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0.000523707851589234 0.00173226443217975 -0.00358538452241878 0.00402852193530194 -0.00260242517020511 -0.00489465415139187 -0.00717076904483745 -0.0041896628127141
Stock impact report

FedEx Delivers An Unattractive Rating Heading Into Holiday Season [Forbes]

FedEx Corporation (FDX) 
Last fedex corporation earnings: 3/17 04:03 pm Check Earnings Report
US:NYSE Investor Relations: fedex.com/us/investorrelations
Company Research Source: Forbes
gettyFedEx CorpThe Memphis logistics giant dropped its latest financial report for the first quarter of its 2021 fiscal year this past Tuesday, leading to a sudden increase in stock prices on top of an already-stellar year. The company attributes its most recent growth to the volume increase in both U.S. residential deliveries and international priority shipping in the wake of massive shutdowns and quarantines.For instance, residential shipping volume alone jumped from 8.8 million to 11 million daily deliveries in the last quarter. Unfortunately, these gains were partially offset by a decrease in commercial traffic as stores shuttered their doors.This higher demand has also led to higher costs for the company in areas such as employee compensation and safety precaution spending. And yet, that hasn’t stopped FedEx from ramping up its operations in preparation for an extended holiday season – the company plans to add over 70,000 new positions globally to cover peak delivery season deman Show less Read more
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