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international business
FedEx raises its full-year earnings forecast after cost cuts
LOS ANGELES, CALIFORNIA - FEBRUARY 01: A FedEx delivery truck is driven by a Fedex employee on February 1, 2023 in Los Angeles, California. FedEx is reportedly laying off over 10 percent of its directors and officers in a move to slash costs amid slower demand from consumers following a pandemic-era surge in e-commerce. (Photo by Mario Tama/Getty Images)
world
Crash averted at Austin airport; aviation authorities to investigate
Southwest Airlines planes are seen at the AustinBergstrom International Airport (AUS) in Austin, Texas on January 22, 2023. (Photo by Daniel SLIM / AFP) (Photo by DANIEL SLIM/AFP via Getty Images)
report on business
FedEx to cut senior jobs as part of larger staff reduction
FILE - A FedEx worker places a package on a trolley after a cold front packing subfreezing temperatures and light snow swept over the intermountain on Nov. 17, 2022, in Denver. The package delivery company and SUV maker Rivian Automotive are among the latest companies to announce job cuts on Wednesday, Feb. 1, 2023. (AP Photo/David Zalubowski, File)
international business
FedEx executives grilled on cost-cut plan after first-quarter profits slide
Signage at a FedEx regional hub, seen through a fence at Los Angeles International Airport (LAX) in Los Angeles, California, U.S., September 16, 2022. REUTERS/Bing Guan
international business
FedEx investors frustrated with new CEO after withdrawn profit forecast
FILE PHOTO: A FedEx Ground truck drives near a FedEx regional hub at Los Angeles International Airport (LAX) in Los Angeles, California, U.S., September 16, 2022. REUTERS/Bing Guan/File Photo
globe investor
FedEx is flashing a recession warning sign – but there are reasons to view it with skepticism
MIAMI BEACH, FLORIDA - SEPTEMBER 16: A FedEx worker makes a delivery on September 16, 2022 in Miami Beach, Florida. Shares of FedEx fell after the company missed estimates on revenue and earnings in its first quarter. (Photo by Joe Raedle/Getty Images)
market news
The close: Wall Street wraps up worst week in months as recession fears mount
Traders work on the floor of the New York Stock Exchange during afternoon trading on Sept. 13.
report on business
Consumers return to in-person shopping, but entrepreneurs prepare for e-commerce to stay
Julie Yoo photographed at her store, I Miss You Vintage Inc., in Toronto, August 6th 2022.
u.s. business
FedEx raises quarterly dividend by more than 50%, adds two directors to board
FILE PHOTO: A FedEx delivery truck exits a facility in Brooklyn, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly/File Photo
world
Hate crime probe sought in Mississippi attempted shooting
FedEx driver Demonterrio Gibson, second from left, stands with his legal team of attorneys, Rodney S. Diggs, left, Carlos Moore, second from right, as they listen to a James A. Bryant II, also a lawyer and member of their legal team, speak during a news conference in Ridgeland, Miss., Thursday, Feb. 10, 2022. Gibson and his attorneys say the delivery driver was shot at by a white father and son in Brookhaven and that both suspects have been "undercharged" and should face charges of attempted murder and hate crimes. (AP Photo/Rogelio V. Solis)
international business
FedEx labour shortfall hits quarterly profit, earnings forecast
FILE PHOTO: A FedEx vehicle is driven in Manhattan, New York City, U.S., September 3, 2021. REUTERS/Andrew Kelly/File Photo
sports
Pressure mounting for FedEx Cup and Ryder Cup
u.s. business
GM turns to German supplier to build initial EV vans while it readies plant in Canada
FILE PHOTO: The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook/Files
world
FedEx shooter legally bought guns used in deadly mass shooting in Indianapolis, police say
INDIANAPOLIS, IN - APRIL 17: Families, coworkers, and government officials raise their cell phone flashlights during a vigil to mourn the eight murdered FedEx Ground employees at Krannert Park on April 17, 2021 in Indianapolis, Indiana. Police have identified the shooter as former FedEx employee, Brandon Scott Hole, who died of an apparent self-inflicted gunshot wound after the shooting on April 15. Four of the eight shooting victims were also members of Indiana's Sikh community. (Photo by Jon Cherry/Getty Images)
world
Sikh community calls for gun reforms after FedEx shooting
The home of 19-year-old Brandon Scott Hole, the suspected shooter who opened fire with a rifle at a FedEx facility, is seen in Indianapolis, Friday, April 16, 2021. At a news conference Friday, Deputy Police Chief Craig McCartt also confirmed the gunman's identity as Hole. McCartt said Hole was a former employee of the company and last worked for FedEx in 2020. (AP Photo/Michael Conroy)
investor newsletter
The time horizon required to generate positive returns with certainty. Plus, relief cheques drive a stock buying spree and investors rush into bitcoin ETFs
(FILES) In this file photo taken on January 26, 2020 The photo shows a physical imitation of a Bitcoin in Dortmund, western Germany. - Bitcoin has enjoyed a record-breaking week after electric carmaker Tesla and Wall Street finance giants sparked a goldrush for the world's most popular virtual currency, but bubble fears persist. The cryptocurrency topped $52,000 on March 17, 2021 after investment fund giant BlackRock also confirmed a push into the booming sector. (Photo by INA FASSBENDER / AFP) (Photo by INA FASSBENDER/AFP via Getty Images)
technology
Out for delivery: Electric vans are coming to fuel e-commerce without the guilt
Purolator Zero Emissions Vehicle
report on business
Out of the lab, into the marketplace: How one of Canada’s most celebrated scientists, Molly Shoichet, is bringing her key discovery to market
Scientist and co-founder of biotech company Amatheraca, Dr. Molly Shoichet, poses for a photograph in Toronto, on Friday, Feb., 19, 2021. (Christopher Katsarov/The Globe and Mail)
european business
FedEx Express planning to lay off up to 6,300 employees in Europe
This handout image obtained on January 12, 2021, courtesy of General Motors shows a FedEx Express truck that is slated to be the first customer of the BrightDrop EV600, and will begin receiving the vehicles later this year. - General Motors announced January 12, 2021 a new business, BrightDrop, which will offer an ecosystem of electric first-to-last-mile products, software and services to empower delivery and logistics companies to move goods more efficiently. These BrightDrop solutions are designed to help businesses lower costs, maximize productivity, improve employee safety and freight security, and support overall sustainability efforts. (Photo by Handout / General Motors / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO /GENERAL MOTORS/HANDOUT" - NO MARKETING - NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS (Photo by HANDOUT/General Motors/AFP via Getty Images)
u.s. business
GM to launch BrightDrop electric delivery vehicle unit, will supply FedEx with vans
This photo provided by General Motors shows EV600 van. General Motors is forming a new business unit to tap the market for delivery vehicles and equipment powered by electricity. The new venture is called BrightDrop, and its first product will be a battery-powered wheeled pallet that will take goods from the warehouse to trucks and from trucks to destinations. (General Motors via AP)
canada
FedEX, Innomar Strategies start to distribute Moderna COVID-19 vaccine in Canada
This handout photo courtesy of Canada Border Services Agency shows shipments of initial doses of the newly authorized Moderna Covid-19 vaccine arriving at selected ports of entry in Canada on December 24, 2020. (Photo by - / Canada Border Services Agency (CBSA) / AFP) / RESTRICTED TO EDITORIAL USE - MANDATORY CREDIT "AFP PHOTO / Canada Border Services Agency " - NO MARKETING - NO ADVERTISING CAMPAIGNS - DISTRIBUTED AS A SERVICE TO CLIENTS (Photo by -/Canada Border Services Agency (C/AFP via Getty Images)
u.s. business
Walmart unveils new product return service
FILE PHOTO: The logo of a Walmart Superstore is seen during the outbreak of the coronavirus disease (COVID-19), in Rosemead, California, U.S., June 11, 2020. Picture taken June 11, 2020. REUTERS/Mario Anzuoni/File Photo
style
Tips for shipping holiday gifts where they need to be, safely and on time
When packages are delivered to the Candy Loft Factory condominium, concierge Bekim Xhelili first disinfectants the packages, then he records the delivery into a database which automatically notifies the resident they have a package for pick up. With many people working from home during the pandemic, online orders are up meaning more packages for concierges to manage during the day.
rob magazine
The Exchange: Lisa Lisson has led FedEx Canada through the COVID-19 shipping boom
Lisa Lisson, President of FedEx Canada poses for a portrait a the Commissioners St sorting location in Toronto on Oct 21st, 2020.
golf
Dustin Johnson wins the Tour Championship to claim the FedEx Cup and its $15-million prize
Dustin Johnson of the United States celebrates with the FedEx Cup Trophy after winning in the final round of the TOUR Championship at East Lake Golf Club on Sept. 7, 2020 in Atlanta.
property report
Smart lockers in demand as touchless package delivery becomes the office norm
Snaile has smart-locker installations in 23 Canadian cities.
u.s. politics
UPS, FedEx warn they cannot carry ballots like U.S. Postal Service
In this May 28, 2020, file photo, mail-in primary election ballots are processed at the Chester County Voter Services office in West Chester, Pa.
opinion
Legitimate boycott or cancel culture? It’s all a matter of timing
Andrew Stark
opinion
Redskins naming furore shows once more that money wields the only real influence
Cathal Kelly
stars and dogs
The Globe’s stars and dogs for the week
football
Stadium sponsor FedEx asks Washington’s NFL team to change its name
In this Dec. 9, 2018, file photo, FedEx Field is less than full during the second half of an NFL football game between the Washington Redskins and the New York Giants in Landover, Md.
advisor stocks
How the rise of e-commerce can lift these two Canadian stocks
Deliveryman in rubber gloves gives a package to a customer. Delivery service in quarantine. The effect of the covid-19 pandemic.
u.s. business
Major airlines urge U.S. Treasury to disburse assistance quickly
Jets are parked on runway 28 at the Pittsburgh International Airport on March 27, 2020 in Pittsburgh, Pennsylvania. Due to decreased flights as a result of the coronavirus (COVID-19) pandemic, close to 70 American Airlines planes are being stacked and parked at the airport.
u.s. business
Amazon to allow third-party sellers to use FedEx ground shipping again
FILE PHOTO: A Federal Express truck is shown in Los Angeles, California, U.S., October 16, 2019. REUTERS/Mike Blake/File Photo
inside the market
With FedEx on borrowed time, might an ‘audacious gamble’ – a merger with Shopify – save the day?
While a takeover of FedEx by Walmart might be more likely, a controversial NYU professor sees a potential tie-up with Ottawa-based e-commerce platform Shopify as an opportunity to create an ‘anti-Amazon.’