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News Breaks | | | | June 8, 2012 | | 08:31 EDT |  | FDX | FedEx Freight to increase shipping rates by 6.9%, effective July 9
FedEx Freight, a subsidiary of FedEx Corp, will increase shipping rates by 6.9% effective July 9, 2012. This rate change applies to FedEx Freight shipments within the contiguous U.S., between the contiguous U.S. and Canada, and within Canada. The rate for cross-border FedEx Freight shipments between the U.S. and Mexico will also increase 6.9% for only the U.S. portion of the shipment, and will be effective July 9, 2012. This rate change for FedEx Freight applies to shipments covered by the FXF 1000, FXF 501 and other related series base rates. Additional changes will include absolute minimum charges and accessorial rates and charges. The FedEx Freight fuel surcharge will remain unchanged and is one of the lowest in the LTL industry. The published fuel surcharge rates of the next six largest LTL carriers are at least 23% higher than FedEx Freight fuel surcharge rates, based on the average national price of diesel fuel as of June 4, 2012. | |
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News For FDX From The Last 14 Days Check below for free stories on FDX the last two weeks. |
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| May 15, 2013 | | 08:02 EDT |  | FDX | FedEx should be bought on pullbacks, says RW Baird
Baird lowered its estimates on FedEx to reflect below consensus Q4 results and guidance. The firm cited continued international airfreight weakness but sees stabilizing signs. Baird remains constructive on the shares citing low investor sentiment and potential for margin improvements. Shares are Outperform rated with a $112 price target. | | | 07:31 EDT | | FDX | FedEx news should improve investor sentiment, says Oppenheimer
After FedEx announced that it anticipates delivering $1.65B of annualized profitability improvement by FY16, Oppenheimer believes that this news, along with a capacity cut and the company's recent win of a major Post Office contract, will improve investor sentiment towards the stock. The firm reiterates an Outperform rating on the shares. | | | May 14, 2013 | | 07:23 EDT |  | FDX | Oppenheimer to host a summit
 Subscribe for More Information | | | May 7, 2013 | | 06:29 EDT | | FDX | FedEx FY14 expectations need to come down, says Citigroup
Citigroup believes consensus expectations for FedEx's FY14 need to come down before the stock can move higher. The firm lowered its FY14 earnings estimate for FedEx to $7.10 from $7.50 citing challenging fundamentals at Express, but keeps a Buy rating on the stock. | |
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