Sectors News Results

  • Amazon vows to be carbon neutral by 2040, buying 100,000 electric vans

    Amazon.com Inc Chief Executive Officer Jeff Bezos on Thursday pledged to make the largest U.S. e-commerce company net carbon neutral by 2040 and to buy 100,000 electric delivery vans from a start-up, as employees and consumers around the world plan protests to address climate change.

  • Amazon vows to be carbon neutral by 2040, buying 100,000 electric vans

    Amazon.com Inc Chief Executive Officer Jeff Bezos on Thursday pledged to make the largest U.S. e-commerce company net carbon neutral by 2040 and to buy 100,000 electric delivery vans from a start-up, as employees and consumers around the world plan protests to address climate change.

  • Government Urged to Boost R&D Spending

    The U.S. government has publicized its investments in whiz-bang fields such as quantum technology and artificial intelligence. But to help companies remain competitive in an increasingly automated and digitized landscape, it should boost tech spending aimed at boosting productivity, researchers say. Redirecting more research-and-development funds to areas including robotics, 3- D printing and autonomous vehicles could juice productivity growth rates and increase...

  • FedEx tumbles 13% on weak 2020 outlook, brokers cut price targets

    - Shares of FedEx Corp (FDX) fell about 13% on Wednesday after the package delivery company slashed its 2020 profit outlook, blaming trade tensions and its split with client-turned-competitor Amazon.com (AMZN) . The profit warning that came in just ahead of the all-important holiday shopping season for retailers, wiped off the stock's gains for the year and prompted several brokerages to cut...

  • FedEx Slashes Outlook, Sinking Shares 10% -- WSJ

    This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal. FedEx Corp. (FDX) sharply cut its profit forecast for the year as it faces higher costs to expand services, lower revenue from cutting ties with Amazon.com Inc. (AMZN) and a worsening economic backdrop, sending shares of the delivery company plummeting 10% in after-hours trading. The Memphis, Tenn., company expects per-share earnings...

  • FedEx Hit by Trade Tensions and Split With Amazon -- 3rd Update

    FedEx Corp. (FDX) sharply cut its profit forecast for the year as it faces higher costs to expand services, lower revenue from cutting ties with Amazon.com Inc. and a worsening economic backdrop, sending shares of the delivery company plummeting 10% in after-hours trading. The Memphis, Tenn., company expects per-share earnings to fall between 16% and 29% in the current fiscal year, compared with an expectation of a mid-single-digit percentage decline issued in June.

  • FedEx Hit by Trade Tensions and Split With Amazon -- 2nd Update

    FedEx Corp. (FDX) sharply cut its profit forecast for the year as it faces higher costs to expand services, lower revenue from cutting ties with Amazon.com Inc. (AMZN) and a worsening economic backdrop, sending shares of the delivery giant plummeting in after-hours trading. The Memphis, Tenn., company expects per-share earnings to fall between 16% and 29% in the current fiscal year, compared with an expectation of a mid-single-digit percentage decline issued in June. FedEx (FDX) also lowered its...

  • FedEx quarterly profit falls 14%

    - FedEx Corp reported a 14.3% drop in first-quarter profit on Tuesday, as the U.S. package delivery company grapples with a slowing economy and the U.S.-China tariff war. The company's shares were down nearly 7% in after-market trading. Adjusted net income fell to $800 million, or $3.05 per share, in the quarter ended Aug. 31, from $933 million, or $3.46 per share, a year earlier.

  • A. Duie Pyle Announces Partnership with Oak Harbor Freight Lines, Inc. to Expand Service to West Coast

    A. Duie Pyle, the premier provider of asset and non-asset based transportation and supply chain solutions in the Northeast, today announces its partnership with Oak Harbor Freight Lines to expand its coverage area to the West Coast for the first time.

  • California truckers brace for new 'gig worker' rules

    California trucking companies that haul everything from summer strawberries to cars and Christmas toys say they are under threat from a bill that could turn so-called gig workers into employees. California state senators late on Tuesday passed AB5, proposed legislation that would set tougher standards for determining which workers can be properly classified as independent contractors.

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