FedEx shares tumble 16% on limp demand, delivery trade-down
By Shivansh Tiwary and Lisa Baertlein (Reuters) -Shares of FedEx slumped almost 16% on Friday, the worst in two years, after a dismal first-quarter profit drop due to anemic economic conditions and an ongoing customer shift toward slower,
FedEx’s earnings miss may be more of a speed bump than a brick wall, analyst says
Analysts see a potential spinoff of FedEx’s freight business as a possible boost, but the stock is dropping sharply
FedEx earnings miss could signal a slowing economy
FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this year, a sign of possible cooling in the wider economy.
FedEx flags major shift in consumer behavior that’s hurting profits
The shipping carrier is calling out a growing trend that speaks volumes about the current state of the industrial economy.
FedEx Stock Is Down. Earnings Show Why The Fed Cut Rates.
The economy just isn’t helping, and there is a troubling shift happening which shows why the Fed just cut benchmark interest rates. FedEx reported Thursday evening adjusted earn
FedEx shares tumble as customers opt for slow and cheap
FedEx reported a steep quarterly profit drop and lowered its full-year revenue forecast on Thursday after its customers continued to trade down from speedy, pricey delivery to cheaper, slower options.
Darden Stock Pops After Teaming Up With Uber Delivery: What to Know
Darden Restaurants' Q1 earnings came up short of expectations, but bulls are cheering the Olive Garden parent's new food ...
Car struck house after delivery driver forgot to put it in park, Stafford County deputies say
The Stafford County Sheriff’s Office (SCSO) said a vehicle ran into a house Thursday. Deputies responded to a home in Clint ...
D.C. closes Canna Coffee after viral video of owner berating delivery driver
The owner of Canna Coffee told a delivery driver to “learn English” in a recorded encounter. The city said the shop was ...
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Two Chicago teens arrested in Deer Park for alleged iPhone delivery thefts
Two Chicago teenagers were arrested in Deer Park after being suspected of stealing iPhone16s delivered to homes in the area.
USPS hits back at Boston City Council service failure claims, says delivery is within ‘performance standards’
The U.S. Postal Service hit back at the Boston City Council’s claims that delivery failures were frequently leaving residents ...
Olive Garden teams up with Uber Direct to offer delivery
Darden Restaurants said Olive Garden will be the first of its brands to offer third-party delivery starting later this year.
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Delivery Worker In China Dies After 18-Hour Shift, A Month After Suffering A Leg Fracture
Yuan had a reputation for being an extremely hard worker and was often called as the ‘Order King’ and his passing ignited a ...
First Airbus A321XLR delivery due in second-half October, airline says
The first delivery of Airbus' longest-range narrowbody jet, the A321XLR, is poised to slip into October, apparently missing ...
Uber to provide delivery for Olive Garden in new partnership
Darden Restaurants plans to start delivering Olive Garden food via Uber later this year, according to a Thursday announcement from the company.
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Olive Garden has long resisted food delivery — until now
Darden Restaurants, the parent company of the casual Italian eatery, has announced it has partnered with Uber to offer Olive ...
FedEx quarterly profit disappoints as demand for speedy delivery wanes
FedEx reported a lower first-quarter profit on Thursday as demand in the package industry remained muted, especially for ...