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FedEx Corp. Board Increases Quarterly Dividend 25 Percent
2015-06-09 00:00:13| Air Courier - Topix.net
The dividend is payable July 2, 2015 to stockholders of record at the close of business on June 18, 2015. "Increasing our dividend reinforces our commitment to drive value for shareowners," said Alan B. Graf, Jr., executive vice president and chief financial officer of FedEx Corp. "Our balance sheet and cash flow generation are very strong, allowing us to strategically invest in long-term, profitable growth while also rewarding our shareowners by raising our dividend by 25 percent."
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FedEx Corp. Accelerates Aircraft Retirements
2015-06-02 03:56:12| Air Courier - Topix.net
The impact of retiring these aircraft, engines and related parts resulted in a non-cash impairment charge of $246 million recorded in May 2015. FedEx has also adjusted the retirement schedule of an additional 23 airframes and 57 engines.
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New Jersey man pleads guilty in Memphis in FedEx fraud case
2015-05-29 23:42:11| Air Courier - Topix.net
A New Jersey man has pleaded guilty in Tennessee to defrauding FedEx Corp. of an estimated hundreds of thousands of dollars. U.S. Attorney Edward L. Stanton III's office said 48-year-old Anthony Caruso used his New Jersey-based shipping and logistics company, CSA Group, to ship packages under a different account with more favorable rates.
Picking Between FedEx And UPS
2015-05-28 02:23:51| Trucking - Topix.net
Common sense suggests that, when the price of shares diverge, the more expensive one should be able to justify it through operational performance. Due to FedEx's investments in capex and slim margin strategy, however, the opposite is true and it seems to come out on top of UPS in terms of growth.
Picking Between FedEx And UPS
2015-05-28 01:54:14| Air Courier - Topix.net
Common sense suggests that, when the price of shares diverge, the more expensive one should be able to justify it through operational performance. Due to FedEx's investments in capex and slim margin strategy, however, the opposite is true and it seems to come out on top of UPS in terms of growth.
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