The shares of FedEx Corporation (NYSE:FDX) fell nearly five percent after the company announced lower-than-expected second quarter 2015 financial results. FedEx Freight and FedEx Ground were the two units losing out on market expectations. The courier service company announced its second quarter 2015 financial results with consolidated revenues of $11.9 billion along with operating income…
FedEx Corporation (FDX), Lowe’s Companies, Inc. (LOW), Baker Hughes Incorporated (BHI): Top 3 Stock Holdings of Greenhaven Associates Inc
Greenhaven Associates Inc is run by Edgar Wachenheim with current portfolio of $5.20 billion and FedEx Corporation (NYSE:FDX), Lowe’s Companies, Inc. (NYSE:LOW), Baker Hughes Incorporated (NYSE:BHI) are among its primary stock holdings. As per the recent SEC 13F filing of Greenhaven Associates on October 30, 2014, its primary investments are in transport and energy sector.…
FedEx Corporation (FDX)’s New Jersey Workers Say No to Teamsters Union
It was a sigh of relief for FedEx Corporation (NYSE:FDX) when its New Jersey facility workers voted against Teamsters’ union membership on Friday. It was a huge setback for Teamsters Union considering they already had FedEx Freight pilots joining their team in September 2014. FedEx welcomed the move of its drivers to vote against the…
FedEx Corporation (FDX)’s Drivers Won Legal Ruling in Kansas Top Court Stating Them As Employees
FedEx Corporation (NYSE:FDX) might be due for some employee-associated costs for their fleet of drivers as the drivers have won a ruling in Kansas stating them as employees rather than independent contractors. This is an important legal victory for the drivers as the consolidated lead case has over 21 different lawsuits concerning overtime and unpaid…
FedEx Corporation (FDX) to Hire 50,000 Seasonal Workers After Excellent Fiscal First Quarter Financial Results
FedEx Corporation (NYSE:FDX) witnessed an increase of 3.25% in share prices by noon after an excellent first quarter 2015 result. The company reported 24% increase in its net income and it is likely to add up to 50,000 seasonal workers to handle the increasing delivery volume during the holiday season. FedEx Corporation (NYSE:FDX) released its…
United Parcel Service, Inc. (UPS) and FedEx Corporation (FDX) Tighten Their Belts Against Chinese Courier Services
Boom in online retailing industry has opened up new gates for courier services in the country. It is a common sight to witness courier-delivering mailmen riding on three-wheel carts and electric bikes. Major American courier services including United Parcel Service, Inc. (NYSE:UPS) and FedEx Corporation (NYSE:FDX) are hardly visible in the streets. In addition to…