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4 mins read

Some FedEx employees say layoffs are wrecking morale and chipping away at the famous loyalty that Fred Smith built

11 current and former FedEx employees say the most recent round of layoffs is threatening to erode …

Emma Cosgrove   


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2 mins read

FedEx founder and CEO Fred Smith plans to step down in June, as the company names COO Raj Subramaniam to the top job

Legendary founder and CEO of FedEx Fred Smith will be replaced by operating chief Raj Subramaniam a…

Gabrielle Bienasz   


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5 mins read

FedEx's Fred Smith declared that his company's revenue will finally trounce UPS this decade. CEO David Abney shot back: 'You're chasing a moving target.'

Meanwhile, FedEx has dumped Amazon for the traditional retailers. Smith's company booted Amazon fro…

Rachel Premack   


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1 min read

Here Are 14 Charts FedEx CEO Fred Smith Watches When He Thinks About The US Economy

Frederick Smith, Chairman and CEO of FedEx Corporation, listens to remarks at a news conference hel…

Sam Ro   


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2 mins read

FedEx boss tells the US to brace for stagflation because there aren't enough workers to meet juiced-up demand

"You simply do not have the workers to meet the demand that's been juiced by the printing of money,…

George Glover   


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4 mins read

As Gen Z flounders at work and millennials struggle to buy a house, boomers are enjoying a golden moment

In Insider Today: "The next Joe Rogan," an adtech employee accused of stealing a $9 million payment…

Matt Turner,Dave Smith   


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2 mins read

US stocks continue sell-off as traders brace for more Fed rate hikes later this week

Last week, global equities saw their worst five-day stretch since June as investors anticipate anot…

Phil Rosen   


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2 mins read

Congress reportedly expands NFL, Washington Commanders investigation to examine team's finances and debt

The investigation by the House Oversight Committee started over allegations of sexual harassment in…

Cork Gaines   


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1 min read

FedEx slumps as the carrier beats earnings estimates but says costs tied to increased shipping demand and labor are soaring

After a long run of strong earnings, FedEx disappointed some analysts by coming in just a few cents…

Ethan Wu   


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2 mins read

FedEx leaders say a major turning point is coming soon. Here's why the stakes have never been higher.

FedEx has been struggling to make its deliveries on time for months. And it's been struggling to tu…

Emma Cosgrove   


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3 mins read

10 Things in Tech: Amazon union vote

In today's edition: The Amazon union vote in Alabama is too close to call, and you can now add a Te…

Jordan Parker Erb   


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2 mins read

FedEx climbs as strong e-commerce demand during an 'unprecedented' holiday season drives earnings beat

FedEx said the increased volume of packages offset its higher labor costs and weather-related expen…

Isabelle Lee   


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2 mins read

The CEO of FedEx finally admitted Amazon is a competitor after months of saying it wasn't

"We basically compete in an ecosphere that's got five entities in it," Smith said, adding: "There i…

Mary Hanbury   


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2 mins read

FedEx slips after canceling its ground-shipping deal with Amazon

Amazon has been rapidly building up its delivery business since 2015. It began hiring thousands of …

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3 mins read

Amazon just gave a big signal that it's going to step up its grocery business, and it could be a wake up call for competitors like Albertsons and Kroger

The change is made as Amazon is doubling down on its grocery business. Last year, Amazon got rid of…

Eugene Kim   


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3 mins read

FedEx just sounded the alarm on US growth - and Jim Cramer said it was the 'most dispiriting call about the economy I've heard in a long time'

Carere also flagged China's export weakness and decade-low growth in industrial production, and the…

Theron Mohamed   


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3 mins read

FedEx is officially sounding the alarm bells on Amazon after years of laughing off the retail giant's rapidly building package-delivery empire

It's not the first time FedEx has name-dropped the retailer in its annual report, but the package c…

Rachel Premack   


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3 mins read

Don't blame Amazon for FedEx's stock free fall

FedEx bought the European package giant in 2016 for a whopping $4.4 billion, but integrations of th…

Rachel Premack   


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2 mins read

FedEx reportedly threatens to remove signage from the Washington Redskins' home stadium unless the team changes its name

FedEx's demands for the Washington Redskins to change their name were reportedly much forceful than…

Graham Rapier   


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6 mins read

Rachel Premack