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US-China relations
Xi tells US CEOs China’s growth prospects remain ‘bright’
...Beijing on Tuesday filed a World Trade Organization case against US EV subsidies....
March 27, 2024
LexUnited Parcel Service Inc
UPS/FedEx: picking a delivery hero is a wager on wages Premium content
...For example, a lack of workers at one regional sorting centre means FedEx has to divert or reroute packages to other hubs. FedEx shares, at 15 times forward earnings, still trade at a discount to UPS....
August 29, 2023
FT Live
The Global Boardroom: 8th Edition
FT journalists in conversation with leaders in business and government
Wednesday, 4 DecemberDigital Conference
Letter
Letter: Rest assured, parcels are controlled for illicit goods
...Our members — DHL, FedEx and UPS — send electronic information to border authorities on every shipment before parcels physically arrive at the border....
November 27, 2023
FirstFT
FirstFT: Xi meets American CEOs as businesses seek to mend China ties
...Economic data: Mexico releases its latest trade balance and unemployment data. Argentina releases the 2023 second half poverty rate....
March 27, 2024
The Week Ahead
Central bankers take centre stage
...Global/HCOB preliminary March purchasing managers’ index (PMI) manufacturing and services figures EU: European Central Bank Economic Bulletin, plus January balance of payments figures Japan: February trade...
March 17, 2024
News in-depthAviation accidents and safety
The growing threat of aircraft collisions on the ground
...There are 1,000 fewer controllers in the US than a decade ago, while in Europe trade unions have warned of the risks of short staffing and fatigue for pilots and air traffic controllers....
January 5, 2024
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
Drug trafficking
Mexico’s former security chief convicted in US of helping cartel smuggle drugs
...The trial, which has been avidly followed by Mexicans, highlighted how corruption has undermined efforts to stop the increasing toll of violence and death caused by the illegal drug trade....
February 22, 2023
Live news updates from June 23: EU grants Ukraine and Moldova candidate status, US Supreme Court recognises right to carry firearms in public
FedEx experienced lower shipment demand as economic growth slowed
...FedEx shares were up about 2.5 per cent in after-hours trade on Thursday, leaving them down about 10 per cent so far in 2022....
June 23, 2022
Live news updates from June 24: US Supreme Court overturns Roe vs Wade, Ukrainian forces to retreat from Severodonetsk
FedEx reports lower shipment demand as economic growth slows
...FedEx shares were up about 2.5 per cent in after-hours trade on Thursday, leaving them down about 10 per cent so far in 2022....
June 23, 2022
The Week Ahead
Week Ahead: Li visits Europe while Modi flies to Washington
...Germany, May producer price index (PPI) inflation rate figures UK, Kantar grocery market share figures US, May housing starts and building permits Results: FedEx Q4 Wednesday Case management hearing...
June 18, 2023
Trade Secrets
Leveraging up the World Bank to fund a global rescue Premium content
...Charted waters The success of FedEx in becoming postie to the world means that when things turn south for the company, the world — and in particular anyone concerned about global trade — has to sit up and...
September 20, 2022
UnhedgedRobert Armstrong
Gilts vs Treasuries Premium content
...That something, I realised, was FedEx....
October 18, 2022
The FT ViewThe editorial board
FedEx’s Smith delivers a lesson in leadership
...Already, he must grapple with how to re-energise a company that is not only losing ground to old rivals including UPS — to which it trades at around a 33 per cent valuation discount — but also to the new...
March 30, 2022
US foreign policy
US jury weighs fate of former Mexican official on trial for taking cartel bribes
...As a result, the cartel became the “FedEx of cocaine”, US prosecutors said, using trains, ships, containers and submarines to flood America with tens of thousands of kilogrammes of the substance....
February 16, 2023
FedEx Corp
FedEx founder Fred Smith steps aside as chief after 50 years
...As FedEx’s growth became more dependent on international markets, particularly after it entered China in 1995, Smith became a passionate advocate for global markets and free trade at a time when confidence...
March 29, 2022
FT Live
Global Private Banking Awards 2024
Celebrating excellence in wealth management
Thursday, 7 NovemberThe Landmark London, London, UK
US employment
US employers slow down hiring before holiday shopping rush
...FedEx chief customer officer Brie Carere said the company was also scaling back its holiday hiring and expects to handle a lower volume of packages this year....
November 25, 2022
The Week Ahead
Power to the people
...Japan has machinery orders and trade data while India updates on its inflation rate measured by the consumer price index....
March 12, 2023
Disrupted Times
Black Friday kicks off crucial shopping period for retailers
...Big names such as Macy’s and Walmart are hiring far fewer holiday workers than last year, as is FedEx, which expects to handle fewer packages....
November 25, 2022
Equities
US stocks retreat ahead of closely watched Fed rate decision
...The yield on the 10-year US Treasury reached an 11-year high of 3.6 per cent early on Tuesday before easing off that level in afternoon trade....
September 20, 2022
LexTransport
UPS/FedEx: not all delivery companies benefit from ecommerce boom Premium content
...At just 12 times forward earnings, FedEx trades at a near record 35 per cent discount to UPS. That may appear to be a buying opportunity, but look again....
December 22, 2021
US equities
Investors pile into insurance against further market sell-offs
...As stocks dropped again on Friday and more than 2,600 companies hit new 52-week lows this week, Cantor Fitzgerald said its clients were taking profits on hedges and establishing new trades with lower strike...
September 24, 2022
The Week Ahead
The seven days before Christmas
...Monday Switzerland, World Trade Organization begins its General Council meeting in Geneva UK, the World Service, a broadcaster owned and operated by the BBC with government funding via the Foreign Office...
December 18, 2022
Coronavirus: Florida scraps quarantine requirement for students exposed to Covid-19 - as it happened
FedEx cuts outlook as labour shortages raise costs
...Shares fell 4 per cent in after-hours trade on Tuesday....
September 21, 2021
The Week Ahead
A return to normal
...’s investment and trade data US, August residential construction data Results: Kingfisher H1 Wednesday Argentina, monthly trade and unemployment data Brazil, Banco Central do Brasil announces this month...
September 18, 2022
Coronavirus: FedEx cuts outlook as labour shortages raise costs — as it happened
FedEx cuts outlook as labour shortages raise costs
...Shares fell 4 per cent in after-hours trade on Tuesday....
September 21, 2021

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