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FedEx Sues US Government Over Trump Tariffs After Supreme Court Ruling, Wants A 'Full Refund' - FedEx (NYSE:FDX)
Benzinga· 2026-02-24 05:59
FedEx Corp. (NYSE:FDX) on Monday filed a lawsuit against the U.S. government, seeking to recover tariffs imposed by the Donald Trump administration.Supreme Court Strikes Down TariffsThis move follows a Supreme Court ruling last week that deemed these tariffs, imposed by Trump under the International Emergency Economic Powers Act (IEEPA), illegal.The Supreme Court, in its ruling, said that Trump did not have the power to impose these tariffs as per the law.Trump criticized the court's ruling as "anti-America ...
FedEx sues Trump administration for full tariff refunds after Supreme Court ruling on IEEPA
Fox Business· 2026-02-24 03:41
Core Viewpoint - FedEx has filed a lawsuit against the U.S. government seeking a full refund of tariffs imposed under President Trump's order, following a Supreme Court ruling that deemed such tariffs unlawful under the International Emergency Economic Powers Act (IEEPA) [1][3][12]. Group 1: Lawsuit Details - The lawsuit was filed in the Court of International Trade against the U.S. government and U.S. Customs and Border Protection (CBP), claiming that FedEx incurred costs to expedite shipments and is entitled to a refund of duties with interest [2]. - FedEx is seeking a full refund of all IEEPA duties paid to the United States, along with compensation for financial harm suffered [2][5]. - The lawsuit does not specify the total amount of tariffs paid by FedEx, but the company previously indicated an expected $1 billion impact on fiscal-year earnings due to U.S. trade policies, partially related to IEEPA duties [5][11]. Group 2: Supreme Court Ruling and Implications - The Supreme Court ruled that the IEEPA does not authorize the imposition of tariffs by the president, confirming that the Court of International Trade has exclusive jurisdiction over such tariffs [12]. - Following the ruling, CBP announced that the collection of IEEPA duties would cease, although no refund process has been established yet [14]. - FedEx has stated that it is taking necessary actions to protect its rights as an importer of record to seek duty refunds [5][8]. Group 3: Context of Tariffs - The tariffs in question were imposed by Trump in February 2025, targeting imports from China, Canada, and Mexico, citing national security concerns and unfair trade practices, and were later expanded to include reciprocal tariffs on 57 countries [11]. - U.S. businesses and consumers have paid over $175 billion in duties as a result of these tariffs [11].
FedEx Files Lawsuit Against U.S., Seeking Refund of Tariffs
WSJ· 2026-02-24 00:22
Core Viewpoint - FedEx is pursuing a full refund along with interest for the trade duties it incurred due to tariffs imposed by President Trump last year [1] Group 1 - The company is seeking reimbursement for the financial impact of the tariffs [1] - The request includes interest on the amount paid in trade duties [1]
FedEx sues U.S. seeking full refund of Trump tariffs days after Supreme Court ruling
CNBC· 2026-02-23 23:05
A worker unloads packages from a FedEx truck on Cyber Monday in New York, US, on Monday, Dec. 1, 2025.Federal Express on Monday sued the U.S. government, seeking a "full refund" of the money the shipping giant paid for tariffs unilaterally imposed by President Donald Trump, which the Supreme Court last week ruled are illegal.FedEx's suit appears to be the first one filed by a major American company after the Supreme Court decision seeking a refund of the tariffs it has paid.Other companies previously filed ...
Keurig Dr Pepper secures additional $1.5 billion funding for JDE Peet's buyout
Reuters· 2026-02-23 22:59
Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Keurig Dr Pepper secures additional $1.5 billion funding for JDE Peet's buyout February 23, 202610:59 PM UTCUpdated 9 mins ago By Reuters Feb 23 (Reuters) - Keurig Dr Pepper (KDP.O), opens new tab said on Monday it had raised an additional $1.5 billion of equity funding from long-term investors as part of its financing plan for the roughly $18 billion acquisition of Dutch coffee giant JDE Peet ...
Can I get a tariff refund from DHL, UPS, or FedEx after the Supreme Court struck down Trump's tariffs?
Fastcompany· 2026-02-23 13:32
Core Viewpoint - The Supreme Court ruled that former President Trump's actions regarding tariff imposition were unprecedented and exceeded legal authority, emphasizing that no President has previously invoked the International Emergency Economic Powers Act (IEEPA) to impose tariffs of such magnitude [1] Group 1: Legal Authority and Tariff Policy - The court noted that Trump's attempt to impose unbounded tariffs and change them at will overstepped the law, representing a transformative expansion of presidential authority over tariff policy [1] - The ruling highlighted that the IEEPA has existed for half a century without any President invoking it to impose tariffs, particularly of the scale seen during Trump's administration [1] Group 2: Financial Implications - The government collected approximately $230 billion in tariff revenue between January and December 2025, indicating significant financial implications from the tariff policies implemented during Trump's tenure [1]
Smart Money Is Betting Big In FDX Options - FedEx (NYSE:FDX)
Benzinga· 2026-02-20 19:00
Group 1: Market Sentiment and Trading Activity - Financial giants have shown a bullish sentiment towards FedEx, with 44% of traders being bullish and 11% bearish, indicating a positive outlook on the stock [1] - The analysis of options history revealed 18 unusual trades, with 5 puts valued at $409,710 and 13 calls valued at $695,323, suggesting a stronger interest in calls [1] - Major market movers are focusing on a price range between $240.0 and $500.0 for FedEx over the last three months, indicating significant trading activity within this band [2] Group 2: Volume and Open Interest - Monitoring volume and open interest is crucial for understanding liquidity and interest in FedEx's options, particularly within the strike price range of $240.0 to $500.0 over the last 30 days [3] - A snapshot of the 30-day option volume and interest for FedEx highlights significant whale trades, reflecting the market's engagement with the stock [4] Group 3: Analyst Insights and Market Position - Over the past month, 5 industry analysts have provided insights on FedEx, proposing an average target price of $397.4, which suggests a favorable outlook from professionals [5] - The current trading volume for FedEx is 611,195, with the stock price at $387.25, reflecting a 1.07% increase, although RSI indicators suggest the stock may be overbought [6] - Upcoming earnings are expected to be released in 27 days, which could impact market sentiment and trading strategies [6]
FedEx Corporation (FDX) Analyst/Investor Day Transcript
Seeking Alpha· 2026-02-17 16:15
Group 1 - The event is hosted by Jenifer Hollander, Vice President of Investor Relations, indicating a focus on engaging with investors [1] - The company is addressing participants both in-person and online, highlighting its commitment to investor relations and communication [1] Group 2 - The company reminds participants that certain statements may be forward-looking, which are subject to various factors that could lead to actual results differing from expectations [2] - Additional information is available through press releases, suggesting transparency and a proactive approach to investor communication [2]
Aberdeen to vote against $9.2 billion FedEx-led InPost takeover
Reuters· 2026-02-16 14:26
Core Viewpoint - Aberdeen, a British money manager, will vote against the proposed €7.8 billion ($9.25 billion) takeover of InPost by a FedEx-led consortium, claiming the offer significantly undervalues the parcel locker company [1]. Group 1: Aberdeen's Position - Aberdeen holds a 0.2% stake in InPost and has urged the company's board to reconsider the "unjustifiably low" cash offer of €15.60 per share [1]. - Matthew Peacock, a research analyst at Aberdeen Investments, described the offer as opportunistic, aiming to take advantage of a temporary dislocation in InPost's share price at the expense of long-term shareholders [1]. Group 2: Consortium's Plans - The consortium, which includes Advent International, PPF Group, and InPost CEO Rafal Brzoska's investment vehicle A&R, agreed to the takeover in early February [1]. - The consortium plans to expand InPost's operations across France, Spain, Portugal, Italy, Benelux, and Britain [1]. Group 3: InPost's Operations - InPost operates in nine countries, including its home market Poland, and boasts one of the largest networks of automated parcel machines in Europe [1].
FedEx Shares Climb 2% Following Key Trading Signal
Benzinga· 2026-02-13 21:52
Group 1 - The Power Inflow alert is a proprietary signal from TradePulse that indicates a significant shift in order flow towards buying activity, suggesting a high probability of bullish price movement for the rest of the trading day [1] - Order flow analytics provide insights into real-time buying and selling trends by examining volume, timing, and order size, which helps traders make informed decisions based on market sentiment [2] Group 2 - At the time of the Power Inflow signal, FDX was priced at $369.69, and the intraday high reached $378.50, reflecting a 2.38% increase by 2:45 PM EST [3]