FedEx Corp

Despite posting operating and net income gains in its fiscal 2024 second quarter, FedEx cut its full-year revenue forecast.

Effective Monday, UPS’ surcharge levels for domestic ground parcel and SurePost services will rise by 50 basis points.

Changes in ZIP codes mean that delivery area surcharges will apply to a larger share of the U.S. population.

Uber drivers will pick up return parcels and deliver them to postal, FedEx and UPS locations.

FedEx goes big with a record GRI. UPS, facing a spike in labor costs, may go bigger.

FedEx acquires 7.9 million shares at a cost of $1.5 billion.