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.
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.
What might happen to the price of oil and how will this affect U.S. economic growth? Here are three possible scenarios.
The U.S. Justice Department has begun an investigation into the country's two largest delivery companies, UPS and FedEx. Both have policies aimed at preventing customers from negotiating lower shipping rates through third parties.
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 business lexicon. What's being driven now is often intangible, and the mechanics of who or what's doing the driving are a mystery. Hey, let's drive some eyeballs to this story!
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, and it's an attempt to keep up with Amazon's service.
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, the world's leading package-delivery service and an ostensible bellwether of the U.S. economy, will report its latest earnings this week. Also, with the holiday shopping season well underway, Best Buy and Discover Financial Services are also reporting quarterly results.
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. How big is the risk, and how much is security worth?
The mammoth retailer plans to increase the number of its smaller-format stores and trim down the SuperCenters in new markets. The goal: To boost sales, especially among the lower-income households it considers its base.
What companies have shelled out the most to America's political campaigns? Using data from the nonpartisan Center for Responsive Politics, we've created a top-10 list, offering a look at the candidates they support, the issues that concern them and their lobbying habits.
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%.
