DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Lisa Baertlein Kannaki Deka"


3 mentions found


☆ FedEx to combine delivery units as part of $4 bln cost-cut push
  + stars: | 2023-04-05 | by ( Lisa Baertlein Kannaki Deka | Lisa Baertlein | Kannaki Deka | ) www.reuters.com   time to read: +3 min
The move to integrate FedEx Ground, its outsourced package delivery arm, with the FedEx Express overnight air delivery business was announced almost a year after activist investor D.E. FedEx Express is already handling FedEx Ground's pickup and deliveries in Alaska and Hawaii - fueling concerns that Ground contractors in the lower 48 states could be let go. John Smith will become president and CEO of U.S. and Canada ground operations at FedEx Express and assume leadership of surface operations across the FedEx Express, FedEx Ground and FedEx Freight businesses from April 16. FedEx Freight will continue to provide freight transportation services as a standalone company under the Federal Express Corp banner, the company added. Shares in FedEx, which also announced a 10% dividend boost on Wednesday, were up about 2% in mid-morning trade.
☆ FedEx raises full-year earnings forecast after cost cuts, shares soar
  + stars: | 2023-03-16 | by ( Lisa Baertlein Kannaki Deka | Lisa Baertlein | Kannaki Deka | ) www.reuters.com   time to read: +3 min
Fedex has been wringing costs from its bloated operations by shuttering offices, cutting jobs, reducing flights, grounding airplanes and canceling profit-sapping Sunday deliveries in far-flung areas. "Our cost actions are taking hold, driving an improved outlook for the current fiscal year," Chief Executive Raj Subramaniam said in a statement. Adjusted income for the fiscal third quarter ended Feb. 28 came in at $865 million, or $3.41 per share. Earnings per share were down $1.18 from the year earlier, but 68 cents higher than analysts' average estimate. FedEx shares jumped 11.3% to $227.12 in after hours trade.
☆ FedEx raises fiscal 2023 earnings forecast, shares soar
  + stars: | 2023-03-16 | by ( Lisa Baertlein Kannaki Deka | Lisa Baertlein | Kannaki Deka | ) www.reuters.com   time to read: +2 min
March 16 (Reuters) - FedEx Corp (FDX.N) on Thursday raised its fiscal 2023 profit forecast and reported progress on its plan to shave $3.7 billion in costs from its global delivery business, and its shares jumped 12%. Fedex has been wringing costs from its bloated operations by shuttering offices, cutting jobs, grounding airplanes and canceling profit-sapping Sunday deliveries in far-flung areas. On Thursday, FedEx forecast fiscal 2023 adjusted profit of $13.80 to $14.40 per share, up from its previous projection of $12.50 to $13.50. Adjusted income for the fiscal third quarter ended Feb. 28 came in at $865 million, or $3.41 per share. At the close of the regular trading session on Thursday, FedEx shares were up about 18% year-to-date, versus the 8% gain in shares of more profitable rival United Parcel Service (UPS.N).
0 next >>
Total: 3