FedEx jumps after lifting profit view amid pressure on e-commerce parcel volume
Synopsis by CNBC Mar 17 23
Tim Seymour and other "Fast Money" traders react to FedEx's earnings report. Read full article 
Reuters: FedEx jumps after lifting profit view amid pressure on e-commerce parcel volume
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| Last Updated | Mar 17 23 |
| Total Articles | 2 |
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FedEx is surging after an earnings beat. Here's how the 'Fast Money' traders say it compares to UPS
cnbc.com/2023/03/16/fdx-surges-after-earnings-how-fast-money-traders-say-it-compares-to-ups.html
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FedEx is surging after an earnings beat. Here's how the 'Fast Money' traders say it compares to UPS
cnbc.com/2023/03/16/fdx-surges-after-earnings-how-fast-money-traders-say-it-compares-to-ups.html
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UPS to replace FedEx as the US Postal Service's primary air cargo provider
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Quick Glance: UPS replaces FedEx as U.S. Postal Service's primary air cargo provider
- United Parcel Service (UPS) will become the United States Postal Service's (USPS) primary air cargo provider after rival FedEx walked away pressing for a better contract.
- UPS shares rose 1.4% while FedEx's stock fell 1.6% as financial terms of the contract were not disclosed.
- FedEx will not extend its contract with USPS, resulting in nearly $2 billion annual business loss but pushing the company to reduce its air capacity.
- USPS has reduced payments to FedEx since 2020 when letters and packages were shifted from planes to more economical trucks.
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