130 shares of FedEx (FDX) at approximately $304 each, increasing its portfolio stake to 1.75%. Despite a 4% stock drop following 'noisy' guidance, FedEx beat revenue and EPS estimates, with management highlighting strong momentum in B2B and B2C verticals.
FedEx exceeded Wall Street expectations for its fiscal fourth quarter earnings and revenue. The report also marked the final quarter including the freight business, which spun off into FedEx Freight on June 1, paying a $4.1 billion dividend to FedEx Corporation. Shares dipped 6% in extended trading.
This week's market focus includes FedEx's Q4 earnings report, the crucial PCE inflation data, and Micron's earnings, a key player in the AI chip market. Geopolitical developments and oil price drops may influence inflation readings.
A massive breach of Fortinet firewalls has exposed nearly 74,000 devices globally, granting Russian-speaking attackers access to major organizations like Oracle, Chevron, and a NATO defense contractor. Researchers found plaintext credentials online, enabling lateral movement into critical systems like Active Directory.
A study by Bocconi University reveals that international air courier services like DHL, FedEx, and UPS contribute €10.1 billion to Italy's national production and support 44,000 jobs. These services facilitate exports, especially to non-EU markets, acting as crucial commercial enablers for Italian businesses.
FedEx Freight CEO John Smith stated the company's independence from FedEx will enable aggressive investment in growth initiatives, particularly in the less-than-truckload (LTL) shipping market. The company aims to reach a 15% operating margin by 2029.
Markets were mixed amid rising oil prices and interest rates, but rallied as President Trump announced ongoing peace talks with Iran. FedEx's spin-off of FedEx Freight is complete, with the new entity expected to generate $8.7 billion in revenue by 2026. Arm Holdings stock continued its rally after Nvidia's new PC processor announcement.
Jim Cramer's Charitable Trust is buying 100 shares of FedEx (FDX) at $370, initiating a position due to the company's turnaround under CEO Raj Subramaniam. The trust highlights FedEx's focus on high-margin B2B and B2C verticals, cost-cutting initiatives, and the upcoming spin-off of FedEx Freight.
FedEx CEO Raj Subramaniam downplays competitive threat from Amazon's new supply chain services, emphasizing FedEx's end-to-end global network capabilities, which differ from Amazon's third-party logistics offering.
UJFP, FedEx France'ın Fransa üzerinden İsrail'e askeri ekipman taşıyarak Gazze'deki saldırılara ortak olduğu gerekçesiyle suç duyurusunda bulundu. Şirket iddiaları reddederken, UJFP hükümetin durumdan haberdar olduğunu savunuyor.
U.S. Customs and Border Protection has opened a refund portal for tariffs deemed unconstitutional by the Supreme Court. The process applies only to levies under IEEPA, while Section 232 and Section 301 tariffs remain in place. UPS and FedEx are filing claims on behalf of customers, with refunds expected to take up to three months.
The US government has launched the CAPE platform to process $166 billion in tariff refunds following a Supreme Court ruling that declared Trump-era reciprocal tariffs unlawful. While US importers can now file claims, Indian exporters have no direct legal path to recover these funds.
