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  • UPS and FedEx grounding MD-11 planes following deadly Kentucky crash

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    UPS and FedEx said they are grounding their fleets of McDonnell Douglas MD-11 planes “out of an abundance of caution” following a deadly crash at the UPS global aviation hub in Kentucky.The crash Tuesday at UPS Worldport in Louisville killed 14 people, including the three pilots on the MD-11 that was headed for Honolulu.MD-11 aircraft make up about 9% of the UPS airline fleet and 4% of the FedEx fleet, the companies said.“We made this decision proactively at the recommendation of the aircraft manufacturer,” a UPS statement said late Friday. “Nothing is more important to us than the safety of our employees and the communities we serve.”FedEx said in an email that it will be grounding the aircraft while it conducts “a thorough safety review based on the recommendation of the manufacturer.”Boeing, which merged with McDonnell Douglas in 1997, did not immediately respond to an email from The Associated Press asking the reasoning behind the recommendation.Western Global Airlines is the only other U.S. cargo airline that flies MD-11s, according to aviation analytics firm Cirium. The airline has 16 MD-11s in its fleet, but 12 of them have already been put in storage. The company did not immediately respond to an email seeking comment outside of business hours early Saturday.Boeing announced in 1998 that it would be phasing out its MD-11 jetliner production, with final deliveries due in 2000.The UPS cargo plane, built in 1991, was nearly airborne Tuesday when a bell sounded in the cockpit, National Transportation Safety Board member Todd Inman said earlier Friday. For the next 25 seconds, the bell rang and the pilots tried to control the aircraft as it barely lifted off the runway, its left wing ablaze and missing an engine, and then plowed into the ground in a massive fireball.The cockpit voice recorder captured the bell, which sounded about 37 seconds after the crew called for takeoff thrust, Inman said. There are different types of alarms with varying meanings, he said, and investigators haven’t determined why the bell rang, though they know the left wing was burning and the engine on that side had detached.Inman said it would be months before a transcript of the cockpit recording is made public as part of that investigation process.Jeff Guzzetti, a former federal crash investigator, said the bell likely was signaling the engine fire.“It occurred at a point in the takeoff where they were likely past their decision speed to abort the takeoff,” Guzzetti told The Associated Press after Inman’s news conference. “They were likely past their critical decision speed to remain on the runway and stop safely. … They’ll need to thoroughly investigate the options the crew may or may not have had.”Video captured the aircraft crashing into businesses and erupting in a fireball. Footage from phones, cars and security cameras has given investigators evidence of what happened from many different angles.Flight records suggest the UPS MD-11 that crashed underwent maintenance while it was on the ground in San Antonio for more than a month until mid-October. It is not clear what work was done.The UPS package handling facility in Louisville is the company’s largest. The hub employs more than 20,000 people in the region, handles 300 flights daily and sorts more than 400,000 packages an hour.UPS Worldport operations resumed Wednesday night with its Next Day Air, or night sort, operation, spokesperson Jim Mayer said.___Golden reported from Seattle.

    UPS and FedEx said they are grounding their fleets of McDonnell Douglas MD-11 planes “out of an abundance of caution” following a deadly crash at the UPS global aviation hub in Kentucky.

    The crash Tuesday at UPS Worldport in Louisville killed 14 people, including the three pilots on the MD-11 that was headed for Honolulu.

    MD-11 aircraft make up about 9% of the UPS airline fleet and 4% of the FedEx fleet, the companies said.

    “We made this decision proactively at the recommendation of the aircraft manufacturer,” a UPS statement said late Friday. “Nothing is more important to us than the safety of our employees and the communities we serve.”

    FedEx said in an email that it will be grounding the aircraft while it conducts “a thorough safety review based on the recommendation of the manufacturer.”

    Boeing, which merged with McDonnell Douglas in 1997, did not immediately respond to an email from The Associated Press asking the reasoning behind the recommendation.

    Western Global Airlines is the only other U.S. cargo airline that flies MD-11s, according to aviation analytics firm Cirium. The airline has 16 MD-11s in its fleet, but 12 of them have already been put in storage. The company did not immediately respond to an email seeking comment outside of business hours early Saturday.

    Boeing announced in 1998 that it would be phasing out its MD-11 jetliner production, with final deliveries due in 2000.

    The UPS cargo plane, built in 1991, was nearly airborne Tuesday when a bell sounded in the cockpit, National Transportation Safety Board member Todd Inman said earlier Friday. For the next 25 seconds, the bell rang and the pilots tried to control the aircraft as it barely lifted off the runway, its left wing ablaze and missing an engine, and then plowed into the ground in a massive fireball.

    The cockpit voice recorder captured the bell, which sounded about 37 seconds after the crew called for takeoff thrust, Inman said. There are different types of alarms with varying meanings, he said, and investigators haven’t determined why the bell rang, though they know the left wing was burning and the engine on that side had detached.

    Inman said it would be months before a transcript of the cockpit recording is made public as part of that investigation process.

    Jeff Guzzetti, a former federal crash investigator, said the bell likely was signaling the engine fire.

    “It occurred at a point in the takeoff where they were likely past their decision speed to abort the takeoff,” Guzzetti told The Associated Press after Inman’s news conference. “They were likely past their critical decision speed to remain on the runway and stop safely. … They’ll need to thoroughly investigate the options the crew may or may not have had.”

    Video captured the aircraft crashing into businesses and erupting in a fireball. Footage from phones, cars and security cameras has given investigators evidence of what happened from many different angles.

    Flight records suggest the UPS MD-11 that crashed underwent maintenance while it was on the ground in San Antonio for more than a month until mid-October. It is not clear what work was done.

    The UPS package handling facility in Louisville is the company’s largest. The hub employs more than 20,000 people in the region, handles 300 flights daily and sorts more than 400,000 packages an hour.

    UPS Worldport operations resumed Wednesday night with its Next Day Air, or night sort, operation, spokesperson Jim Mayer said.

    ___

    Golden reported from Seattle.

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  • UPS and FedEx ground MD-11 planes after deadly Kentucky crash

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    UPS and FedEx said they are grounding their fleets of McDonnell Douglas MD-11 planes “out of an abundance of caution” following a deadly crash at the UPS global aviation hub in Kentucky.

    The crash Tuesday at UPS Worldport in Louisville killed 14 people, including the three pilots on the MD-11 that was headed for Honolulu. National Transportation Safety Board official Todd Inman said Thursday that the crashed plane was a 1991 McDonnell Douglas 2 that had been “altered” into a McDonnell Douglas MD-11 Freighter.

    MD-11 aircrafts make up about 9% of of the UPS airline fleet and 4% of the FedEx fleet, the companies said.

    “We made this decision proactively at the recommendation of the aircraft manufacturer,” a UPS statement said late Friday. “Nothing is more important to us than the safety of our employees and the communities we serve.”

    FedEx said in an email that it will be grounding the aircrafts while it conducts “a thorough safety review based on the recommendation of the manufacturer.” 

    Boeing, which merged with McDonnell Douglas in 1997, did not immediately respond to an email from The Associated Press asking the reasoning behind the recommendation. Inman said Thursday that the crashed plane was currently being “handled” by Boeing. 

    Flight records suggest the UPS MD-11 that crashed underwent maintenance while it was on the ground in San Antonio, Texas for more than a month until mid-October. It is not clear what work was done.

    Western Global Airlines is the only other U.S. cargo airline that flies MD-11s, according to aviation analytics firm Cirium. The airline has 16 MD-11s in its fleet but 12 of them have already been put in storage. The company did not immediately respond to an email seeking comment outside of business hours early Saturday.

    Boeing announced in 1998 that it would be phasing out its MD-11 jetliner production, with final deliveries due in 2000.

    The UPS cargo plane was nearly airborne Tuesday when a bell sounded in the cockpit, Inman said during a briefing Friday. For the next 25 seconds, the bell rang and the pilots tried to control the aircraft as it barely lifted off the runway, its left wing ablaze and missing an engine, and then plowed into the ground in a spectacular fireball. The plane was carrying about 255,000 pounds of jet fuel, as well as up to 20,000 packages. 

    The cockpit voice recorder captured the bell, which sounded about 37 seconds after the crew called for takeoff thrust, Inman said. There are different types of alarms with varying meanings, he said, and investigators haven’t determined why the bell rang, though they know the left wing was burning and the engine on that side had detached.

    Inman said it would be months before a transcript of the cockpit recording is made public as part of that investigation process.

    Jeff Guzzetti, a former federal crash investigator, said the bell likely was signaling the engine fire.

    “It occurred at a point in the takeoff where they were likely past their decision speed to abort the takeoff,” Guzzetti told The Associated Press after Inman’s news conference. “They were likely past their critical decision speed to remain on the runway and stop safely. … They’ll need to thoroughly investigate the options the crew may or may not have had.”

    Dramatic video captured the aircraft crashing into businesses and erupting in a fireball. Footage from phones, cars and security cameras has given investigators evidence of what happened from many different angles. Witnesses recalled chaos on the ground. 

    “It was explosion after explosion after explosion, so you just didn’t know when it was going to stop,” Georgie Dow, the chief financial officer of an auto parts business that was struck by the plane, told CBS News. “It was so hot … You took a step back because it was like heat in your face. There was no going to help.”

    The UPS package handling facility in Louisville is the company’s largest. The hub employs more than 20,000 people in the region, handles 300 flights daily and sorts more than 400,000 packages an hour.

    UPS Worldport operations resumed Wednesday night with its Next Day Air, or night sort, operation, spokesperson Jim Mayer said.

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  • Holiday shipping deadlines you need to know

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    Shipping gifts for the holidays. If it’s important they arrive at their destination by December 24, you’ll want to be aware of these ship by dates. The US Postal Service says the latest you’ll want to ship by ground anywhere in the contiguous US is December 17. You can literally buy yourself *** few more days using Priority Mail Express, but of course that will cost you. If you opt for FedEx or UPS ground delivery, plan for December 16th being your last date. They both offer faster delivery services if you’re in ***. But know that it might not be an option in all locations and could significantly increase the cost. Each company offers online tools to help you compare delivery and cost. Make sure to enter the origin and destination zip codes to get the clearest picture of timing. Any other arrive by date around the holidays, the normal transit window is up to 5 days, but we suggest assuming it may take *** full week for ground services. Carriers warn that volume and weather in December can add delays. Reporting in Washington, I’m Amy Lou.

    Holiday shipping deadlines you need to know

    Make sure your gifts arrive in time

    Updated: 2:00 PM EST Nov 6, 2025

    Editorial Standards

    Shipping gifts for the holidays? If it’s important they arrive at their destination by Dec. 24, you’ll want to be aware of these “ship by” dates. The U.S. Postal Service says the latest you’ll want to ship by ground anywhere in the contiguous U.S. is Dec. 17. You can literally buy yourself a few more days using Priority Mail Express, but, of course, that will cost you.If you opt for FedEx or UPS ground delivery, plan for Dec. 16 or 17 being your last date. Both carriers offer faster delivery services if you’re in a pinch, but know that it might not be an option in all locations and could significantly increase the cost. Each company offers online tools (UPS, FedEx) to help you compare delivery and cost. Make sure to enter the origin and destination zip codes to get the clearest picture of timing.For any other arrive-by date around the holidays, the normal transit window is up to five days, but they suggest assuming it may take a full week for ground services. Carriers warn that volume and weather in December can add delays.

    Shipping gifts for the holidays? If it’s important they arrive at their destination by Dec. 24, you’ll want to be aware of these “ship by” dates.

    The U.S. Postal Service says the latest you’ll want to ship by ground anywhere in the contiguous U.S. is Dec. 17. You can literally buy yourself a few more days using Priority Mail Express, but, of course, that will cost you.

    If you opt for FedEx or UPS ground delivery, plan for Dec. 16 or 17 being your last date. Both carriers offer faster delivery services if you’re in a pinch, but know that it might not be an option in all locations and could significantly increase the cost. Each company offers online tools (UPS, FedEx) to help you compare delivery and cost. Make sure to enter the origin and destination zip codes to get the clearest picture of timing.

    For any other arrive-by date around the holidays, the normal transit window is up to five days, but they suggest assuming it may take a full week for ground services. Carriers warn that volume and weather in December can add delays.

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  • FedEx’s Use of AI Chatbots Is the Worst Thing a Company Could Do to Its Customers

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    If you’ve ever had a package delayed by FedEx, you already know the feeling of frustration. You refresh the tracking page for the tenth time, watching as the promised “by noon” delivery window ticks by. Only it’s not coming.

    So, you do what people do and try to figure out what’s going on. One of the most amazing technological advances of the last 50 years is that you can watch a package go from Seattle or Los Angeles, travel across the country, and arrive at your home in Miami or New York. The amount of coordination and logistics that go into making that happen is not something I can comprehend. The problem is, sometimes it seems like it’s just theater.

    For example, I was recently waiting for a package promised to be delivered by noon, though the tracking information said it never even left FedEx’s hub in Memphis. Even still, it insisted it would arrive at my door on time—despite being 700 miles away.

    That doesn’t really make sense, but it’s not nearly as bad as trying to actually contact FedEx’s customer support, which is now an artificial intelligence mess. You’d think that technology would mean faster responses or better answers. What it actually means is that the company has built a wall between itself and its customers—and then put a talking robot in front to tell you to go away.

    AI virtual assistants

    When you open the chat window on FedEx’s website, you’re greeted by an AI “virtual assistant” that offers to help. It can tell you what you already know: your package hasn’t moved. It can read tracking data, copy-paste policy lines, and assure you that it has the most up-to-date information. What it can’t do is anything remotely useful.

    I kept asking the chatbot why my package wasn’t delivered, but it just kept insisting that it was scheduled for delivery that day, even though it was already 10 p.m. Telling me that a package still sitting in an airport in Memphis will be delivered in Michigan is neither up-to-date nor useful.

    Of course, if you ask it to talk to a person, it’ll ask you to call. That seems reasonable, but if you do, you’ll hear that “our agents have the same information you can find online.” In other words, the company doesn’t even want you to try. It’s a remarkable statement: not only is the bot incapable of helping you, but FedEx seems proud of the fact that its human employees wouldn’t be able to either.

    Humans want to talk to humans

    The thing is, I know for sure that the humans can help you. At a minimum they can try to explain what went wrong. In some cases, those humans will go out of their way to try to solve whatever happened to your package.

    I mean that sincerely. FedEx has a long tradition of employees going out of their way to help customers get their deliveries, sometimes taking extraordinary measures to deliver a passport or business contract.

    And—to be very clear—the problem here is not with the planes and delivery trucks and people who deliver FedEx packages. Sure, my package was delayed, but I fully understand that things happen. I wasn’t mad about it, I just wanted to know what happened so I could plan.

    The problem isn’t even with the people you might talk to on the phone if you’re able to figure out the secret pathway through to an actual human. The problem is with the people who make decisions about how to do things like “streamline operations” and “increase efficiency,” by inserting technology in places where humans would rather interact with other humans.

    The wrong incentives

    Companies like FedEx know exactly what they’re doing. They don’t deploy AI chat systems because customers love them. Companies do it because it’s cheaper than hiring enough people to handle the number of inquiries and complaints they get. They do it because they know most people will give up before ever talking to someone who might actually solve their problem.

    And, to be fair to FedEx, it is definitely not the only company that is doing this. I wrote previously about how UPS and Taco Bell are inserting robots where people would prefer to interact with a human.

    If you think that you can use AI to save a bunch of money by letting your customers talk to robots instead of humans, I promise you, you’re doing it wrong. Your customers do not want to talk to robots, they want to talk to a person.

    I’m sure that there are times when the robots will provide a better answer, but it is not a better experience. And anyone who tries to justify it as being a better experience is thinking about the wrong incentives. It probably seems less expensive, except that it really isn’t when you make enough of your customers mad that they decide they don’t want to be your customers anymore.

    The illusion of a better experience

    Also, just because your support team ends up dealing with fewer customers doesn’t mean there are fewer problems. It just means that the customers who have those problems gave up before getting them solved. It just means they’re out there getting mad, and that chips away at your brand promise in ways you don’t even realize because you decided you didn’t want to hear from them.

    The irony is that FedEx’s business is built entirely on reliability and communication. The company wants you to trust it to deliver something important—something valuable—on time. But when that trust breaks down, the least it can do is acknowledge you as a person. It’s hard to overstate how damaging that is to a brand.

    In theory, AI could make customer service better. A well-trained model could predict issues before they happen, proactively communicate delays, and make sure humans step in when empathy or judgment is required. In practice, FedEx has done the opposite. It built a system that’s designed to minimize the number of human interactions precisely when customers need them most.

    That might save money in the short term. But in the long term, it teaches customers not to trust you. It teaches them that if something goes wrong, they’re on their own.

    I reached out to FedEx, but the company did not immediately respond to my request for comment.

    The opinions expressed here by Inc.com columnists are their own, not those of Inc.com.

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    Jason Aten

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  • Are Costco and Walmart open on Labor Day? Find out which grocery stores would be open for business

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    What’s Open—and What’s Closed—on Labor Day 2025

    As Labor Day approaches this year—falling on Monday, September 1, 2025—many Americans are planning barbecues, shopping excursions, or quick getaways. Here’s a breakdown of what to expect as stores, services, and institutions adjust to the federal holiday.

    Retail & Grocery Stores

    Open (mostly regular or slightly modified hours):
    Major retailers like Target, Walmart, Home Depot, Best Buy, Lowe’s, Kohl’s, Macy’s, Nordstrom, Ross, TJ Maxx, and others (e.g., Michael’s, Petco, Staples, Big Lots, Marshalls) will be open with regular hours, offering plenty of shopping and last-minute deals.

    Grocery chains including Trader Joe’s, Whole Foods, Kroger (and its affiliates such as Ralphs, Harris Teeter, Pick ’n Save, Fred Meyer), Publix, Stop & Shop, Wegmans, Safeway, and Vons will also be open with usual hours.

    Open with adjusted or limited hours:

    Aldi will operate, but most locations will close early—commonly around 6 p.m., though you should check ahead.
    Sam’s Club will remain open, but with reduced hours, typically closing around 6 p.m. (Plus Members may have extended hours).

    Closed:

    Costco is the notable exception—it will be closed across all locations for the entire day.

    Pharmacies & Drugstores

    Chain pharmacies such as CVS and Walgreens are expected to remain open, though pharmacy services may vary by location—some may operate on limited or holiday hours.

    People visit CVS Pharmacy store in San Francisco, California. CVS Pharmacy is a major American retail chain.

    Postal Services & Deliveries

    The U.S. Postal Service (USPS) will be closed, with no mail delivery, as it follows the federal holiday schedule.
    UPS and FedEx will halt regular pickup and delivery services. Some FedEx Office locations may be open with modified hours, and both companies offer critical services (e.g., UPS Express Critical or FedEx Custom Critical) that remain operational .Banking, Stock Markets &

    Government Offices

    Banks will be closed on Labor Day, with ATMs and online banking still functional. However, transactions made that day will typically process the next business day.
    Both the New York Stock Exchange (NYSE) and Nasdaq will be closed for trading on Labor Day, resuming normal operations on Tuesday, September 2.
    Federal, state, and local government offices, including courts, DMVs, and various administrative agencies, will be closed, with services resuming the following day.

    Detail of Chicago Board of Trade buidling in downtown down town for stock market and trading or investing

    Schools & Libraries

    Most public schools will be closed in observance of the holiday, with private school schedules varying by district—check local calendars for specifics.
    Libraries are expected to follow similar closure schedules—most will be closed or have limited hours.

    Travel & Public Transportation

    In cities like Houston, METRO buses, Metrorail, and Metrorapid will operate on reduced (Sunday-level) service, while park-and-ride services will be unavailable.
    Travel advisories, including from the TSA, warn of increased airport volumes and encourage early arrival—especially for those traveling by air.

    Quick Reference Table

    Retail Stores

    Walmart, Target, Home Depot, etc.

    Aldi, Sam’s Club

    Costco

    Grocery Chains

    Whole Foods, Trader Joe’s, Kroger, etc.

    Aldi, Sam’s Club

    Costco

    Pharmacies

    CVS, Walgreens (hours vary)

    Postal & Delivery

    Critical services (UPS/FedEx)

    FedEx Office (limited hours)

    USPS, regular FedEx/UPS

    Banks & Financial

    ATMs & online banking

    Bank branches, stock markets

    Government Services

    All non-essential offices

    Schools & Libraries

    Most are closed

    Public Transit

    Greater regular services

    Sunday schedule (e.g., Houston METRO)

    Final Notes

    Costco will be closed all day.
    Most major retailers and grocers (Target, Walmart, Home Depot, etc.) are open as usual.
    Limited hours apply to chains like Aldi and Sam’s Club.
    USPS, banks, government offices, and stock markets remain closed.
    Critical delivery services operate, but standard ones do not.

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  • USPS shakeup could mean higher shipping costs for consumers

    USPS shakeup could mean higher shipping costs for consumers

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    The U.S. Postal Service said Wednesday that it is ending discounts that shipping consolidators such as UPS and DHL use to get packages to the nation’s doorsteps, in a move meant to help the Postal Service slow losses but that could see the higher costs passed on to consumers.

    Consolidators move about 2 billion packages through the Postal Service each year — accounting for roughly a quarter of its total parcel volume — and the change will boost postal revenues and efficiencies while encouraging shippers to simply use Postal Service services such as Ground Advantage, U.S. Postmaster General Louis DeJoy told The Associated Press.

    He insisted the move is aimed at financial sustainability even though it could boost Postal Service market share and make it more costly for consolidators, who could pass on the costs to consumers.

    “I’m not trying to take over the package business. I’m just trying to save the mail business,” he said.

    The change is overdue, DeJoy said, as the Postal Service seeks to cut losses and deal with changing shipping habits following an 80% drop in first-class mail since 1997. Some consolidator agreements already have been renegotiated while others will be redrawn as contracts expire over the coming year, he said.

    “Reevaluating these business arrangements is the right thing to do for the Postal Service and the American people. And of course, we will make agreements with consolidators who are willing to negotiate deals based upon a more rational use of our network in a fashion that is mutually beneficial,” he said.

    The changes are part of the Postal Service’s efforts to boost its own Ground Advantage package shipments and to eliminate cheap access to its vast network for the most costly part of shipping — the final leg in which postal carriers make deliveries six days a week to 167 million addresses across the country, DeJoy said.

    It affects shipping consolidators that drop off large numbers of packages at about 10,000 locations across the country. Under the new changes, the number of locations will be cut down to about 500 large hubs that are equipped to handle the volume, he said.

    The move, signaled in a June filing with the Postal Regulatory Commission, is part of DeJoy’s ongoing efforts to eliminate budget shortfalls and improve efficiency as part of a 10-year plan to achieve financial sustainability.

    It doesn’t affect large shippers such as Amazon that negotiate deals directly with the Postal Service. But it could mean higher shipping costs for all sorts of products that are shipped by consolidators who have saved money by using the Postal Service network for final deliveries. Some of the big ones are DHL eCommerce and OSM Worldwide. UPS is another consolidator through SurePost and Mail Innovations.

    The higher costs for tapping into the Postal Service’s vast network is bad news for consolidators unless they can find local delivery companies or contract workers to do the last mile delivery at the prices they had with the Postal Service, said Satish Jindel, a shipping and logistics and president of ShipMatrix, which produces shipping software.

    “Their days are numbered,” he said of consolidators.

    Change is already afoot for some consolidators.

    Pitney Bowes filed for bankruptcy protection effective next month for its e-commerce division. FedEx is eliminating its FedEx Smart Post that utilized the postal network, and converting it to FedEx Economy Ground using its own trucks and contractors.

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    David Sharp, The Associated Press

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  • Former FedEx Driver Faces Charges After Stolen French Bulldog Dies In His Hot Truck

    Former FedEx Driver Faces Charges After Stolen French Bulldog Dies In His Hot Truck

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    A former FedEx driver is facing charges for allegedly stealing a French bulldog that later died in his truck.

    According to PEOPLE, this incident reportedly occurred while the ex-driver, Kimani Joehon Marshall, was on a delivery route in Harnett County, North Carolina. Authorities allege Marshall saw the tan and white French bulldog roaming the neighborhood during his route.

    The outlet confirmed that Kimani Marshall took the estimated $5,500 French bulldog on July 3 and left it in his truck.

    Per WTVM 9, the dog Tori was later found dead in the hot FedEx truck on July 10 in Lillington, North Carolina. Investigators believe that Tori died of heatstroke due to the high temperatures in Kimani Marshall’s truck.

    Accuweather reported that temperatures in Lillington, North Carolina, reached 90 degrees on July 3.

    As of July 22, Kimani Marshall faces charges of dog theft, stolen goods, and animal cruelty. According to the online docket, he posted his $50,000 bond on that same day as his arrest. Furthermore, his disposition hearing is scheduled for 9 a.m. on September 3.

    Former FedEx Driver’s History With Stolen Dog

    The New York Post reveals that Kimani Marshall actually knew Tori’s owners. He reportedly previously asked if he could breed her with his dog, but they declined.

    Tori’s owner, Lori Hartman Kemmerer, said she escaped between 6 and 9:30 p.m. because her door was mistakenly left open. Tori was later seen running on US 421 N toward Lillington.

    Lori updated her Facebook friends about Tori through a series of posts. On July 4, she shared her heartbreak as they continued searching for her beloved dog and even offered an award for her recovery.

    “We have searched all over and cannot find her. We are heartbroken to say the least. Tori will never survive being out in the heat,” Lori wrote.

    More Details On French Bulldog’s Passing

    In another Facebook post, Lori also shared that Tori was a ribbon-winning show dog.

    “Not only was she amazing in the show ring, which she loved every second, she loved everyone she met. Most of all, she loved me unconditionally. Please hold your babies close,” Tori added.

    FedEx has sent their condolences to Tori’s family and issued a heartfelt statement about her to ABC11. The popular company also confirmed that Kimani Marshall is no longer an employee.

    “We extend our deepest sympathies to the family on the loss of their beloved pet. We understand the importance of people’s pets in their lives and deeply regret the pain that this has caused. The driver is no longer providing service on behalf of FedEx.”

    RELATED: FedEx Driver Sanitizes Package For Girl With Autoimmune Disorder To Reduce Her Exposure To Coronavirus

    What Do You Think Roomies?

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    Ashley Rushford

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  • FedEx completes first EV cross-border delivery from Malaysia to Singapore

    FedEx completes first EV cross-border delivery from Malaysia to Singapore

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    FedEx Express, a subsidiary of FedEx Corp. and one of the world’s largest express transportation companies, has set a record for successfully executing the first-ever cross-border package delivery from Malaysia to Singapore with an electric vehicle (EV). The attempt was recognized by the Malaysian Book of Records for ‘First Zero Emission Cross-Border Delivery.’ It also underscores the company’s goal of achieving carbon-neutral operations by 2040.

    The milestone journey, which spanned 406-kilometers, commenced at a FedEx station in Shah Alam and concluded at a FedEx facility at Changi Airport in Singapore. The journey was completed with just a single charge in Johor. It also demonstrated an approximately 100-kilogram reduction of tailpipe CO2 emissions when compared to diesel-powered vans. 

    “When we set our goal of carbon neutral operations by 2040, we knew we were setting a bold target that set us apart in our industry and across other industry sectors. Transitioning successfully to a zero emissions operating model means we need to think strategically about all of our ground operations, not just last-mile delivery,” said Kawal Preet, president of Asia Pacific, Middle East, and Africa region at FedEx. “This cross-border trial has been a successful proof of concept that will help advance our fleet electrification program. This will be pivotal in shaping the future of its operations, which will not only benefit the environment but also improve the efficiency of its fleet while providing excellent service to its customers.”

    FedEx is using the insights gained from this trial to assess operational effectiveness for future cross-border pick-up and delivery operations.  In addition to vehicle electrification, FedEx has a tailored approach to efficient and responsible resource management of both its air and ground operations. This is part of the FedEx sustainability strategy, which focuses on the tree R’s:  Reduce, Replace, Revolutionize. Specific efforts include fuel savings initiatives, investments in renewable energy, and implementation of sustainable packaging solutions. 

    The company also recently launched a cloud-based carbon emissions reporting tool, FedEx® Sustainability Insights, giving customers access to historical emissions information on their shipments within the FedEx network. FedEx customers can use the data to help make more informed decisions on their future shipping strategy to reduce their impact to the environment. 

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    Gadgets Magazine 17

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  • FedEx drops name off Commanders’ Landover stadium, ending its naming rights agreement early – WTOP News

    FedEx drops name off Commanders’ Landover stadium, ending its naming rights agreement early – WTOP News

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    FedEx announced on Wednesday that the shipping giant would be ending its sponsorship of FedEx Field two years early, a day after the Washington Commanders announced millions in upgrades to the stadium.

    Following the announcement that the stadium would be renamed, the FedEx Field sign is seen on Feb. 28, 2024. (WTOP/José Umaña)

    The Washington Commanders’ stadium will be getting a new name after more than two decades of being known as FedEx Field. The company is ending its sponsorship of the stadium two years early.

    The team tells WTOP that for now the stadium will be called Commanders Field while the Commanders look to secure a new naming rights partner.

    FedEx said in a statement to WTOP the package delivery giant is focusing on “broader NFL sponsorship and opportunities” as it gives up the naming rights to the Prince George’s County stadium.

    “We continuously review our marketing programs to ensure our investments are aligned with our evolving business objectives,” the statement said. “We believe the future is bright for the Washington Commanders, and we look forward to watching the team evolve under their new ownership.”

    FedEx had the naming rights to the stadium where the football team plays through 2025. It paid the team $205 million in 1999 for the naming rights, changing its name from Jack Kent Cooke Stadium.

    The Commanders thanked the delivery company for “its longstanding naming rights sponsorship and their work with our team and community” in a statement.

    “We have already started the process of identifying our next stadium naming rights partner — a partner who will play a crucial role in ushering in the next era of not only Commanders football, but also a robust slate of top live events and concerts,” the team’s statement read.

    A 2023 internal document detailing investments in the football team and stadium by new owner Josh Harris outlined a provision in the naming rights contract that allowed FedEx to terminate their stadium sponsorship deal if management of the team changed.

    The leaked document also said Washington could bring on a higher-paying name rights sponsor in 2024, with a projected $10 million increase in naming rights revenue for the 2024 season.

    When will the Commanders’ stadium be renamed?

    Matt Winkler, professor of sports analytics and management at American University, said he’s “not surprised” by FedEx’s decision.

    Winkler said it was apparent the shipping giant was leaning this direction during the last few years of the Dan Snyder era, citing a letter the company sent then-owner Daniel Snyder in 2020 asking the team to change its name.

    “That was the first sort of canary in the coal mine, but a very serious one,” Winkler said.

    Winkler believes we will see a short-term naming rights deal, as the team decides where it wants its home to be for the long term. According to Winker, while he is confident the team is already fielding new naming rights offers, especially from some big regional companies, he said finding the right sponsor could take some time.

    “We’ve seen the Nationals, you know, have trouble after all these years, finding the right naming rights partner for their stadium. So, it’s not a slam dunk,” he said.

    Other stadium changes to come

    The announcement comes a day after the NFL team released plans for upgrades to the stadium.

    While the team is contractually obligated to play at the Landover stadium through 2027, it has been looking into building a new stadium.

    The House is expected to vote Wednesday on a bill that would allow D.C. to redevelop the old RFK Stadium site, possibly clearing the path for a Commanders return to the District.

    Finding a new naming rights partner for its stadium is the latest addition to a list of changes that Washington said it’s “excited about for the 2024 season,” including new head coach Dan Quinn and the No. 2 overall pick in the NFL draft.

    The Washington Post first reported the end of the sponsorship deal.

    This story is developing. Stay with WTOP for the latest. 

    WTOP’s Mike Murillo and Thomas Robertson contributed to this report.

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  • FedEx announces its own commerce platform for merchants | TechCrunch

    FedEx announces its own commerce platform for merchants | TechCrunch

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    Logistics company FedEx announced its own commerce platform called FDX today. The platform will likely compete against Amazon by offering merchants services like demand generation, fulfillment, tracking, and post-purchase experiences including returns.

    The company said that FDX is currently in private preview with plans for a wider launch in fall 2024. Businesses can register their interest in trying it out through a form. The company didn’t mention any brands that are part of the pilot program.

    FedEx’s announcement has a lot of marketing buzzwords including “data-driven,” “digitally-led” and “end-to-end e-commerce solution for businesses of all sizes” but is thin on details like how it will compete with existing platforms.

    The company said that merchants could use FedEx’s services such as ShopRunner — an e-commerce platform it acquired in 2020 — to reach customers, show estimated delivery time on websites, handle carts, track packages, record the carbon emission impact of deliveries, and manage returns.

    Amazon has been offering Fulfiled by Amazon (FBA) for years now to let merchants use the company’s shipping and logistics infrastructure.

    In 2022, Amazon started allowing third-party merchants who already use FBA to list Prime-eligible items on their own sites. In January 2023, the e-commerce giant expanded this feature to all U.S. merchants and also allowed them to show Amazon reviews of an item on their site. Last November, Amazon launched new perks for Buy With Prime such as easy returns and customer support.

    Last year, the Wall Street Journal reported that Amazon has been outpacing rivals FedEx and UPS in terms of package deliveries in the U.S.

    In 2019, FedEx ended both air express and ground delivery contracts with Amazon. At that time, the Tennessee-based company said that Amazon represented only 1.3% of revenue for the 12-month period that ended in December 2018. In December 2019, Amazon blocked third-party merchants from using FedEx’s ground delivery service for Prime shipments, which was reversed a year later.

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  • Alphabet, Heico, Bluebird Bio, Plug Power, UBS, FedEx, and More Stock Market Movers

    Alphabet, Heico, Bluebird Bio, Plug Power, UBS, FedEx, and More Stock Market Movers

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    Stock futures traded flat Tuesday, a day after the S&P 500 finished up 0.5% and moved closer to its all-time. The broad market index stands just 1.2% below its record of 4,796.56 reached in early January 2022.

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  • An 86-year-old Black Woman Died at a FedEx Facility… And She Isn’t The First

    An 86-year-old Black Woman Died at a FedEx Facility… And She Isn’t The First

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    The employee who died in a freak accident at the FedEx World Hub two weeks ago was identified as an elderly Black woman. As if this discovery isn’t disturbing enough, authorities say she’s the fifth person to die following an injury at the job.

    Verna Mae Jackson, 86, was a package handler at the Memphis FedEx facility where larger freights are being shipped to major airports including John F. Kennedy International Airport in New York, per The Daily Memphian. The report says a tug driver was pulling a load of mail but didn’t use his horn to signal he was moving. Jackson scurried behind to grab a loose envelope that was sticking out of the container and seconds later, she was crushed.

    Read more

    It’s the busiest time of year for FedEx and one of the hardest for families of loved ones who’ve lost their lives at the World Hub.

    One year ago, [Nov. 30], to the day, Angelo Scott died after the UTV he was driving was hit by an industrial truck. Jessica James died last February after the forklift she was operating fell on top of her. Duntate Young was killed in 2019 after being hit by a shipping container door. And grandmother Ellen Gladney was found under a motorized mobile conveyor belt system in 2017.

    Now, why was an elderly woman working in this seemingly dangerous environment anyway? Attorney Jeff Rosenblum, who has represented the families of at least 10 victims of Hub-related deaths, says what led to Jackson’s death had little to do with age. Instead, he argued that the increase of activity during holiday season promotes a culture of emphasizing packages over people. He also said a lack of training for temporary workers and the neglect to update facility equipment creates additional safety issues.

    “Miss Jackson loved her job. It gave her purpose. She loved her co-workers. She loved the camaraderie. She was supportive of them and they were supportive of her,” Rosenblum said. “I don’t want to take that self-worth away from anybody who has the ability to work. They have the right to make that decision for themselves, and if they think they do, then the employer has the obligation to determine if they do.”

    FedEx was previously fined up to $50,000 for the deaths at this particular Hub. The Tennessee Occupational Safety and Health Administration uncovered a series of violations with the Hub that FedEx allegedly agreed to address, according to the report. It’s unclear if TOSHA launched an additional probe following Ms. Jackson’s death.

    “We extend our deepest sympathies to the family and friends who are mourning their loved one. Safety is our highest priority, and we are investigating the circumstances of this accident,” FedEx said in response to the incident.

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  • Are banks open today or on Veterans Day? Is the post office closed? Here’s what to know.

    Are banks open today or on Veterans Day? Is the post office closed? Here’s what to know.

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    Art helps female Afghan army veterans heal


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    With Veterans Day falling on a Saturday this year, some banks won’t be open on Friday and others will be closed on Saturday in observance of the federal holiday that honors Americans who served in the military. Post offices will be closed for the holiday, but stock markets will operate normally.

    Are banks open today or on Veterans Day?

    Capital One branches are observing Veterans Day on Friday and will be open for their normal hours on Saturday, according to a spokesperson.

    Bank of America, Citibank, JPMorgan Chase, Wells Fargo and U.S. Bank are among the banks that are open for normal hours Friday but will be closed Saturday for the holiday, according to representatives for each institution.

    Customers can check with their bank’s website to find operating hours for local branches.

    Is the stock market open today?

    The Nasdaq Stock Market and the New York Stock Exchange are closed on Saturdays. The markets opened for trading as usual Friday morning.

    Later this month, the markets will be closed for Thanksgiving, which falls on Nov. 23 this year. The markets will also close early on Black Friday, which is on Nov. 24.

    Is the post office closed today?

    The U.S. Postal Service will operate normally on Friday, according to a spokesperson. On Saturday, post offices will be closed, and regular mail won’t be delivered.

    Express mail will still be delivered on Saturday. Regular mail service will resume on Monday.

    FedEx offices will be open on Friday and Saturday, but on Friday, its express service will have early on-call pickups in some areas and its ground economy deliveries may be delayed because of the Postal Service’s observance of the holiday. On Saturday, its ground and ground economy services will be closed.

    UPS stores will also be open on both days. Some deliveries will be delayed due to the Postal Service holiday.

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  • No injuries after FedEx plane crash lands in Tennessee

    No injuries after FedEx plane crash lands in Tennessee

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    No injuries after FedEx plane crash lands in Tennessee – CBS News


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    A FedEx cargo plane skidded off a runway during landing in Chattanooga, Tennessee, Wednesday night after a landing gear malfunction. The three pilots aboard were not hurt.

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  • FedEx 757 with landing gear failure crash lands, skids off runway in Chattanooga

    FedEx 757 with landing gear failure crash lands, skids off runway in Chattanooga

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    A FedEx Boeing 757 with landing gear failure crash landed, then skidded off the end of a runway late Wednesday night in Chattanooga, Tennessee, the city’s fire department said in a post on X, the platform formerly known as Twitter. The three pilots on board weren’t hurt, the Chattanooga Regional Airport said in a statement.

    First responders raced to the airport after getting reports that the plane was on its final approach, the fire department said.

    Agencies at the scene along with firefighters included their department’s Special Ops team, Chattanooga police and Hamilton County EMS, according to CBS Chattanooga affiliate WDEF-TV.

    They were in position as the aircraft circled before making its final descent, the fire department said.

    The plane came to a stop before it got to a street in the safety area, the department continued.

    “There was no fire, only smoke from the engines,” the department said. 

    “Great work by the pilot and airport personnel, as well as all responding agencies for their coordinated efforts,” it added.

    The airport said its main runway would be closed “until further notice.”

    The cause of the gear malfunction was being investigated.

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  • FedEx, Klaviyo, KB Home, CrowdStrike, and More Stock Market Movers

    FedEx, Klaviyo, KB Home, CrowdStrike, and More Stock Market Movers

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  • Instacart, Ford, Pinterest, Coty, Dollar General, Intel, and More Stock Market Movers

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  • Mather Group LLC. Takes Position in FedEx Co. (NYSE:FDX)

    Mather Group LLC. Takes Position in FedEx Co. (NYSE:FDX)

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    Mather Group LLC. acquired a new stake in shares of FedEx Co. (NYSE:FDXFree Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,425 shares of the shipping service provider’s stock, valued at approximately $326,000.

    A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FDX. Lakewood Asset Management LLC purchased a new stake in FedEx during the fourth quarter valued at approximately $26,000. Guardian Wealth Advisors LLC purchased a new stake in FedEx during the first quarter valued at approximately $26,000. GW&K Investment Management LLC purchased a new stake in FedEx during the first quarter valued at approximately $27,000. Horan Securities Inc. increased its holdings in FedEx by 85.7% during the first quarter. Horan Securities Inc. now owns 130 shares of the shipping service provider’s stock valued at $30,000 after buying an additional 60 shares during the last quarter. Finally, Sound Income Strategies LLC boosted its position in shares of FedEx by 1,957.1% in the first quarter. Sound Income Strategies LLC now owns 144 shares of the shipping service provider’s stock worth $33,000 after purchasing an additional 137 shares during the period. 73.39% of the stock is owned by hedge funds and other institutional investors.

    FedEx Trading Down 0.3 %

    Shares of NYSE FDX opened at $265.77 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.33 and a current ratio of 1.37. The business’s 50 day moving average price is $249.26 and its 200-day moving average price is $228.85. FedEx Co. has a fifty-two week low of $141.92 and a fifty-two week high of $270.95. The company has a market cap of $66.84 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 1.28 and a beta of 1.35.

    FedEx (NYSE:FDXGet Free Report) last released its quarterly earnings data on Tuesday, June 20th. The shipping service provider reported $4.94 EPS for the quarter, topping the consensus estimate of $4.85 by $0.09. The company had revenue of $21.93 billion for the quarter, compared to the consensus estimate of $22.55 billion. FedEx had a return on equity of 15.32% and a net margin of 4.41%. FedEx’s quarterly revenue was down 10.1% on a year-over-year basis. During the same period last year, the business posted $6.87 EPS. On average, sell-side analysts expect that FedEx Co. will post 17.3 earnings per share for the current year.

    Wall Street Analysts Forecast Growth

    A number of equities analysts have weighed in on the stock. Sanford C. Bernstein upped their price target on shares of FedEx from $261.00 to $284.00 in a research report on Wednesday, June 21st. Loop Capital dropped their price target on shares of FedEx from $263.00 to $255.00 in a research report on Thursday, June 22nd. UBS Group upped their price target on shares of FedEx from $260.00 to $272.00 in a research report on Wednesday, June 21st. StockNews.com upgraded shares of FedEx from a “hold” rating to a “buy” rating in a research report on Friday, August 4th. Finally, Stifel Nicolaus upped their target price on shares of FedEx from $259.00 to $288.00 in a research report on Wednesday, July 26th. Nine research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $246.14.

    View Our Latest Research Report on FDX

    Insiders Place Their Bets

    In other FedEx news, VP Jennifer L. Johnson sold 10,801 shares of the firm’s stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $238.61, for a total transaction of $2,577,226.61. Following the transaction, the vice president now directly owns 3,196 shares in the company, valued at approximately $762,597.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Jennifer L. Johnson sold 10,801 shares of FedEx stock in a transaction on Tuesday, June 27th. The stock was sold at an average price of $238.61, for a total value of $2,577,226.61. Following the transaction, the vice president now directly owns 3,196 shares in the company, valued at approximately $762,597.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert B. Carter sold 19,270 shares of FedEx stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $246.00, for a total value of $4,740,420.00. Following the completion of the transaction, the executive vice president now owns 58,875 shares in the company, valued at $14,483,250. The disclosure for this sale can be found here. Insiders have sold 35,816 shares of company stock worth $8,822,147 in the last ninety days. 8.73% of the stock is owned by company insiders.

    FedEx Company Profile

    (Free Report)

    FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.

    See Also

    Want to see what other hedge funds are holding FDX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FedEx Co. (NYSE:FDXFree Report).

    Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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  • UPS, drivers reach tentative deal

    UPS, drivers reach tentative deal

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    UPS, drivers reach tentative deal – CBS News


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    Drivers represented by the Teamsters union and UPS have reached a tentative deal on a new contract, averting a possible strike.

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  • UMB Bank n.a. Sells 399 Shares of FedEx Co. (NYSE:FDX)

    UMB Bank n.a. Sells 399 Shares of FedEx Co. (NYSE:FDX)

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    UMB Bank n.a. trimmed its stake in shares of FedEx Co. (NYSE:FDXGet Rating) by 2.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,301 shares of the shipping service provider’s stock after selling 399 shares during the quarter. UMB Bank n.a.’s holdings in FedEx were worth $4,182,000 as of its most recent SEC filing.

    Other institutional investors have also added to or reduced their stakes in the company. Lakewood Asset Management LLC bought a new position in shares of FedEx in the fourth quarter valued at approximately $26,000. CenterStar Asset Management LLC bought a new position in FedEx in the 4th quarter valued at $29,000. My Personal CFO LLC purchased a new position in shares of FedEx during the 4th quarter valued at $31,000. Householder Group Estate & Retirement Specialist LLC increased its holdings in shares of FedEx by 163.9% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 190 shares of the shipping service provider’s stock worth $33,000 after purchasing an additional 118 shares during the period. Finally, Sound Income Strategies LLC raised its position in shares of FedEx by 1,957.1% in the first quarter. Sound Income Strategies LLC now owns 144 shares of the shipping service provider’s stock worth $33,000 after buying an additional 137 shares in the last quarter. Hedge funds and other institutional investors own 73.39% of the company’s stock.

    Wall Street Analyst Weigh In

    A number of brokerages have weighed in on FDX. Loop Capital upped their target price on FedEx from $241.00 to $263.00 in a research note on Thursday, April 6th. BMO Capital Markets lifted their target price on shares of FedEx from $235.00 to $260.00 in a research report on Thursday, April 6th. Barclays increased their price target on shares of FedEx from $240.00 to $280.00 and gave the stock an “overweight” rating in a report on Friday, March 17th. The Goldman Sachs Group lifted their price objective on shares of FedEx from $250.00 to $258.00 and gave the stock a “buy” rating in a report on Thursday, April 6th. Finally, Stifel Nicolaus raised their price target on FedEx from $242.00 to $264.00 in a research report on Thursday, April 6th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, FedEx currently has a consensus rating of “Moderate Buy” and a consensus price target of $244.21.

    FedEx Stock Performance

    Shares of FDX opened at $231.79 on Wednesday. FedEx Co. has a one year low of $141.92 and a one year high of $248.76. The company has a 50-day simple moving average of $226.93 and a two-hundred day simple moving average of $208.40. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.32 and a quick ratio of 1.27. The firm has a market capitalization of $58.26 billion, a PE ratio of 20.02, a price-to-earnings-growth ratio of 1.06 and a beta of 1.33.

    FedEx (NYSE:FDXGet Rating) last released its quarterly earnings results on Tuesday, June 20th. The shipping service provider reported $4.94 earnings per share for the quarter, beating the consensus estimate of $4.85 by $0.09. The company had revenue of $21.93 billion for the quarter, compared to analyst estimates of $22.55 billion. FedEx had a return on equity of 17.71% and a net margin of 3.23%. The firm’s revenue was down 10.1% on a year-over-year basis. During the same period in the previous year, the company posted $6.87 earnings per share. On average, analysts anticipate that FedEx Co. will post 14.89 EPS for the current fiscal year.

    FedEx Increases Dividend

    The firm also recently declared a quarterly dividend, which will be paid on Monday, July 3rd. Investors of record on Monday, June 12th will be given a dividend of $1.26 per share. This is a boost from FedEx’s previous quarterly dividend of $1.15. This represents a $5.04 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Friday, June 9th. FedEx’s dividend payout ratio (DPR) is 43.52%.

    Insider Buying and Selling

    In other news, CEO Frederick W. Smith sold 131,755 shares of FedEx stock in a transaction that occurred on Tuesday, April 11th. The shares were sold at an average price of $232.21, for a total transaction of $30,594,828.55. Following the completion of the transaction, the chief executive officer now directly owns 14,459,759 shares in the company, valued at $3,357,700,637.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Frederick W. Smith sold 131,755 shares of the stock in a transaction on Tuesday, April 11th. The stock was sold at an average price of $232.21, for a total value of $30,594,828.55. Following the sale, the chief executive officer now directly owns 14,459,759 shares of the company’s stock, valued at $3,357,700,637.39. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Stephen E. Gorman purchased 1,080 shares of the stock in a transaction dated Wednesday, April 12th. The stock was bought at an average cost of $230.75 per share, with a total value of $249,210.00. Following the transaction, the director now owns 1,258 shares in the company, valued at $290,283.50. The disclosure for this purchase can be found here. Insiders have sold 146,486 shares of company stock valued at $34,001,009 over the last quarter. Corporate insiders own 8.62% of the company’s stock.

    About FedEx

    (Get Rating)

    FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. The company’s FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; time-critical transportation services; and cross-border enablement, technology, and e-commerce transportation solutions.

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    Institutional Ownership by Quarter for FedEx (NYSE:FDX)

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