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Tag: fedex
Calif.: FedEx Agrees to Settle Drivers' Misclassification Claims for $228M
2015-06-19 10:52:00| Air Courier - Topix.net
FedEx Ground Package System Inc. has reached a $228 million settlement agreement with approximately 2,300 drivers in California, resolving the drivers' claims that they were misclassified as independent contractors and are due wages and other benefits under California law . The settlement agreement, which is subject to approval by the U.S. District Court for the Northern District of California, will end years of litigation between the parties.
Tags: claims
drivers
agrees
calif
FedEx shares tumble due to a weak quarter, disappointing outlook
2015-06-19 06:39:11| Air Courier - Topix.net
FedEx's latest quarterly results missed Wall Street expectations, as lower fuel surcharges and the strong dollar cut into revenue at its big express-shipping business. The package-delivery giant also announced an increase in the mandatory retirement age for directors, from 72 to 75. That would let Chairman and CEO Fred Smith stay on the board longer - he will turn 71 in August.
FedEx (FDX) Stock Gaining After Credit Suisse Raises Earnings Estimates
2015-06-18 23:15:58| Air Courier - Topix.net
The firm also introduced a fiscal year 2018 earnings forecast of $13.81 per share, according to the analyst note. "The EPS guidance will be supported by continued improvement in base pricing and volume growth as well as further progress on the profit improvement plan ," Credit Suisse analysts said.
Tags: stock
credit
estimates
suisse
Amazon, Uber pose threat to FedEx, UPS delivery monopoly
2015-06-18 18:05:29| Air Courier - Topix.net
Legacy delivery companies like FedEx Corp. and United Parcel Service Inc. played a huge role in the decline of the U.S. Postal Service, but it's time for them to pay the piper--technology has brought them face-to-face with their own competitive threat: Amazon.com Inc., Uber and other startups. Mobility, brought upon by the proliferation of smartphones, apps and connected devices, has created a climate of instant gratification and given way to a fast-growing market for on-demand delivery services, such as Postmates.
Tags: delivery
amazon
ups
threat
3 Air Freight and Logistics Firms to Buy, Including FedEx
2015-06-18 16:11:24| Logistics - Topix.net
The miss mostly reflecting the rise in the strength of the dollar. The good news is that the volume of packages increased by 2% in the express segment, and 5% in the ground segment , reflecting the growth in the economy.
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