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June 18, 2014
08:41 EDTFDXFedEx sees U.S. GDP growth for calendar 2014 of 2.2%
Says Ground and Freight "performing well," and Express remains on track to achieve its profit improvement plan despite the fuel headwinds the company has experienced. Says expectations for economic growth for remainder of the year have improved somewhat. Sees industrial production growth of 3.6% this year and 3.7% in calendar 2015. Says global economy recovering from Q1, says slowdown in China has steadily improved. Sees global GDP growth of 2.7% in calendar 2014 and 3.1% in calendar 2015. Sees U.S. GDP growth for calendar 2015 3.1%. Sees U.S. GDP growth this year affected by weather. Says will complete share repurchase program this year. Comments made on the Q4 earnings conference call.
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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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