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FedEx stock: Will winter delays hurt company's earnings?


FedEx will announce its quarterly earnings Thursday, revealing how profitable the record-breaking holidays were and if winter weather delays dented the company’s performance.
The Memphis logistics giant’s earnings report will cover Dec. 1 through Feb. 28. During that time, FedEx handled unprecedented package volumes during the peak holiday shipping season, began its COVID-19 vaccine distribution mission and saw significant disruptions due to winter storms in Memphis and elsewhere.
FedEx’s stock price dipped during this stretch, notably after it reported increased expenses ahead of the peak season in December. The price closed at $292.56 per share Dec. 17, and it was trading at $261.64 as of Tuesday afternoon.  ....

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FedEx Prioritizes Packages Over Employee Safety, Workers and Experts Say


ProPublica is a nonprofit newsroom that investigates abuses of power. Sign up to receive our biggest stories as soon as they’re published.
This article was produced in partnership with MLK50: Justice Through Journalism, which is a member of the ProPublica Local Reporting Network.
MEMPHIS, Tenn. Fannie Stanberry had been on the job for two months as a package handler at FedEx Express’ massive World Hub when, toward the end of her overnight shift, packages started to fall from a huge shipping container that rolled past her.
As Stanberry, then 61, bent to pick up the packages, she fell and became trapped between the catwalk she’d been standing on and the wheeled platform carrying the shipping container, also known as a dolly. “I thought I was a goner,” Stanberry said. She broke eight ribs and her left arm and lacerated her liver, she said. “I had to learn how to walk over again.” ....

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