XPO, Old Dominion stocks drop amid FedEx guidance cut

Trucking stocks fell after FedEx lowered guidance and announced a freight division spin-off, raising concerns over LTL carriers’ near-term performance amidst industrial market challenges.

FedEx gets Loop Capital's upgrade on freight spin off

Loop Capital upgraded FedEx to 'buy', raising the price target to $365, driven by a planned Freight spin-off and strong earnings, despite challenges in revenue and margins.

FedEx, Eli Lilly, Occidental rise premarket; Nike, Novo Nordisk fall

FedEx's freight spinoff plan to fortify core business, boost industry

FedEx plans to spin off its freight segment to reduce risks, enhance focus, and possibly unlock significant shareholder value amid shifting market demands.

Futures hit by government shutdown fears ahead of inflation data

U.S. stock futures fell amid concerns of a government shutdown and inflation, as traders awaited key economic reports and faced uncertainty in the market.

PCE index, US government shutdown, EU trade war - what's moving markets

Wall Street is expected to open lower due to inflation concerns, potential government shutdown, and Trump's tariff threats against the EU.

After-hours movers: FedEx, Nike, U.S. Steel and more

FedEx and Nike saw significant stock increases after positive announcements, while U.S. Steel's stock fell due to lowered earnings guidance.

FedEx shares surge after parcel giant to spinoff freight division

FedEx announced plans to spin off its freight division, boosting shares over 9%. The separation aims for independent growth and is expected within 18 months.

FedEx to spin off its freight trucking business

FedEx spinoff of its freight division aims to enhance efficiency and shareholder value, while the company forecasts weak demand affecting 2025 revenue amid increased holiday shipping pressures.

FedEx earnings matched, revenue fell short of estimates

FedEx reported Q2 EPS of $4.05 and revenue of $22B, with FY 2025 EPS guidance of $19.00-$20.00; stock rose 8.30% in 3 months.