Federal Express

5 Ways That the iPhone 5 Will Change the World

Apple has finally introduced the iPhone 5. Smartphone fans and Apple investors are naturally excited: The very nature of the shiny new handset and the bar-raising nature of some of its features will send out ripples far beyond Cupertino.

FedEx Delivers Bad News on the U.S. Economy

On Monday, FedEx delivered some rough news to its employees: With profits down and cargo volume dropping, the company is going to tighten its belt and jettison some crewmen. Viewed in isolation, this might not seem like big news. But in context, it's a bad sign for for the U.S. economy.

What to Watch This Week: Seeds, Sex, Schools and FedEx

On Monday, the stock market will take the day off to shake the confetti out of its hair. But on Tuesday, it'll be back to business as usual on Wall Street. Here are some of the items that will shape the first trading week of 2012.

30 Top Companies Spent More on Lobbying than Taxes

Thirty large American corporations -- all of them profitable -- spent more money on lobbying than they paid in federal taxes from 2008 to 2010, according to a report from the nonpartisan reform group Public Campaign.

10 Companies That Owe Amazon a Big 'Thank You'

Amazon's holidays are off to a great start, but with its stock trading north of 100 times earnings, AMZN shares could be the one thing you don't want to buy from the online retailer. Instead, consider these companies that are riding on the coattails of the online shopping boom.

Cuts to First-Class Mail to Slow Delivery in 2012

The cash-strapped U.S. Postal Service said Monday it is seeking to move quickly to close 252 mail processing centers and slow first-class delivery next spring, citing steadily declining mail volume. The cuts are part of $3 billion in reductions aimed at helping the agency avert bankruptcy next year.

The Post Office Is Doomed. Some Say Good Riddance

If the USPS went into bankruptcy, would anyone care? Not according to former UPS board member Gary MacDougal, who argued in a scathing attack last week that "the rapid growth of email, online bill paying," and private parcel delivery firms like UPS and FedEx has made the Post Office obsolete. Statistics suggest he's right.

FedEx Cuts Fiscal Year Forecast

FedEx cut its earnings expectations for the fiscal year ending in May due to slowing global economic growth. The outlook from the world's second biggest package delivery company may add to growing investor concern about the strength of the worldwide economy.

Mail Delivery Just Got More Interesting

As the U.S. Postal Service works feverishly to close its budget gap, UPS is taking advantage of the turmoil to highlight how much more innovative its brown-clad couriers can be, compared to their blue-suited cousins.

Without a Makeover, Postal Service Is Doomed

On Tuesday, Postmaster General Patrick Donahoe went before the Senate Homeland Security and Governmental Affairs Committee to plead for a government bailout. USPS is losing $9.2 billion a year and is currently on track to lose $20 billion annually by 2015. How can it be saved?

Thousands of Post Offices Face the Budget Ax

The U.S. Postal Service is expected to release a list Tuesday of 3,653 post offices it will consider shuttering, according to several media outlets. The USPS lost more than $2.2 billion last quarter, and has warned that it will run out of money in September, so such closures are probably inevitable.

How to Reduce the U.S. Deficit: Sell Some of America's Icons?

Would the U.S. government really consider selling the Hoover Dam, all the gold in Fort Knox, or the naming rights to the Grand Canyon? That may depend on how desperate it is to balance the budget. Here are nine big U.S. assets whose auction could take a real bite out of the deficit.

10 Things You'll Be Paying More for This Year

Expect to pay more this year for many consumer goods -- from diapers to toothpaste to Big Macs. Just as the typical American family will finally have a few more dollars to spend, inflation will take a chunk of that extra cash.

FedEx Shares Get a Boost After Strong Forecast

Viewed as an economic bellwether, shipping company Federal Express said its profit fell 3% in the third quarter due to higher fuel prices. But its shares rose more than 5% after the company said pricing gains in the fourth quarter will likely mean that it will beat most Wall Street expectations.

World's Most Admired Companies: Apple Is Still No. 1

Now that the skies are clearing after the worst economic storm in modern history -- far more violent than the experts had predicted -- we face a surprising new roster of winners and losers, as Fortune's 2011 ranking of the World's Most Admired Companies makes clear.

Buzzword of the Week: Drive

Once a clearly defined term that meant "to use force to compel or control a physical thing," drive has become one of the most insidious and overused buzzwords in the lexicon. Often now, what's being driven is intangible, and the mechanics of what's doing the driving are a mystery. So, who's driving this buzzword train, anyway?

What's Really Behind 'Free Shipping Day'

Hundreds of e-tailers will offer free shipping today to encourage shoppers to hit the "buy" button in the final run-up to Christmas. It's a good incentive for last-minute shoppers, but is it also an attempt to keep up with Amazon's free shipping offers?

FedEx Earnings Miss Wall Street Estimates, Raises Outlook

Shipping company FedEx (FDX), often seen as a bellwether of the economy, reported Wednesday that net income in its fiscal 2011 second-quarter declined 18% from a year ago period, even as revenue climbed 12%. Both income and revenue missed Wall Street estimates. The company, however, raised it fiscal 2011 outlook as holiday volumes exceed expectations.

Most FedEx Ground Drivers Lose in Class-Action Case

Right now, millions of Christmas presents are zooming around the country in FedEx trucks -- driven, one might think, by FedEx employees. However, it turns out the employment status of those drivers depends on which state they are working in, and according to a judicial ruling issued Tuesday, most are independent contractors.

FedEx Gears Up for Busiest Day of 2010

FedEx (FDX) is gearing up its busiest day of the year, confident that holiday shopping will help push traffic above its 2009 peak. FedEx, based in Memphis, Tenn., expects to handle about 16 million packages worldwide today, according to The Wall Street Journal. That%u2019s nearly 13% higher than its busiest day in 2009.

Are Air Cargo Costs About
to Go Sky High?

The discovery of two explosive devices found in packages on U.S.-bound cargo planes Friday raises new questions about security in the air-freight industry -- and its potential cost.

Walmart: Shrinking Stores to Fit Urban Shoppers

The world's largest retailer plans to increase the number of its smaller-format stores and cut the size of new SuperCenters to expand to new markets and boost sales, especially among the lower-income households it considers its base.

The 10 Biggest Corporate Givers to Politicians

As the mid-term election slowly draw nearer, we're taking a look at the companies whose deep pockets help keep America's political campaigns rolling along. With the help of the nonpartisan folks at the Center for Responsive Politics, we've combined a list of the top ten corporate campaign contributors, offering a look at the candidates they support, the issues that concern them, and their lobbying habits.

FedEx Will Boost Shipping Rates 3.9% in January

FedEx, the world's biggest air-cargo carrier, will boost shipping rates in January as it looks to offset the effects of rising fuel costs on its bottom line. The company will increase FedEx Express shipping rates for domestic and export services by an average of 3.9%.