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UPS250117P00080000
- Reuters
FedEx stock leaps on upbeat profit target, possible freight unit sale
(Reuters) -FedEx shares jumped as much as 15% on Wednesday after the delivery giant reassured investors with a bullish annual profit forecast and said it is weighing whether to sell or spin-off its freight trucking business that one analyst valued at $30 billion. CEO Raj Subramaniam said the company benefited from combining its air and land-based delivery units, slashing jobs, shuttering buildings and parking planes, and it would continue through this fiscal year ending in May 2025. FedEx's massive restructuring aims to improve profitability, which was lagging that of unionized rival United Parcel Service, while also girding against competition from Amazon.com's fast-growing logistics service.
- Insider Monkey
Did United Parcel Service, Inc. (UPS) Exceed Expectations in Q1?
We recently compiled a list of the 10 Best Logistics Stocks to Buy Now. In this article, we are going to take a look at where United Parcel Service, Inc. (NYSE:UPS) stands against the other logistics stocks. You can also check out the 20 Biggest Logistics Companies in the US here. The logistics industry is […]
- Barrons.com
These Stocks Are Moving the Most Today: Nvidia, Apple, Trump Media, RXO, ResMed, Alnylam, Affirm, IBM, and More
Nvidia shares fall for a third-straight day, Apple is talking with Meta Platforms about an artificial-intelligence partnership, and Trump Media soars as it expects proceeds of nearly $70 million from the exercise of warrants last week.
