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28.01.26 - 03:00
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UPS Won′t Resurrect MD-11 Fleet After Deadly Crash, Takes $137M Charge (ZeroHedge)
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UPS Won't Resurrect MD-11 Fleet After Deadly Crash, Takes $137M Charge
Authored by Eric Kulisch via FreightWaves.com,
UPS has decided to permanently retire its fleet of 27 MD-11 aircraft and take a $137 million after-tax write off instead of returning the widebody freighters to service even if they are cleared to fly again by aviation authorities following the crash of one of its planes in early November.
The express delivery and logistics giant began a phased drawdown of the aging tri-engine aircraft, but said on Tuesday that it has accelerated the retirement plan and will replace the aircraft with more efficient twin-engine Boeing 767-300 cargo jets.
The MD-11s have been parked since Nov. 8, when the Federal Aviation Administration ordered UPS, FedEx and Western Global Airlines to ground their MD-11 fleets until inspections and any potential corrective steps can be completed in the wake of the fiery crash of UPS MD-11 in Louisville, Kentucky, that killed 15 people. Investigators are focusin...
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27.01.26 - 23:00
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FedEx Announces Pricing of FedEx Freight′s $3.7 Billion Offering of Senior Notes in Connection with Planned Spin-Off (Business Wire)
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MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) (“FedEx”) announced today that FedEx Freight Holding Company, Inc., a wholly owned subsidiary of FedEx (the “Issuer”), has priced a private offering of $1,000,000,000 aggregate principal amount of 4.300% senior notes due 2029, $1,000,000,000 aggregate principal amount of 4.650% senior notes due 2031, $700,000,000 aggregate principal amount of 4.950% senior notes due 2033 and $1,000,000,000 aggregate principal amount of 5.250% senior notes due 2036 (collectively, the “Notes”). The offering of the Notes is expected to close on or about February 5, 2026, subject to the satisfaction of customary closing conditions.
The Notes are being offered as part of the financing for the proposed separation of the Issuer from FedEx (the “Spin-Off”) which will result in the Issuer owning and operating, through its subsidiaries, FedEx's less-than-truckload (LTL) freight transportation services business, including FedEx Freight Direct and LTL Select, a...
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27.01.26 - 14:36
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FedEx Appoints Scott Ray as Chief Operating Officer for U.S. and Canada Surface Operations (Business Wire)
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MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) today announced the appointment of Scott Ray as chief operating officer for U.S. and Canada Surface Operations, effective June 1. He will begin transitioning into the role as COO-elect on Feb. 1. Reporting to FedEx President and CEO Raj Subramaniam, Ray will be the newest member of the FedEx Executive Committee, succeeding John Smith, who will transition to CEO of FedEx Freight as of June 1.
Ray will be responsible for leading all aspects of Surface Operations in the U.S. and Canada, from the daily operations of safely and reliably delivering millions of packages every day, to ensuring the effective execution and implementation of strategic initiatives, including Network 2.0.
Having served as the president of Surface Operations since 2024, Ray's operational and leadership experience is extensive, with 39 years at FedEx, mostly spent leading operational teams throughout the U.S. Before serving as president of Surface Operations, Ray served as execut...
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23.01.26 - 16:36
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FedEx Announces Launch of FedEx Freight′s Offering of Senior Notes in Connection with Planned Spin-Off (Business Wire)
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MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) (“FedEx”) announced today that FedEx Freight Holding Company, Inc., a wholly owned subsidiary of FedEx (the “Issuer”), has commenced a private offering of senior notes (the “Notes”).
The Notes are being offered as part of the financing for the proposed separation of the Issuer from FedEx (the “Spin-Off”) which will result in the Issuer owning and operating, through its subsidiaries, FedEx's less-than-truckload (LTL) freight transportation services business, including FedEx Freight Direct and LTL Select, and the other businesses, including FedEx Custom Critical, included in FedEx's FedEx Freight reporting segment as a separate public company. The Spin-Off is expected to be completed on June 1, 2026. The Issuer intends to distribute the net proceeds from the offering of the Notes to FedEx as part of the consideration for FedEx's contribution of assets to the Issuer in connection with the Spin-Off.
The Notes have not been registered ...
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21.01.26 - 16:48
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FedEx Aktie: Rothschild & Co senkt Rating - nur 3% Kurspotenzial (Aktiencheck)
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London (www.aktiencheck.de) - FedEx-Aktienanalyse von Rothschild & Co Redburn:
Die Analysten von Rothschild & Co Redburn haben die Aktie von FedEx Corp. (ISIN: US31428X1063, WKN: 912029, Ticker-Symbol: FDX, NYSE-Symbol: FDX) von "buy" auf "neutral" abgestuft und ein Kursziel von 317 USD bestätigt, was einem Kurspotenzial von rund 3% entspricht. [mehr]...
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21.01.26 - 15:06
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Aurora to Host Fourth Quarter 2025 Business Review Conference Call on February 11, 2026 (Business Wire)
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PITTSBURGH--(BUSINESS WIRE)--$AUR #aurora--Aurora Innovation, Inc. (NASDAQ: AUR) today announced it will release fourth quarter 2025 results after market close on February 11, 2026 and will host a business review conference call that day at 5:00 p.m. Eastern time. The conference call will be webcast on Aurora's investor relations website at ir.aurora.tech. A replay of the webcast will be available for 30 days following the call.
About Aurora
Aurora (Nasdaq: AUR) is delivering the benefits of self-driving technology safely, quickly, and broadly to make transportation safer, increasingly accessible, and more reliable and efficient than ever before. The Aurora Driver is a self-driving system designed to operate multiple vehicle types, from freight-hauling trucks to ride-hailing passenger vehicles, and underpins Aurora's driver as a service products for trucking and ride-hailing. Aurora is working with industry leaders across the transportation ecosystem, including AUMOVIO, FedEx, Hirschbach, NVIDIA, PACCAR...
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21.01.26 - 14:18
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Here Are Wednesday′s Top Wall Street Analyst Research Calls: Alibaba, Applied Digital, ARM Holdings, FedEx, Flutter Entertainment, Ulta Beauty, and More (24/7 Wall St.)
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Pre-Market Stock Futures: The futures are trading lower again after a dreadful risk-off day across Wall Street, where all major indices finished the day solidly lower. The combination of President Trump's pursuit of Greenland, multiple geopolitical hotspots, both foreign and domestic, and a market that remains very overbought led to the biggest selling day we ... Here Are Wednesday's Top Wall Street Analyst Research Calls: Alibaba, Applied Digital, ARM Holdings, FedEx, Flutter Entertainment, Ulta Beauty, and More
The post Here Are Wednesday's Top Wall Street Analyst Research Calls: Alibaba, Applied Digital, ARM Holdings, FedEx, Flutter Entertainment, Ulta Beauty, and More appeared first on 24/7 Wall St.....
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