FDX News & Events

FedEx (FDX) and ServiceNow (NOW) announced they are furthering their collaboration by embedding trusted logistics intelligence from FedEx Dataworks directly into existing ServiceNow Source-to-Pay journeys as well as building net-new Supply Chain Management workflows. "The companies will seek to optimize workflows to improve supply chain visibility, exception management, and customer experiences, beginning with a suite of procurement solutions," they stated. "As the pace of change accelerates, supply chain transformation is the only way forward. That's why I'm proud to partner with FedEx, home to the world's richest datasets on the movement of goods, people, and commerce - combining ServiceNow's agentic workflows with FedEx intelligence to power resilient value chains that never stop running," said Bill McDermott, chairman and CEO of ServiceNow.

Shares of UPS (UPS), FedEx (FDX) and GXO Logistics (GXO) are under pressure on Monday after Amazon (AMZN) announced the launch of Amazon Supply Chain Services, which "extends the company's entire portfolio of freight, distribution, fulfillment, and parcel shipping solutions to businesses of all types and sizes." Amazon noted that, "Over the past three years, hundreds of thousands of Amazon sellers have trusted the company's logistics network to move, store, and deliver hundreds of millions of packages across third-party facilities, warehouses, and sales channels beyond the Amazon store. The launch of ASCS builds on this momentum, now supporting third-party logistics for businesses in industries such as healthcare, automotive, manufacturing, and retail." In morning trading, UPS and FedEx shares are down roughly 9%, while GXO Logistics has dropped over 11%.

Approximately 50 workers at FedEx Express in Fort McMurray have won their union, joining Teamsters Local Union 362 after a lengthy legal battle. The Canada Industrial Relations Board issued its certification order yesterday, on International Workers' Day. The Teamsters will now move quickly to begin negotiating a first collective agreement.

The major averages were mostly lower near noon, with the Dow marginally higher but the S&P 500 and Nasdaq slipping amid a report highlighting weakness in OpenAI as well as an increase in oil prices. Multiple tech stocks were slipping after the OpenAI report, which said CFO Sarah Friar told leadership she was concerned the ChatGPT maker may not be able to pay computing contracts in the future if it doesn't hit expansion goals quickly enough. The news comes amid a big week for corporate earnings, particularly with tech titans Alphabet, Amazon, Meta, Microsoft, and Apple set to report this week.Meanwhile, tensions between Washington and Tehran remain high as President Trump reportedly is unhappy with Iran's proposal to end the war. Such tensions combined with the UAE announcing it will leave OPEC and OPEC+ have impacted oil prices, which are back to hovering around the $100 per barrel mark.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:OpenAI has missed its internal targets for users and revenue,Coca-Colareportedand reiterated its FY26 revenue growth outlookUPSreportedand provided guidance for FY26 adjusted earnings growthGeneral Motorsprovided areport for Q1IACplans to change name toand said it will implement a workforce reduction2. WALL STREET CALLS:TFI Internationalto Buy at BofAOld Dominionto Neutral from Underperform at BairdTronoxto Sell at TruistRambusto Neutral at BairdDA DavidsonMicronat Buy on "longer-than-usual" memory cycle3. AROUND THE WEB:Metais preparing to undo its acquisition of AI startup Manus after China banned the transaction, WSJ saysThe Federal Communications Commission is moving toward a review of Disney'sbroadcast licenses amid the Trump administration's fight with Jimmy Kimmel, Semafor reportsFedExplans to return its MD-11 cargo jets to service next month, a move which will allow the company to cut back on expensive leased planes it has enlisted since regulators grounded all MD-11s following another carrier's crash in November, WSJ saysSalesforceand Slack are suing Microsoftat London's High Court over alleged anticompetitive practices utilized by the Teams app, Reuters reportsParamount Skydancefiled a petition to the Federal Communications Commission seeking permission for significant ownership by Middle East sovereign wealth funds, WSJ says4. MOVERS:Sanminagains afterand announcing the authorization of a $600M share buybackSolaris Energyincreases after, raising its guidance for Q2 and signing a third long-term power contractBridgeBioslips after Pfizerenteredfor VyndamaxErascalower after disclosing aafter withdrawing from its Phase 1 trial for ERAS-0015Celesticafalls in New York afterand providing guidance for Q25. EARNINGS/GUIDANCE:Ecolab, with EPS in-line with consensusKiniksaand raised its guidance for FY26S&P Globalwith CEO Martina Cheung commenting, "We are pleased with the results we achieved in the first quarter"Operaand provided guidance for Q2 and FY26Asbury Automotive, with EPS and revenue missing consensusINDEXES:Near midday, the Dow was up 0.13%, or 64.54, to 49,232.33, the Nasdaq was down 1.43%, or 356.21, to 24,530.90, and the S&P 500 was down 0.78%, or 56.00, to 7,117.91.