About 50 FedEx Express workers in Fort McMurray have successfully unionized by joining Teamsters Local Union 362 following a legal battle. FedEx had tried to exclude temporary foreign and international student workers from union membership, but the Canada Industrial Relations Board certified the union including these workers. This victory addresses wage and benefit disparities compared to other couriers and aims to improve working conditions. Negotiations for the first collective agreement will begin soon, marking the first FedEx Express location in Canada to unionize.
UBS maintains a Buy rating on FedEx with a $445 price target as the company prepares to spin off its freight business, FDXF, next week. UBS values the freight unit at $213 per share and the remaining parcel business, FEC, at $338 per share using a su...
A consortium led by FedEx has proposed a €7.8 billion (around $9.06 billion) all-cash acquisition of Polish parcel locker company InPost. The offer, supported by 48% of InPost shareholders and requiring 80% acceptance to complete, will run from May 2...
A consortium led by FedEx has proposed a €7.8 billion ($9.06 billion) all-cash acquisition of Polish parcel locker company InPost. The offer, supported by 48% of shareholders and requiring 80% acceptance, will run from May 26 to July 27. Regulatory a...
Several large U.S. companies including Walmart, Apple, Nike, Home Depot, General Motors, FedEx, and Costco are applying for refunds on tariffs paid, despite President Trump's warning that he would "remember" companies that did not seek refunds. The S...
