Articles from FedEx Corp.

FedEx Corp. (NYSE: FDX) today released its annual economic impact report, analyzing the company’s worldwide network and role in building prosperity in local communities during its 2024 fiscal year (FY 2024)1. Produced in consultation with Dun & Bradstreet (NYSE: DNB), a leading provider of business decisioning data and analytics, the study underscores the ‘FedEx Effect’—the impact FedEx has on accelerating the flow of goods and ideas that generate economic growth across countries and regions.

This week, FedEx Corporation (NYSE: FDX) transported six giant pandas between the United States and China on two separate flights. The roundtrip journey departed Atlanta, GA., arrived in Chengdu, China, where it delivered four pandas and then returned to Washington, D.C. with two pandas. The pandas traveled aboard a FedEx Boeing 777-F, known as the “FedEx Panda Express.”

FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the first quarter ended August 31 (adjusted measures exclude the item listed below):

The Board of Directors of FedEx Corp. (NYSE: FDX) today declared a quarterly cash dividend of $1.38 per share on FedEx Corp. common stock, in line with the company’s continued focus on delivering stockholder value. The dividend is payable October 1, 2024 to stockholders of record at the close of business on September 9, 2024.

FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the quarter ended May 31 (adjusted measures exclude the items listed below for the applicable fiscal year):

The Board of Directors of FedEx Corp. (NYSE: FDX) today approved an increase in the annual dividend rate on FedEx Corp. common stock of 10%, or $0.48 per share, to $5.52 per share for fiscal 2025 in line with the company’s continued focus on delivering stockholder value. The Board today also declared a quarterly cash dividend of $1.38 per share on FedEx Corp. common stock. The dividend is payable July 9, 2024 to stockholders of record at the close of business on June 24, 2024.

FedEx Corp. (NYSE: FDX) unveiled the recipients of the 12th annual FedEx Small Business Grants Program. Ten U.S.-based businesses were chosen this year out of over 3,900 applications.

FedEx Corp. (NYSE: FDX) announced today that Robert B. Carter, EVP, FedEx Information Services & CIO, FedEx Corporation and co-president & co-CEO of FedEx Services, will retire after an exemplary career at FedEx for 31 years. He will step down from his current roles effective June 30, 2024, and will remain with the company as a senior advisor until December 31, 2024, to help ensure a successful transition.

FedEx Corp. (NYSE: FDX) today announced the upcoming launch of its 12th annual Small Business Grants Program, which will award more than $230,000 in grants and services to ten (10) U.S.- based small businesses. The application period will begin at 12 p.m. (noon) ET on March 1, 2024, and close at 12 p.m. (noon) ET on April 1, 2024. After a judging period, the ten grant recipients will be announced on May 16, 2024. Qualifying businesses can submit their applications and review program rules at fedex.com/smallbusinessgrants.

Today, FedEx, the world's largest express transportation company, announced the third cohort of the FedEx-HBCU Student Ambassador Program. The program launched in 2022 as part of an expanded five-year, $5 million commitment to Historically Black Colleges and Universities (HBCUs), which was initially announced in 2021. The program helps prepare HBCU students for the workforce after college. Students from eight HBCUs will gain exposure to FedEx leadership, team members, and unique learning experiences that help build leadership and career-ready skills.

The Board of Directors of FedEx Corp. (NYSE: FDX) today declared a quarterly cash dividend of $1.26 per share on FedEx Corp. common stock, in line with the company’s continued focus on delivering stockholder value. The dividend is payable April 1, 2024 to stockholders of record at the close of business on March 11, 2024.

The coveted Vince Lombardi Trophy arrived on the scene in Las Vegas for Super Bowl LVIII on Wednesday via FedEx, the Official Delivery Service of the NFL. A FedEx Express delivery van transported the trophy to the Super Bowl Experience Presented by Toyota, officially marking the first time Las Vegas and the state of Nevada will welcome The Big Game, as the Kansas City Chiefs and San Francisco 49ers are set to square off on Sunday.

FedEx Corp. (NYSE: FDX) today announced fdx, the first data-driven commerce platform that connects the entire customer journey — making it easier for companies to grow demand, increase conversion, optimize fulfillment, and streamline returns. FedEx is the only logistics company to connect the entire customer journey by offering end-to-end e-commerce solutions for businesses of all sizes – all in one platform.

As part of its commitment to enhance capital returns to stockholders, FedEx Corp. (NYSE: FDX) today announced that it has entered into an accelerated share repurchase ("ASR") agreement with Mizuho Markets Americas LLC (“Mizuho”) to repurchase $1.0 billion of FedEx’s common stock as part of the company’s previously announced share repurchase program. Under the terms of the ASR agreement, FedEx will pay $1.0 billion to Mizuho and receive an initial share delivery of approximately 3.2 million shares on December 28, 2023, with the remainder of the shares, if any, to be delivered no later than February 29, 2024. The total number of shares purchased by FedEx pursuant to the ASR agreement will be based on an average of the volume-weighted average prices of FedEx’s common stock during the term of the ASR agreement, less a discount.

FedEx Corporation (NYSE: FDX) announced today that Silvia Davila has been elected to the FedEx Board of Directors.

FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the second quarter ended November 30 (adjusted measures exclude the items listed below):

This year, FedEx Freight will deliver the 300,000th tree for the Christmas SPIRIT Foundation’s annual Trees for Troops® program. The milestone tree is set to arrive at Fort Liberty on Dec. 1, 2023, alongside nearly 16,000 trees slated for families at over 90 military bases across the United States this December.

The Board of Directors of FedEx Corp. (NYSE: FDX) today declared a quarterly cash dividend of $1.26 per share on FedEx Corp. common stock, in line with the company’s continued focus on delivering stockholder value. The dividend is payable January 2, 2024 to stockholders of record at the close of business on December 11, 2023.

Today, three giant pandas, including 25-year-old Mei Xiang, 26-year-old Tian Tian, and their three-year-old cub, Xiao Qi Ji, arrived in Chengdu, China on a FedEx Express charter flight from Washington, D.C. Working with the Smithsonian’s National Zoo and Conservation Biology Institute, the giant pandas began their journey on November 8 and traveled via a FedEx Express Boeing 777F, dubbed the “FedEx Panda Express.”

FedEx Corp. (NYSE: FDX) today released its annual economic impact report, analyzing the company’s worldwide network and role in fueling innovation during its 2023 fiscal year (FY 2023).1 Produced in consultation with Dun & Bradstreet (NYSE: DNB), a leading provider of business decisioning data and analytics, the study demonstrates the positive impact FedEx has on individuals and communities around the globe — otherwise known as the ‘FedEx Effect.’

FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the first quarter ended August 31 (adjusted measures exclude the items listed below for the applicable fiscal year):

The Board of Directors of FedEx Corp. (NYSE: FDX) today declared a quarterly cash dividend of $1.26 per share on FedEx Corp. common stock. The dividend is payable October 2, 2023 to stockholders of record at the close of business on September 11, 2023.

FedEx Corp. (NYSE: FDX) today announced the appointment of John W. Dietrich, formerly the Chief Executive Officer of Atlas Air Worldwide, to Executive Vice President and Chief Financial Officer, effective Aug. 1, 2023. The company also announced strategic shifts within the Finance organization to further bolster its ongoing transformation.

FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the quarter ended May 31 (adjusted measures exclude the items listed below for the applicable fiscal year):

FedEx Corp. (NYSE: FDX) is harnessing scan data from its unparalleled global logistics network to enhance customer access to emissions information with the U.S. launch of a new tool, FedEx® Sustainability Insights.

FedEx Corp. (NYSE: FDX) unveiled the winners of the 11th annual FedEx Small Business Grant Contest. Ten U.S.-based businesses were chosen this year out of over 8,200 entries.

50 years ago today, FedEx Corp. (NYSE: FDX) launched an industry that changed the world. It was this day that marked the company’s first fully operational night and the first step to realizing founder and Executive Chairman Frederick W. Smith’s vision to connect the globe. Now 50 years later, FedEx connects over 220 countries and territories, includes over 530,000 employees, and continues to demonstrate the innovation that defined the company from the start. To mark this milestone, the FedEx team is celebrating with a day full of community service opportunities and global events.

FedEx Corp. (NYSE: FDX) is announcing today at its DRIVE Investor Event that it will consolidate its operating companies into one organization, creating efficiencies that will enhance the company's ability to meet the evolving needs of customers and ultimately build a stronger, more profitable enterprise.

FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the third quarter ended February 28 (adjusted measures exclude the items listed below for the applicable fiscal year):

FedEx Corp. (NYSE: FDX) today kicked off a 50-day countdown to April 17, 2023, the day FedEx celebrates 50 years of operations, with its 50 Days of Caring initiative. During this time, FedEx team members will be giving back to their communities through service projects around the world. In addition, the company will hold events and share stories that celebrate its team members, shine a spotlight on its customers, and give the world a glimpse into what’s next.

FedEx Corp. announced today that it will host its DRIVE investor event on Wednesday, April 5, 2023 beginning at 8:30 a.m. ET. At the event:

FedEx Corp. (NYSE: FDX) continues to support those affected by the catastrophic earthquakes that have devastated Southern Turkey and Northern Syria, committing more than $1,000,000 (USD) worth of in-kind shipping so far. Overnight, the company chartered a FedEx MD-11 of dedicated relief from Dubai, UAE, to Istanbul, Turkey. This was the fifth consecutive flight taking place from February 17 to 21 delivering approximately 230 metric tonnes of relief supplies including tents, blankets, baby items, household supplies, and hygiene kits from the International Federation of Red Cross and Red Crescent Societies (IFRC).

The Board of Directors of FedEx Corp. (NYSE: FDX) today declared a quarterly cash dividend of $1.15 per share on FedEx Corp. common stock. The dividend is payable April 3, 2023 to stockholders of record at the close of business on March 13, 2023.

Today, FedEx (NYSE: FDX), the world's largest express transportation company, announced the second cohort of the FedEx-HBCU Student Ambassador Program. As part of the five-year commitment to Historically Black Colleges and Universities (HBCUs) announced in 2021, this program helps prepare HBCU students with opportunities to learn about the FedEx enterprise from executives, build leadership and career-ready skills, and participate in unique experiences, while also helping expand the company’s pipeline for diverse talent.

FedEx Corp. announced today that Raj Subramaniam, FedEx Corp. president and chief executive officer, and Michael C. Lenz, FedEx Corp. executive vice president and chief financial officer, will speak at Citi’s 2023 Global Industrial Tech and Mobility Conference in Miami, Florida on Tuesday, February 21, 2023 at 12:10 pm ET.

FedEx Corp. (NYSE: FDX) today announced the upcoming launch of its 11th annual Small Business Grant Contest, which will award more than $330,000 in grants and services to ten (10) U.S.- based small businesses. The entry period will be open January 31 until February 21, 2023. After an initial judging period, 100 businesses will be selected as the Top 100 finalists and also take home some prizes. The ten grand prize winners will be announced on May 11, 2023. Qualifying businesses can submit their entries and review contest rules at www.fedex.com/grantcontest.

FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the second quarter ended November 30 (adjusted measures exclude the items listed below for the applicable fiscal year):

FedEx Corp. (NYSE: FDX) announced the launch of FedEx Consolidated Returns in the U.S., a solution that offers a low-priced, easy e-commerce returns option that merchants can pass on to shoppers. The expanded solution will launch in early 2023.

The Board of Directors of FedEx Corp. (NYSE: FDX) today declared a quarterly cash dividend of $1.15 per share on FedEx Corp. common stock. The dividend is payable January 3, 2023 to stockholders of record at the close of business on December 12, 2022.

For the 18th year, FedEx Freight will partner with the Christmas SPIRIT Foundation to deliver nearly 15,000 live Christmas trees to military families through the Trees for Troops® program. Since 2005, Trees for Troops has delivered more than 250,000 trees to service members, and this year, the program is expanding its efforts by delivering to an additional 30 military bases.

FedEx today announced 30 grant recipients of the FedEx® Entrepreneur Fund, a new initiative designed to uplift veterans and small business owners with disabilities by providing access to funding, resources and networks to help them succeed. The fund will provide grants of $10,000 each to the 30 small businesses selected, for a total of $300,000, in collaboration with Hello Alice and Global Entrepreneurship Network (GEN).

FedEx Corp. announced today that Michael C. Lenz, Executive Vice President and Chief Financial Officer of FedEx Corporation, will speak at the 2022 Baird Global Industrial Conference in Chicago, Illinois on Tuesday, November 8, 2022 at 1:10 pm CT.

Today, ShopRunner, a subsidiary of FedEx, announced the launch of the new ShopRunner mobile application, which provides consumers with a simple, streamlined experience throughout the entire shopping journey from discovery to tracking. With overwhelming brand choice, ever-changing return policies, and tracking number disorganization, the ShopRunner app helps cut through the frustrating online shopping experiences that consumers encounter regularly and provides a single destination to discover, order, track, and return with ease.

FedEx Corp. (NYSE: FDX) today released the findings from its 2022 report that analyzed the company’s impact on the global economy with key regional and market-specific analyses from around the world at the conclusion of its 2022 fiscal year (FY 2022). The report, produced in consultation with Dun & Bradstreet (NYSE: DNB), a leading global provider of business decisioning data and analytics, for the first time analyzed the impact FedEx has on economies around the world. Over the past 49 years, FedEx has expanded its services to more than 220 countries and territories and invested in a global network enabling businesses of all sizes to access and grow the global economy.

FedEx Corp. (NYSE: FDX) and its network of dedicated team members across the enterprise are ready to deliver another successful peak season.

FedEx Corp. (NYSE: FDX) today announced that it has entered into an accelerated share repurchase agreement (“ASR”) with Morgan Stanley & Co. LLC (“Morgan Stanley”) as part of the company’s previously announced share repurchase program. Under the terms of the ASR, FedEx has agreed to repurchase an aggregate of $1.5 billion of its common stock from Morgan Stanley, with an initial delivery of approximately 7.9 million shares based on current market prices. The final number of shares to be repurchased under the ASR will be based on a discount to the average of the daily volume-weighted average stock prices for Rule 10b-18 eligible transactions in FedEx’s common stock during the term of the ASR. Purchases under the ASR are expected to be completed prior to the end of FedEx’s current fiscal year. FedEx may continue to repurchase shares in the open market from time to time subject to market and other conditions.

FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the first quarter ended August 31 (adjusted measures exclude the items listed below for the applicable fiscal year):

FedEx Corp. (NYSE: FDX) today provided a business update and announced the following preliminary unaudited consolidated results for the quarter ended August 31, 2022 (adjusted measures exclude the items listed below for the applicable fiscal year):

The Board of Directors of FedEx Corp. (NYSE:FDX) today declared a quarterly cash dividend of $1.15 per share on FedEx Corp. common stock. The dividend is payable October 3, 2022 to stockholders of record at the close of business on September 2, 2022.

FedEx Corporation (NYSE: FDX) announced today that retired Navy Vice Admiral Nancy A. Norton and Stephen E. Gorman have been nominated for election to the FedEx Board of Directors at the FedEx Corporation Annual Meeting of Stockholders on September 19, 2022.

FedEx Corp. (NYSE: FDX) is hosting an investors meeting today where President and Chief Executive Officer Raj Subramaniam and the FedEx leadership team will present a strategic plan to deliver more value for customers, stockholders, and team members. FedEx will also outline its fiscal 2025 financial targets.

FedEx Corp. (NYSE: FDX) and Direct Relief continue to support those affected by the conflict in Ukraine. On Sunday, June 26, FedEx Express safely delivered 52 tons of critical medical aid to Poland from the United States via a FedEx humanitarian relief flight. This follows FedEx and Direct Relief’s first charter flight of aid for Ukrainian refugees in March and is the latest in a continuous series of shipments from Direct Relief.

FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the quarter ended May 31 (adjusted measures exclude the items listed below for the applicable fiscal year):

FedEx Corp. (NYSE: FDX) will soon bolster the power of its e-commerce services by offering Picture Proof of Delivery for express and ground residential deliveries in the U.S. and Canada that are released without a signature. Customers will receive a photo showing the exact location of their package once it’s delivered to their doorstep, by simply tracking their package. FedEx Express and FedEx Ground are the first nationwide carriers to announce they will provide Picture Proof of Delivery, without requiring an account or login.

FedEx Corp. (NYSE: FDX) announced today it has received its first 150 electric delivery vehicles from BrightDrop, the technology startup from General Motors (GM) decarbonizing last-mile delivery. This marks a critical milestone for FedEx as the company plans to transform its entire parcel pickup and delivery (PUD) fleet to all-electric, zero-tailpipe emissions by 2040, and comes just months after BrightDrop’s commercialization of the Zevo 600 as the fastest vehicle to market in GM’s history.

FedEx Corp. (NYSE: FDX) has promoted Brie Carere, Chief Marketing and Communications Officer, to be the company’s first Chief Customer Officer. She also was named co-President and co-CEO of FedEx Services, a role she will share with Rob Carter, Executive Vice President and Chief Information Officer.

FedEx Corp. (NYSE: FDX) unveiled the winners of the tenth annual FedEx Small Business Grant Contest. Ten businesses were chosen this year in celebration of the contest’s tenth anniversary.

FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, is teaming up with California Bay Area-based Elroy Air, the company building the first end-to-end autonomous vertical take-off and landing (VTOL) aerial cargo system. As a first of its kind agreement in the U.S., FedEx Express will develop plans to test Elroy Air’s Chaparral autonomous air cargo system within the company’s middle-mile logistics operations, moving shipments between sortation locations. This is the latest initiative from FedEx in its effort to explore and adopt emerging technologies across its networks.

FedEx Corp. (NYSE: FDX) announced today that, effective June 1, 2022, Frederick W. Smith, Chairman and Chief Executive Officer, will become Executive Chairman, and Raj Subramaniam, President and Chief Operating Officer, will be promoted to President and CEO.

FedEx Corp. (NYSE: FDX) today reported financial results for the quarter ended February 28.

The Board of Directors of FedEx Corp. (NYSE: FDX) today declared a quarterly cash dividend of $0.75 per share on FedEx Corp. common stock. The dividend is payable April 1, 2022 to stockholders of record at the close of business on March 7, 2022.

FedEx Corp. (NYSE: FDX) today announced the launch of its tenth annual Small Business Grant Contest. In celebration of the 10th anniversary, the contest offers grants and services to ten (10) U.S.- based small businesses, distributing a collective prize pool of more than $365,000. Winners also receive FedEx Office® print and business services credit to help support their small business.

As the sports world converges on Los Angeles for Super Bowl LVI between the Cincinnati Bengals and the Los Angeles Rams, the coveted Vince Lombardi Trophy has arrived on the scene via FedEx, the Official Delivery Service of the NFL. For the first time ever, the trophy’s signature delivery moment was made via an electric Light Commercial Vehicle (eLCV). The company’s newest electric zero-tailpipe emissions delivery vehicle delivered the coveted trophy to the Super Bowl Experience Presented by Lowe’s, officially kicking off the weeklong celebration leading up to Super Bowl LVI.

FedEx (NYSE: FDX), the world's largest express transportation company, today announced the launch of the FedEx-HBCU Student Ambassador Program. The program demonstrates a continued commitment to help prepare students who attend Historically Black Colleges and Universities (HBCUs) to be future leaders with opportunities to learn about the FedEx enterprise from executives, build leadership and career-ready skills, and participate in unique experiences, while also helping expand the company’s pipeline for diverse talent.

FedEx Corp. (NYSE: FDX) today announced that it has entered into an accelerated share repurchase agreement (“ASR”) with Goldman Sachs & Co. LLC (“Goldman”) as part of the company’s previously announced share repurchase programs. Under the terms of the ASR, FedEx has agreed to repurchase an aggregate of $1.5 billion of its common stock from Goldman, with an initial delivery of approximately 4.8 million shares based on current market prices. The final number of shares to be repurchased under the ASR will be based on a discount to the average of the daily volume-weighted average stock prices for Rule 10b-18 eligible transactions in FedEx’s common stock during the term of the ASR. Purchases under the ASR are expected to be completed prior to the end of FedEx’s current fiscal year. FedEx may continue to repurchase shares in the open market from time to time subject to market and other conditions.

FedEx Corp. (NYSE: FDX) today received its first five of an order of 500 electric Light Commercial Vehicles (eLCVs) from BrightDrop, the new electric delivery and logistics business from General Motors (GM). The introduction of BrightDrop’s all-electric, zero-tailpipe emissions vehicles into the FedEx fleet is an important step in the company’s goal to take its global operations carbon neutral by 2040.

FedEx Corp. (NYSE: FDX) today reported financial results for the quarter ended November 30.

FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, recently completed a major expansion of its air cargo hub located at Miami International Airport. The expansion will increase capacity and capabilities at the company’s Americas gateway, which connects the U.S. and Canada to Latin America and the Caribbean.

The Board of Directors of FedEx Corporation (NYSE: FDX) today elected Fred Perpall as a director. The Board also appointed Mr. Perpall as a member of its Audit and Nominating & Governance Committees.

The Board of Directors of FedEx Corp. (NYSE: FDX) today declared a quarterly cash dividend of $0.75 per share on FedEx Corp. common stock. The dividend is payable December 27, 2021 to stockholders of record at the close of business on December 13, 2021.

A shift to e-commerce has helped many U.S. small businesses weather the pandemic, but e-commerce platforms are also viewed as the most important tool for these businesses to increase their global reach, according to the latest FedEx Trade Index (1).

FedEx Logistics, a subsidiary of FedEx Corp. (NYSE: FDX) and provider of specialty solutions that support FedEx services and facilitate global trade, announced the opening of an office in Seoul, South Korea, in the latest expansion of its worldwide network.

FedEx Corp. (NYSE: FDX) today released the findings from a new report that analyzed the company’s impact on the United States economy and ten specific local economies throughout the country. The report, produced in consultation with Dun & Bradstreet (NYSE: DNB), a leading global provider of business decisioning data and analytics, finds that FedEx delivers nearly $70 billion in direct impact on the national economy through its revenue and related business activity including $8 billion in U.S. economic activity created by operations with other companies within the transportation sector, supporting millions of jobs across the country through direct employment and indirect economic activity.

FedEx Corp. (NYSE: FDX) today reported the following consolidated results for the first quarter ended August 31 (adjusted measures exclude the items listed below for the applicable fiscal year):

FedEx Express, FedEx Ground, and FedEx Freight, subsidiaries of FedEx Corp. (NYSE: FDX), will increase shipping rates on January 3, 2022.