FedEx shares tumble 16% on limp demand, delivery trade-down
By Shivansh Tiwary and Lisa Baertlein (Reuters) -Shares of FedEx slumped almost 16% on Friday, the worst in two years, after a dismal first-quarter profit drop due to anemic economic conditions and an ongoing customer shift toward slower,
FedEx earnings miss could signal a slowing economy
FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to trim its outlook for later this year, a sign of possible cooling in the wider economy.
FedEx’s earnings miss may be more of a speed bump than a brick wall, analyst says
Analysts see a potential spinoff of FedEx’s freight business as a possible boost, but the stock is dropping sharply
FedEx shares tumble over 15% on limp demand, delivery trade-down
By Shivansh Tiwary, Lisa Baertlein (Reuters) -Shares of FedEx slumped over 15% on Friday, the worst in two years, after a dismal first-quarter profit drop due to anemic economic conditions and an ongoing customer shift toward slower,
FedEx flags major shift in consumer behavior that’s hurting profits
The shipping carrier is calling out a growing trend that speaks volumes about the current state of the industrial economy.
FedEx shares fall sharply after missing on revenue and earnings, lowering guidance
CNBC's Fran Holland joins 'Closing Bell Overtime' with FedEx earnings.
FedEx quarterly profit disappoints as demand for speedy delivery wanes
FedEx reported a lower first-quarter profit on Thursday as demand in the package industry remained muted, especially for priority services.
FedEx Quarterly Profit Drops as Customers Opt for Cheaper, Slower Shipping Alternatives...
FedEx reported a sharp decline in quarterly profits and lowered its full-year revenue forecast as customers shifted from faster, expensive deliveries to cheaper alternatives. FedEx CEO Raj Subramaniam cited softer industrial demand as shipments between manufacturers,
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Olive Garden Breadsticks Hitch a Ride With Uber in Delivery Deal
Olive Garden owner Darden Restaurants struck a delivery deal with Uber Technologies, betting that shuttling pasta and ...
Olive Garden Owner Sees Sales Rebound and Strikes Uber Delivery Deal. Its Stock Is Flying.
Darden Restaurants shares surged Thursday after the Olive Garden owner reported improving sales trends after a decline in ...
Darden Stock Pops After Teaming Up With Uber Delivery: What to Know
Darden Restaurants' Q1 earnings came up short of expectations, but bulls are cheering the Olive Garden parent's new food ...
Car struck house after delivery driver forgot to put it in park, Stafford County deputies say
The Stafford County Sheriff’s Office (SCSO) said a vehicle ran into a house Thursday. Deputies responded to a home in Clint ...
USPS hits back at Boston City Council service failure claims, says delivery is within ‘performance standards’
The U.S. Postal Service hit back at the Boston City Council’s claims that delivery failures were frequently leaving residents ...
Olive Garden teams up with Uber Direct to offer delivery
Darden Restaurants said Olive Garden will be the first of its brands to offer third-party delivery starting later this year.
First Airbus A321XLR delivery due in second-half October, airline says
The first delivery of Airbus' longest-range narrowbody jet, the A321XLR, is poised to slip into October, apparently missing ...
Uber to provide delivery for Olive Garden in new partnership
Darden Restaurants plans to start delivering Olive Garden food via Uber later this year, according to a Thursday announcement from the company.
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Olive Garden has long resisted food delivery — until now
Darden Restaurants, the parent company of the casual Italian eatery, has announced it has partnered with Uber to offer Olive ...