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FedEx See Big Port Congestion Spillover Effects
2014-12-17 17:47:14| Air Courier - Topix.net
FedEx chairman and CEO Fred Smith said Wednesday, "The slow-down in the West Coast ports has been a much bigger deal than people think and a tremendous amount of inventory was simply not put through the ports in the time frame that the retailers had expected." The International Longshore and Warehouse Union has been in contract talks for months with port operators represented by the Pacific Maritime Association.
Tags: big
effects
port
congestion
FedEx Revenue Takes Hit On Lower Fuel Fees
2014-12-17 15:39:31| Air Courier - Topix.net
The shipping giant reported a profit of $616 million, or $2.14 per share, far below the Street's call for $2.22 per share. Yet this was up 23% from last year's $500 million in profits, or $1.57 per share.
FedEx Quarterly Profit Rises, Falls Short Of Analyst Expectations
2014-12-17 15:39:30| Air Courier - Topix.net
Package delivery company FedEx Corp reported a 23 percent jump in quarterly profits on Wednesday driven by higher U.S. domestic package and international export volumes, but fell short of analyst expectations. The Memphis-based company reported net income of $616 million for the quarter ending Nov. 30, compared with $500 million a year earlier.
Tags: short
falls
profit
expectations
Stock Futures Lean Higher; FedEx Slips, MercadoLibre Jumps
2014-12-17 15:39:29| Air Courier - Topix.net
Stock futures mulled in positive territory ahead of Wednesday's open, with investors tuned to this afternoon's policy announcement due from the Federal Reserve. Dow futures were 88.1 points above fair market value and steady.
Tags: stock
higher
futures
lean
FedEx misses Street 2Q forecasts
2014-12-17 14:39:16| Air Courier - Topix.net
FedEx's second-quarter earnings jumped 23 percent, but the package delivery company missed Wall Street forecasts and left its expectation for the full fiscal year unchanged.
Tags: street
forecasts
fedex
misses
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