All articles tagged with #fedex
French shipping group CMA CGM said it will acquire FedEx Supply Chain, FedEx’s contract logistics arm, for about $1.4 billion, expanding its end-to-end logistics capabilities with a global network of warehouses and supply-chain technology.
CMA CGM agreed to acquire FedEx's third‑party logistics unit, FedEx Supply Chain, for about $1.4 billion including debt, boosting CMA CGM’s North American contract logistics via CEVA Logistics and enabling multiyear air and ocean freight contracts around $3.5 billion. The deal, set to close in 2026, supports CMA CGM’s US growth strategy under Rodolphe Saadé while FedEx continues to refocus on its core air‑ground network and recently spun off FedEx Freight; the purchase underscores CMA CGM’s push to expand in the US through logistics, ports, and partnerships.
FedEx executives said demand remained resilient, with strength in premium segments and shipments converting into repeat revenue, while inventory restocking continues. They also highlighted AI and data-center spending as a rapidly scaling growth driver, suggesting AI capex is broadening and supporting upside for the global economy despite shocks.
FedEx beat expectations in its fiscal Q4 with adjusted EPS of 6.31 on revenue of $25 billion, up 13%, but margins contracted to 8.4% from 9.1% as higher transportation costs, wages, and the impact of shifting global trade policy weighed on results; shares fell in after-hours trading. The company also completed the FedEx Freight spin-off and said long-term revenue could grow from AI and data‑center initiatives, underscoring FedEx’s role as an economy bellwether.
FedEx posted solid fiscal Q4 2026 results, beating expectations with adjusted EPS of $6.31 and revenue of $25.01 billion in the last quarter that includes the freight business before the June 1 spin-off to FedEx Freight. The company flagged a $4.1 billion cash dividend related to the spin-off, reported a 3% rise in domestic volume (and 3% higher U.S. priority volume), and posted full-year revenue of $94.7 billion. Guidance calls for about 11% revenue growth and adjusted EPS of $16.90–$18.10 for the coming year, even as fuel costs climbed and the fiscal year-end moves to December 31; shares fell about 4% in after-hours trading.
A former FedEx driver, Tanner Horner, was sentenced to death for the 2022 capital murder of 7-year-old Athena Strand after abducting her from her Paradise, Texas home while delivering a Christmas gift; jurors found he posed a continuing threat to society, and evidence included audio from inside his delivery van showing Athena’s desperate pleas and his threats before her death from blunt force trauma and suffocation.
A Texas jury sentenced ex-FedEx delivery driver Tanner Horner to death after he pleaded guilty to capital murder and aggravated kidnapping in the 2022 killing of seven-year-old Athena Strand; jurors heard an audio recording of her final moments inside his delivery vehicle, and Horner will be executed by lethal injection on a yet-to-be-determined date.
A Texas jury sentenced former FedEx driver Tanner Lynn Horner to death for kidnapping and killing 7-year-old Athena Strand in 2022 after he pleaded guilty at the start of the trial; prosecutors highlighted an hour-long audio of the attack and his lies as key evidence, while defense argued mitigating factors including a troubled childhood, autism, and lead exposure. Horner’s sentence will be automatically reviewed by the Court of Criminal Appeals, with Texas maintaining one of the nation’s highest execution rates.
Amazon announced a new service, Amazon Supply Chain Services, letting external companies use its logistics network, sending UPS and FedEx shares down about 10% as Amazon positions itself as a major logistics rival. The program already has sign-ups from retailers like Procter & Gamble, 3M, Lands’ End and American Eagle Outfitters, leveraging Amazon’s fleet of cargo planes and warehouses to expand services beyond e-commerce.
Security footage shown in a Fort Worth courtroom shows 34-year-old FedEx driver Tanner Horner cleaning the van used to abduct and murder 7-year-old Athena Strand in Paradise, Texas, on Nov. 30, 2022; prosecutors say he killed Strand after hitting her with the van, then dumped her body in a creek. Horner has admitted to the murder, claiming it was a panic after the collision, and jurors are deciding whether his sentence will be death or life in prison.
A Texas murder case centers on ex-FedEx driver Tanner Horner, who pleaded guilty to killing 7-year-old Athena Strand in 2022 and told investigators that his alter ego, “Zero,” took over during the crime, which he described as a nightmare; Strand was abducted from outside her home, strangled, dumped in the back of Horner’s truck, and later disposed of in a river as prosecutors allege, with the defense and court filings highlighting Horner’s split personality claim.
A near-collision occurred at Newark Liberty International Airport when an Alaska Airlines 737 on approach to a crossing runway aborted its landing after a FedEx 777 had already been cleared for final approach on the intersecting runway. The Alaska crew executed a go-around, narrowly avoiding a collision by about 300–325 feet. FAA and NTSB investigations are underway; FedEx landed safely. The incident is the second major runway scare at Newark in two weeks, following a separate tail-clipping incident involving a Spirit Airlines jet and a Singapore Airlines flight.
U.S. stock futures, including the S&P 500 and Dow, were lower ahead of Friday’s triple-witching expiry as Iran warned of 'zero restraint' amid strikes on energy infrastructure and disruption risks; the 10-year yield was around 4.28% and the two-year near 3.83% with markets pricing a high chance of no rate change in April. Premarket movers included FedEx higher after strong results and raised guidance, while Super Micro Computer tumbled after charges against its co-founder over AI exports to China; Planet Labs and Scholastic rose on earnings.
An Alaska Airlines Flight 294 and a FedEx Flight 721 narrowly avoided a collision during an aborted landing at Newark Liberty International Airport, with air traffic control ordering a go-around as the two aircraft approached intersecting runways; the FAA and NTSB are investigating amid broader air-traffic staffing strains tied to the partial federal government shutdown.
FedEx beat Q3 expectations with adjusted EPS of $5.25 and revenue of $24 billion, and lifted fiscal 2026 guidance to $19.30–$20.10 per share and about 6%–6.5% revenue growth. The FedEx Freight spin-off remains on track for June 1, and the Network 2.0 initiative is now expected to yield more than $1 billion in savings. Shares rose in after-hours trading on the results.