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Category: FedEx

  • FedEx stock target cut on demand concerns, retains buy rating By Investing.com

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    Investor Empires

    On Friday, TD Cowen took a cautious stance on FedEx Corp (NYSE: ) shares by cutting its price target to $328 from $334, while still recommending the stock as a Buy. The revision comes on the heels of FedEx’s first-quarter financial results, which fell short of analyst expectations or the…

  • FedEx to cut up to 2,000 back-office jobs in Europe amid weak freight demand By Reuters

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    Investor Empires

    Written by Ananta Agarwal (Reuters) – FedEx plans to cut between 1,700 and 2,000 back-office jobs in Europe, in its latest cost-cutting effort as the package delivery giant faces a decline in demand for shipping. FedEx (NYSE:) said the cuts will extend over 18 months and will result in a…

  • Federal judge sends FedEx contractor’s racketeering claim to arbitration By Reuters

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    bitlyfool

    LOS ANGELES (Reuters) – A federal judge ruled on Monday that a small company contracted to deliver packages for FedEx (NYSE:) on the California-Oregon border must go to arbitration with FedEx over claims it made against the company for extortion and other alleged legal violations. . In granting FedEx Ground’s…