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FedEx-Led $9 Billion Buyout Offer Window For Polish Parcel Firm InPost Opens May-End
Benzinga85d agobullish
FedEx-Led $9 Billion Buyout Offer Window For Polish Parcel Firm InPost Opens May-End

A consortium spearheaded by FedEx (NYSE:FDX) has put forward an approximately €7.8 billion (around $9.06 billion) acquisition proposal for Polish parcel locker firm InPost. The buyout proposal, initially announced in February and unanimously endorsed by InPost’s board, is anticipated to run from May 26 to July 27. Regulatory approvals for the transaction have already been obtained in China, Israel, Italy, Turkey, and Ukraine. The European Commission and Vietnam are expected to complete their rev

FedEx board approves spinoff of LTL unit
FreightWaves94d agoneutral
FedEx board approves spinoff of LTL unit

The board at FedEx has formally greenlit the spinoff of the company's freight division. The post FedEx board approves spinoff of LTL unit appeared first on FreightWaves.

BofA Just Picked FedEx Stock as One of Its Best Ideas: Logistics Giant Joins the US 1 List
24/7 Wall St.96d agoneutral
BofA Just Picked FedEx Stock as One of Its Best Ideas: Logistics Giant Joins the US 1 List

Bank of America has added FedEx (NYSE:FDX) to its “US 1 List,” a collection of its best investment ideas. The move, announced May 11, is a high-conviction symbolic signal even without a fresh price target attached. For long-term investors, the inclusion reframes FedEx stock as one of Wall Street’s preferred industrial transformation plays heading into ... BofA Just Picked FedEx Stock as One of Its Best Ideas: Logistics Giant Joins the US 1 List

Mother's Day flowers to come with a bigger price tag this year
Yahoo Finance Video99d agoneutralVIDEO
Mother's Day flowers to come with a bigger price tag this year

American families are expected to spend up to $38 billion on Mother's Day this year, according to the National Retail Federation (NRF), $3.2 billion of which will go toward buying flowers. UrbanStems CEO  Meenakshi Lala discusses broader consumer spending trends, especially for these sentimental holidays, while Americans navigate the K-shaped economy.

Amazon Is Coming For Trucking Stocks. Don’t Overreact.
Barrons.com99d agoneutral
Amazon Is Coming For Trucking Stocks. Don’t Overreact.

For logistic companies, or for logistics investors, it is time to stay calm and carry on. Monday, Amazon com sent a shock wave through the market by announcing Amazon Supply Chain Services, or ASCS, essentially opening up to outside customers the logistics network it built to support its retail business.

Bloomberg101d agoneutral
Trump Tariff Refunds Start Hitting Importers’ Bank Accounts

(Bloomberg) -- The Trump administration has begun paying out refunds for the $166 billion in global tariffs that the US Supreme Court declared unlawful earlier this year.Most Read from BloombergUS Has Opened a Passage Through Hormuz, Central Command SaysDOJ Plans Intervention in Trump Supreme Court Carroll AppealUS Says Offensive Phase of Iran War Over as Ship Hit in StraitAnthropic Unveils AI Agents to Field Financial Services TasksSony to Pay Almost $4 Billion for Bieber, Neil Young CatalogTra

FedEx wins war waiver for Dubai cargo route
FreightWaves101d agobullish
FedEx wins war waiver for Dubai cargo route

The Iran war is impacting FedEx operations in Dubai, which wants U.S. permission to pause flights there from Hong Kong so it doesn’t lose the right to fly that route. The post FedEx wins war waiver for Dubai cargo route appeared first on FreightWaves.