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News Breaks
June 18, 2014
09:00 EDTFDXFedEx rises 3.7%
FedEx is up 3.7%, or $5.18, to $145.49
News For FDX From The Last 14 Days
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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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