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2 mins read
DoorDash is delivering for Lowe's, Ulta, and other retailers, and it's making UPS and FedEx nervous
Gig delivery services like DoorDash are growing the list of non-food retailers they work with, crea…
Alex Bitter
2 mins read
FedEx tumbles to lowest in a year after cutting its yearly outlook as a labor shortage sends costs soaring
First-quarter operating results were hurt by a $450 million increase in costs from a year earlier.
Carla Mozée
2 mins read
FedEx says it's rerouting more than 600,000 packages a day because it can't find enough staff to process them
A FedEx hub in Portland, Oregon, was down 35% of the staff it needed to handle normal volume, and w…
Grace Dean
1 min read
UPS jumps 12% after revenue and earnings beat estimates amid an e-commerce surge
UPS turned in revenue of $22.91 billion and EPS of $5.47 in its first-quarter earnings release on T…
Will Daniel
1 min read
FedEx slumps as the carrier beats earnings estimates but says costs tied to increased shipping demand and labor are soaring
After a long run of strong earnings, FedEx disappointed some analysts by coming in just a few cents…
Ethan Wu
2 mins read
FedEx shares sink over 24% after the delivery giant ditches its earnings outlook and warns of a worsening global economy
The air delivery and shipping company warned that shipping volumes were declining due to an economi…
George Glover
2 mins read
The National Guard says it's struggling to hire because workers are being lured in by Wendy's, Amazon, and FedEx instead
The National Guard says it's facing more competition as big private companies, including fast-food …
Grace Dean
2 mins read
FedEx skyrockets 17% on surprise revenue beat and a slew of Wall Street upgrades
More than a dozen Wall Street analysts rushed to upgrade their FedEx price targets following the co…
Carmen Reinicke
3 mins read
FedEx is frantically cutting billions in costs as its pandemic success evaporates
CEO Raj Subramanian said a soft economy and an "e-commerce reset" were to blame for slow demand. Th…
Emma Cosgrove
2 mins read
2 looming problems are threatening to hammer FedEx and that's not even counting the recession
FedEx executives told investors that an "e-commerce reset" was responsible for tanking package volu…
Emma Cosgrove
2 mins read
FedEx climbs as strong e-commerce demand during an 'unprecedented' holiday season drives earnings beat
FedEx said the increased volume of packages offset its higher labor costs and weather-related expen…
Isabelle Lee
2 mins read
Justin Thomas earned the biggest single-tournament paycheck in PGA Tour history for winning The Players, taking home $2.7 million
The Players' prize pool was so deep that even players who finished outside the top 20 earned more t…
Will Martin
3 mins read
Gig labor could have challenged FedEx and UPS. Now it's making them stronger.
Instead of outlasting upstarts who challenged them with gig workers, UPS and FedEx have, in their o…
Emma Cosgrove
2 mins read
FedEx founder and CEO Fred Smith plans to step down in June, as the company names COO Raj Subramaniam to the top job
Legendary founder and CEO of FedEx Fred Smith will be replaced by operating chief Raj Subramaniam a…
Gabrielle Bienasz
2 mins read
FedEx leaders say a major turning point is coming soon. Here's why the stakes have never been higher.
FedEx has been struggling to make its deliveries on time for months. And it's been struggling to tu…
Emma Cosgrove
2 mins read
FedEx says it wants to keep seasonal workers past the holidays and that pandemic wage increases are 'here to stay'
The shipping giant hired more than 10,000 workers per week last quarter, offering pay premiums, inc…
Dominick Reuter
3 mins read
3 obvious things any company can do to solve the labor shortage
Job applications at FedEx hit record highs after the company made some simple changes. Improvements…
Ben Winck,Madison Hoff
3 mins read
US stocks falls as recession concerns rise on FedEx warning ahead of Fed's next rate hike
The Nasdaq slumped more than 5% for the week as investors prepared for the Federal Reserve to raise…
Carla Mozée
2 mins read
US stocks drop as FedEx's warning highlights recession concerns before the Fed's next rate hike
FedEx said it saw softness in global volume accelerate during the final weeks of its fiscal first q…
Carla Mozée
2 mins read
FedEx boss tells the US to brace for stagflation because there aren't enough workers to meet juiced-up demand
"You simply do not have the workers to meet the demand that's been juiced by the printing of money,…