fedex

Could Same-Day Delivery Save the Post Office?

By 2015, the U.S. Postal Service is expected to be losing money at a rate of $20 billion a year. But the Post Office has a plan intended to help stop the bleeding -- or at least slow it down. Next week, it will begin testing a new same-day delivery service called "Metro Post."

Holiday Shopping Calendar: Your List of the Best Days to Buy

Black Friday has been around for decades, but in the last several years, the holiday shopping season has gained a number of additional "special" shopping days. So if you're looking for the right days for deals, (or when to avoid the crowds) here's a run-down of all the retail deal days worth knowing.

Dow Posts Largest Percentage Drop Since July

Chevron shares dropped 4.2 percent to $112.45 after it said third-quarter profits would be "substantially lower" than the previous quarter, while Alcoa fell 4.6 percent to $8.71 after it posted a quarterly loss. The company cut its outlook for global aluminum demand, citing a slowdown in China.

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.

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.

Facebook Friends' New Benefit: Send Money Easily

In a joint effort with PayPal, Facebook launched a new app this week that could remake the money-transfer business. We test drove Send Money, a cheap -- sometimes free -- method for moving funds between you and members of your social network.

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.

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.

5 Things to Watch on Wall Street Next Week

There's never a dull moment on Wall Street -- and next week will be no exception. Here are some of the items that will help shape the week ahead once Monday rolls around.

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.

Hidden Meanings in 12 Popular Logos

Sometimes a company or brand logo is more than it first appears. For example, take a look at the hidden meanings or messages embedded in these 12...

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?

FedEx Looks to Deliver Solid Gains in Its Latest Quarter

FedEx will likely show an increase in fiscal second-quarter earnings of about 20% from a year earlier when it releases its latest report on Thursday. The huge air-cargo carrier is looking for a jump in revenue to more than offset rising costs for jet fuel and other items.

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.

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.

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%.

Can a Quadruple Witching Day Enchant Stocks?

Trading volume last week was anemic, but things could get moving again this week. In addition to some big-name earnings reports, this Friday is a "Quadruple Witching Day," and the market has a history of putting up weekly gains when they end with Witching days on Friday.

Coming This Week: FedEx, Best Buy and Oracle

Last week, the Fed's Beige Book report confirmed that the economy continues to grow, but at a slower pace than in previous periods. This week will bring other economic data to either support or contrast with the Fed's findings.

UPS Easily Tops Estimates, Raises Guidance

UPS (UPS) earnings rose sharply in the second quarter to easily beat Wall Street's forecast on better-than-expected revenue growth, the world's largest package delivery company said Thursday. UPS also raised its full-year profit outlook. Like rival FedEx (FDX), UPS is considered to be a bellwether of global economic activity.