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Stock Market & Financial Investment News

News Breaks
April 23, 2014
05:47 EDTFDXFedEx announces Canadian retail expansion
Federal Express Canada, a subsidiary of FedEx, has announced its most comprehensive Canadian retail expansion in the company's history. An agreement has been reached with Home Hardware Stores Limited that allows individual Dealer-Owners the ability to house full-service FedEx Authorized ShipCentres within their stores. This agreement represents the largest opportunity for FedEx Express and FedEx Ground retail growth within Canada to date. In order to meet the needs of Canadian e-consumers, transportation companies are required to offer more proximate "points-of-access" options for drop-off and pick-up services. With close to 1,100 stores across Canada, Home Hardware Dealer-Owners will soon be able to offer FedEx's full suite of domestic and international shipping solutions for their respective communities.
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February 12, 2016
06:38 EDTFDXAmazon expands logistics service into mainland China, SCMP reports
Amazon (AMZN) is expanding its logistics service into mainland China and other major hubs to cut down logistics costs in an effort to expand into the cross-border e-commerce market, South China Morning Post reports. The move represents an effort to challenge Alibaba (BABA) in the cross-border e-commerce market, the report says. Amazon might be leasing planes to further its ambitions beyond challenging FedEx (FDX) and UPS (UPS), the report says, citing "one rumour doing the rounds this month." Reference Link
February 9, 2016
12:50 EDTFDXAmazon working on global delivery business to challenge Alibaba, Bloomberg says
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07:45 EDTFDXUPS, FedEx face limited risk from Amazon initiative, says Bernstein
After Amazon (AMZN) launched a network of 23 sortation centers, Bernstein says that Amazon is carrying out postal injection operations, not building a ground delivery system. Moreover, Amazon's postal injection system is inferior to those of FedEx and UPS, and can only operate in the most dense areas, according to Bernstein, The firm keeps an Outperform rating on UPS and a Market Perform rating on FedEx.
February 2, 2016
05:50 EDTFDXBrazil approves FedEx's proposed acquisition of TNT Express, Reuters says
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