FedEx Corp
Sixteen states sue the Postal Service over plan to buy gas-powered vehicles
Sixteen states on Thursday sued the U.S. Postal Service over its plan to replace its aging delivery fleet with thousands of gas-powered delivery vehicles over the next decade, alleging that the agency hasn’t adequately accounted for the environmental harm of the vehicles. They were joined by the District of Columbia, the City of New York and […]
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Amazon opens up Prime delivery service to other retailers in its latest move to compete with FedEx and UPS
Leon Neal | Getty Images News | Getty Images Amazon will let other online merchants piggyback on its Prime service to deliver goods quickly to their customers. The company on Thursday launched a new service, Buy with Prime, that lets third-party merchants use Amazon’s vast shipping and logistics network to fulfill orders on their own […]
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How companies like Amazon, Nike and FedEx avoid paying federal taxes
The current United States tax code allows some of the biggest company names in the country to not pay any federal corporate income tax. In fact, at least 55 of the largest corporations in America paid no federal corporate income taxes on their 2020 profits, according to the Institute on Taxation and Economic Policy. The […]
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Amazon slaps U.S. sellers with 5% fuel and inflation surcharge
Peter Endig | AFP | Getty Images Amazon said Wednesday it plans to add a fuel and inflation surcharge of roughly 5% to existing fees it collects from U.S. third-party sellers who use the company’s fulfillment services. The fee will go into effect in about two weeks, and is “subject to change,” the company said […]
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Aurora and Werner Enterprises are testing self-driving tractor-trailers on a lonely Texas highway
06 January 2022, US, Las Vegas: Robotic truck company Aurora shows off a self-driving semi-truck at the CES tech show in Las Vegas. In the Corona pandemic, interest in autonomous freight transport increased. Andrej Sokolow | Picture Alliance | Getty Images Self-driving startup Aurora Innovation has gone trucking in Texas. Aurora announced Wednesday that it […]
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Why ‘free’ shipping isn’t free
The big carriers such as FedEx, UPS and Amazon make lots of deliveries, and none of those packages are being shipped for “free.” “People like free shipping because the word free is very powerful, even if people know that it’s not really free because someone is paying for it,” Kara Buntin, owner of the Etsy […]
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Here are Wednesday’s biggest analyst calls of the day: Tesla, Netflix, Apple, McDonald’s & more
Here are the biggest calls on Wall Street on Wednesday. Source
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Stocks making the biggest moves midday: GameStop, Uber, Nielsen Holdings and more
A screen displays the logo and trading information for GameStop on the floor of the New York Stock Exchange (NYSE) March 29, 2022. Brendan McDermid | Reuters Check out the companies making headlines in midday trading. GameStop — Shares of the video game retailer dropped 6% on huge trading volume. More than 8 million shares […]
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Stocks making the biggest moves in the premarket: Nielsen Holdings, FedEx, LHC Group and more
Take a look at some of the biggest movers in the premarket: Nielsen Holdings (NLSN) – The TV ratings company’s stock surged 20.9% in the premarket after it agreed to be acquired by a private-equity consortium for $28 per share. The deal is worth $16 billion, including assumed debt. FedEx (FDX) – FedEx CEO Fred […]
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FedEx names Raj Subramaniam as CEO, replacing founder Fred Smith
FedEx Express President and CEO Raj Subramaniam during the final round of the World Golf Championships – FedEx St. Jude Invitational on July 28, 2019 in Memphis, Tennessee. Michael Wade | Icon Sportswire | Getty Images FedEx Corp. said Monday that Fred Smith will step down on June 1 as CEO of the package-delivery company […]
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