FedEx plans to sell FedEx Supply Chain to CMA CGM Group, a Marseille-based global provider of sea, land, air and logistics solutions, at an enterprise value of $1.4 billion.
CMA CGM will offer ocean transport and carrier services under a nonexclusive agreement with FedEx and the companies will also work together on select air-cargo capacity solutions.
French shipping group CMA CGM has agreed to acquire FedEx's third-party logistics business for an enterprise value of $1.4 billion, it said on Wednesday, as it seeks to expand its presence in the logistics sector and in the United States.
The EEOC has sued FedEx, alleging the company discriminated against blind package handlers at its North Carolina facility by failing to provide reasonable workplace accommodations.
This is my latest article, where I provide predictions of upcoming dividend increases from companies with long-term dividend growth histories. With the release of the Federal Reserve stress test results, eight financial institutions announced dividend increases in June. Bank of America is poised to announce its 13th consecutive year of dividend growth in July along with 15 other companies.
FedEx Corporation stock delivered over 70% total returns since last fall, but I now downgrade to Hold due to shifting risk/reward. The Freight spinoff clarifies strategic focus and enables a $4.15B debt buyback, reducing leverage and financial risk. FDX's fiscal Q4 showed resilient volumes, strong yield growth, and robust top-line/EPS beats.
MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) (“FedEx”) today announced that it has commenced cash tender offers (each, an “Offer” and, collectively, the “Offers”) for the maximum principal amount of validly tendered (and not validly withdrawn) notes set forth below (collectively, the “Notes”), such that the aggregate purchase price, not including accrued and unpaid interest, payable...
FedEx Corporation is now a more focused express and ground parcel business post-Freight spinoff, simplifying analysis and investment decisions. FY26 results showed strong pricing power, with revenue up 9.3% and adjusted operating margin at 7.7%, driven by yield increases across premium segments. Despite positive volume and mix trends, limited segment disclosure and transitional costs create val...
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