|Bid||117.00 x 800|
|Ask||117.29 x 1000|
|Day's range||114.92 - 117.56|
|52-week range||88.69 - 178.50|
|Beta (5Y monthly)||1.32|
|PE ratio (TTM)||N/A|
|Earnings date||23 Jun 2020|
|Forward dividend & yield||2.60 (2.22%)|
|Ex-dividend date||06 Mar 2020|
|1y target est||141.92|
Monmouth's (MNR) third high-quality acquisition so far in fiscal 2020 is net-leased to FedEx Ground Packaging System, which plays a key role in keeping supply chains moving.
For stockholders, FedEx (NYSE: FDX) has been dead money for years. FedEx's strength is in their express (or air) unit, which instead mainly supports business to business logistics. First, the bad: In FedEx's most recent quarter, CEO Frederick Smith reported a near 60% drop in profit year over year.
Microsoft (MSFT) and FedEx collaborate to deliver an enhanced commerce experience and aid businesses with shipment tracking and visibility into the supply chain.
Shares of transportation and logistics companies are surging on hopes that scientists are making progress in developing a COVID-19 vaccine, which could speed the process of reopening the economy and getting shipping volumes back to normal levels. Echo Global Logistics (NASDAQ: ECHO) shares were up 11% on Monday afternoon, while shares of FedEx (NYSE: FDX), United Parcel Service (NYSE: UPS), and XPO Logistics (NYSE: XPO) were all up more than 5%. The COVID-19 pandemic has disrupted global supply chains and slowed business-to-business activity, crimping some of the most profitable businesses for shipping companies.
“Everybody's been talking about the automation wave, the AI wave, and this fourth industrial revolution, but these trends were just creeping along,” said Scott Snyder, a consultant and partner at Heidrick and Struggles. “Now suddenly the business case that might have been marginal before — deploying a pick and pack robot in your backroom — is much more attractive.” Here are five machines leading the food industry’s robot revolution.
RBC Capital analyst Shelby Tucker maintained a Hold rating on Ppl Corp . on Friday, setting a price target of $28, which is approximately 14.24% above the present share price of $24.51.
An American cargo pilot who admitted to “poor judgment” in breaking a quarantine order to buy medical supplies became the first foreigner imprisoned in Singapore for breaching its restrictions meant to curb the coronavirus, his lawyer said Friday. FedEx pilot Brian Dugan Yeargan, 44, of Alaska, was sentenced to four weeks Wednesday after he pleaded guilty to leaving his hotel room for three hours to buy masks and a thermometer, defense lawyer Ronnie Tan said. Singapore has one of the largest outbreaks in Asia, with 26,000 cases.
The stock market may want its latest pound of flesh: more stimulus checks for the U.S. consumer.
Shipping giant FedEx (NYSE: FDX) stock fell more than 5% in early trading Thursday in response to a Wall Street Journal story detailing problems the company may be having in keeping up with demand from its customers. As of 11:30 a.m. EDT, FedEx shares have recovered some of their losses, and are trading down "only" 3.3%. As WSJ reports, closures of retail stores and stay-at-home orders for consumers have resulted in an increase in online ordering -- and demand for transportation companies such as FedEx to deliver items ordered online.
FedEx (NYSE: FDX) has reportedly asked about two dozen retail customers to ease off on the number of shipments they are sending from certain retail locations, complaining the FedEx's network is being overwhelmed by retailer operational changes made due to the COVID-19 pandemic. It might seem odd for a major transport and shipping company to limit the business it does with key customers, but according to a Wall Street Journal report, FedEx has done just that with a number of retailers including Kohl's, Nordstrom, Bed, Bath & Beyond, and Groupon. The issue, according to the report, is changes in the way retailers are entering shipments into the FedEx system.
FedEx Corp. (NYSE: FDX) announced today the online release of its 2020 Global Citizenship Report (GCR), which details the company’s corporate social responsibility strategies, goals, programs and progress. The 12th annual report includes updates on the progress of the company’s citizenship goals in FY19, which ended May 31, 2019, and focuses on how the company connects the global economy through innovative technologies, pioneering approaches and customer-facing solutions. The release comes as the company continues to use its global network to keep commerce and aid moving during the COVID-19 pandemic.
In a move unlikely to surprise anyone, UPS followed FedEx (NYSE: FDX) in withdrawing its full-year guidance due to the impact of the COVID-19 pandemic. The contrast is most striking in the U.S. domestic package segment, where a high-single-digit revenue increase matched with a 42.2% fall in operating profit.
FedEx announced today that Access Trax– a California based company that manufactures a foldable pathway that allows people with physical disabilities to access outdoor terrain– is the grand prize winner of its eighth annual FedEx Small Business Grant Contest. Access Trax will receive a $50,000 grant, plus $7,500 in FedEx Office® print and business services to help with its mission to empower people of all abilities to access the outdoors.
Shares of FedEx (NYSE: FDX) fell more than 5% on Friday as the shipping and transport giant was among the targets of a nationwide one-day strike protesting worker safety during the COVID-19 pandemic. FedEx falls into a category of companies that have seen parts of their business increase due to the pandemic, with consumers increasingly turning to online orders for their basic staples in response to government advisories to stay at home. FedEx says it has prioritized the safety of its workers and is taking added steps to try to keep its facilities clean and virus-free, but for at least some workers, apparently the company is not doing enough.
The two logistics names are creating partnerships, while Amazon just focuses on meeting overwhelming consumer demand for essential goods.
FedEx launches new initiatives to support small and medium businesses including new alliance with BigCommerce to assist during COVID-19 pandemic.
The $800 billion trucking industry scrambles to keep supply chains moving as coronavirus triggers skyrocketing demand for necessities.
XPO Logistics founder and CEO Bradley Jacobs pulls no punches on the state of his business during the coronavirus pandemic.
OK, enough of OPEC, time to move on to the EIA and rig count. Oil prices settled mixed Monday as players nodded to historic output cuts agreed by world producers while questioning their efficacy. Traders said focus was now on weekly data on U.S. crude stockpiles due on Wednesday from the Energy Information Administration, and industry firm Baker Hughes’ survey on oil rigs slated for Friday.