UPS and FedEx are no longer the top delivery companies in the US
Both UPS and FedEx have been eclipsed as the largest courier companies in the US by Amazon, which delivered more packages to US homes in recent years than both delivery…
FedEx CEO’s warning of ‘worldwide recession’ tanks shares, hammers market
FedEx CEO Raj Subramaniam’s ominous warning of a worldwide recession drove the shipping company’s shares to their worst day in decades Friday and sent Wall Street’s main indexes to near…
FedEx shares slump over 20% as global recession fears mount
FedEx’s shares tracked their worst day on Friday after the delivery heavyweight pulled its forecast, feeding into fears of a global demand slowdown while piling more pressure on its new…