UPS plane crash: How often do cargo jets go down? [USA TODAY]
FedEx Corporation (FDX)
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Source: USA TODAY
LOUISVILLE, KY – The crews are small. They fly fewer flights. Cargo planes operate essentially off most people's radar. But for workers on board and people on the ground, they still present a potentially deadly hazard when things go wrong - just as with any major airliner. Federal statistics show cargo crashes remain rare but attract widespread attention when they happen. The deadly crash in Louisville, Kentucky, of a UPS plane on Nov. 4 is the latest example. At least four people died and 11 were injured, authorities said. UPS said three crew members were on board. Flight 2976's crash came while departing from the Muhammad Ali International Airport. The facility is the site of UPS Worldport, the company's primary air hub and the world's largest automated package sorting facility, sorting millions of packages daily. The flight is one of nearly 2,000 UPS operates daily, according to a company fact sheet from 2024. UPS' fleet includes around 300 company jets and around 200 char
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- FedEx (NYSE:FDX) had its price target raised by analysts at JPMorgan Chase & Co. from $274.00 to $285.00. They now have a "neutral" rating on the stock.MarketBeat
- FedEx (NYSE:FDX) had its "positive" rating reaffirmed by analysts at Susquehanna.MarketBeat
- FedEx (NYSE:FDX) had its price target raised by analysts at BMO Capital Markets from $255.00 to $265.00. They now have a "market perform" rating on the stock.MarketBeat
- FedEx (NYSE:FDX) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- FedEx planning to cut 856 jobs in Texas - report [Seeking Alpha]Seeking Alpha
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