NEW YORK (AP) — FedEx reported a nearly $2 billion profit in its most recent quarter, after reporting a loss the year before, helped by a surge in online shopping and the growth of its business-to-business shipping services.
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday:
FedEx Corp., up $6.31 to $299.30.
The package delivery company raised its quarterly dividend.
MEMPHIS, Tenn. (AP) — U.S. Department of Transportation Secretary Pete Buttigieg traveled to Tennessee on Thursday to learn how the closure of the Interstate 40 bridge connecting that state and Arkansas has affected freight movement since it was shut down more than three weeks ago when a crack was found in the span.
CVS Health is expanding same-day prescription deliveries nationwide in the latest push by drugstores to keep customers who don't want to wait and are doing more shopping online.
The drugstore chain says it can deliver medications and other products within a few hours to homes or offices from 6,000 locations.
MEMPHIS, Tenn. (AP) — FedEx Corp. reported lower profit Tuesday as its ground-shipping unit struggled with higher costs, and the company cut its forecast of full-year earnings.
Its shares fell more than 5 percent in after-hours trading.
MEMPHIS, Tenn. (AP) — FedEx Logistics is establishing a new headquarters in downtown Memphis, Tennessee, and bringing nearly 700 jobs along with it.