U.S. inflation jumped in March, surpassing expectations primarily due to higher petrol and shelter costs, dashing hopes of a June interest rate cut by the Fed. The U.S. consumer price index (CPI) rose by 0.4% sequentially, exceeding estimates from Wall Street.Over the 12-month period ending in March, the CPI recorded a 3.5% year-over-year increase, marking the largest gain in six months since September 2023. This follows a 3.2% rise in February 2024.Core prices, which exclude volatile food and energy costs, ...

It’s hard to believe we’re already a quarter of the way through 2024. So far, it’s been a solid year for equities, but the first week in April was the worst performance since October 2023. You’ve probably heard a lot of conversation about this being a “stock picker’s market.” That simply means you may have to work a little harder to find stocks to buy.  One proven way to profit in a stock picker’s market is to look for stocks that are getting upgraded by analysts. This can be particularly true when the upgr ...

The company showed it is making the best of a bad macro situation.FedEx (FDX -0.95%) reported a solid quarter despite a difficult operating environment, and its shares were in the fast lane as a result. Shares of FedEx climbed 16.4% in March, according to data provided by S&P Global Market Intelligence, on signs that the company's streamlining plan is on track.Cost cutting saves the dayIt is a tough time to be a shipping company. A combination of higher costs and slowing demand due to concerns about the eco ...

FedEx (FDX) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this package delivery company have returned +10.1% over the past month versus the Zacks S&P 500 composite's +0.5% change. The Zacks Transportation - Air Freight and Cargo industry, to which FedEx belongs, has gained 3.4% over this period. Now the key question is: Where could the stock be headed in the near ter ...

It’s a risky idea but targeting the best transportation stocks to buy in April could be a lucrative approach. That’s because companies tied to the underlying industry is where the economic rubber meets the road.More to the point, should economic metrics – such as monthly jobs reports – continue to improve, demand for products will likely rise as well. And that means more motion across various transportation networks, which would be a positive for the entire value chain. Looking at employment data from the t ...

Shares of FedEx Corporation (FDX) declined 3.32% on Apr 1 to $280.13 per share from $289.74 on Mar 28. This downside was mainly due to the non-renewal of the air-cargo contract with United States Postal Service or USPS. The current contract with FedEx will expire on Sep 29, 2024.While releasing its third-quarter fiscal 2024 results last month, management stated that it was negotiating for a new multi-year agreement with USPS so that FDX remains as the primary air-cargo provider for USPS. The non-renewal of ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

FedEx Corp (NYSE:FDX) stock is slipping today, after the U.S. Postal Service officially opted to replace FedEx with rival United Parcel Service (UPS) as its primary air cargo carrier. FedEx warned of incoming changes in its annual report, as its contract with USPS ended this year after bringing in roughly $1.5 billion every year in revenue. At last check, FDX was down 1.6% at $285.05. The stock is still hanging out near its March 22 post-earnings two-year high of $291.27, and is well above all daily moving ...

United Parcel Service (UPS) announced Monday it is becoming the primary air cargo provider of the United States Postal Service (USPS), replacing FedEx (FDX) in the position. The shipping giant said it will become the primary air carrier, moving the majority of U.S. air cargo, after a "transition period." “Together UPS and USPS have developed an innovative solution that is mutually beneficial and complements our unique, reliable and efficient integrated network,” UPS Chief Executive Officer (CEO) Carol B. T ...

United Parcel Service Inc (NYSE: UPS) is in the green this morning after the United States Postal Service said the multinational will become its primary air cargo provider.FedEx is parting ways with USPS Copy link to section U.S. Mail has so far been working with FedEx Corp (NYSE: FDX) on air cargo. But the New York listed firm opted to walk away today after the “parties were unable to reach agreement on mutually beneficial terms to extend the contract”.  USPS is yet to reveal the financial details of its a ...