fedex

FedEx Delivers on Earnings, but Shares Fall

FedEx (FDX) earnings beat Wall Street's expectations by a penny a share as the world's second largest shipping company after UPS (UPS) enjoyed brisker business on the back of global economic recovery, but a tepid outlook hurt the stock. Market watchers key in on FedEx and UPS earnings because their worldwide shipping networks make them especially attuned to global demand.

Overnight Delivery to Europe? Not While the Volcano Is Spewing

International shipping companies are scrambling to keep their operations moving, even as volcanic ash from Iceland closes down air traffic across much of Europe. Time-sensitive documents make up a large part of international air shipments. Promises of overnight deliveries are on hold.

Stocks in the News: Boeing, FedEx, Palm

Somaxon shares gained the most out of all U.S. stocks today, while Boeing shares lifted the Dow and new CEO drove up Barnes and Noble shares. Meanwhile, rumors of a Google, Intel and Sony partnership also moved those stocks.

Losing Money Isn't the Postal Service's Only Problem

Faced with an estimated $7 billion shortfall in 2010, the United States Postal Service is contemplating radical cuts that would eliminate Saturday mail delivery and raise the cost of postage. But to really turn the USPS's problems around, it will either need to be directly funded by the government or it needs the freedom to set its own prices, policies, and hours.

Delta, Continental Up Baggage Fees

Delta and Continental are raising the fees they charge customers to check baggage to $25 for the first bag. The move underscores how the industry is trying to squeeze every nickle from the flying public. The winners in this trend? Package-delivery companies.

FedEx does not deliver

Blaming a faltering economy, FedEx Corp. (FDX) today reported worse than expected third quarter results. The shipping company said it sees little...

FedEx announces 2009 rate hikes

FedEx has just announced a new round of rate hikes, but they won't be in effect until after the holiday peak shipping season. The company plans to...