Sundry Photography FedEx Freight is hosting an Investor Day at the New York Stock Exchange on Wednesday ahead of the planned spinoff from FedEx Corporation ( FDX ). Members of the FedEx Freight executive leadership team, led by incoming CEO John Smith, will outline the company's position as the largest North American less-than-truckload carrier and unique value proposition, compelling financial mo...
Sundry Photography FedEx Freight is hosting an Investor Day at the New York Stock Exchange on Wednesday ahead of the planned spinoff from FedEx Corporation ( FDX ). Members of the FedEx Freight executive leadership team, led by incoming CEO John Smith, will outline the company's position as the largest North American less-than-truckload carrier and unique value proposition, compelling financial model, and strategy to unlock future profitable growth. At the event, the company will outline strategic priorities that include optimizing the LTL-focused operating model, offering a differentiated commercial strategy that offers customers the flexibility to choose between superior transit times or more economic alternatives, advancing technology capabilities, and financial value creation by driving free cash flow durability and maintaining a disciplined approach to capital allocation. "As the largest pure-play LTL carrier in North America, we are combining our market-leading network scale, published transit times, and reliability with a differentiated service model to meet the evolving needs of our customers. Built on a culture of safety above all with 40,000 team members across North America, FedEx Freight is moving forward from a position of strength and a renewed focus and flexibility to build on our competitive advantages, accelerate our growth trajectory, and unlock our full potential," highlighted Smith. In terms of guidance, FedEx Freight expects medium-term revenue growth of 4% to 6% CAGR, adjusted operating income growth of 10% to 12% CAGR, and free cash flow conversion of over $1B. FedEx Freight is expected to spin off from FedEx on June 1, subject to final approval from the FedEx ( FDX ) board and other customary conditions. FedEx Freight common stock is expected to be listed on the New York Stock Exchange under the ticker symbol FDXF. Shares of FedEx ( FDX ) were up 2.8% in premarket action. More on FedEx FedEx: Premium Mix And Network Optimization Supporting Hi...
SpaceX has confidentially filed to go public, seeking to raise up to $75 billion at what has now grown to an estimated $2 trillion-plus valuation. The company, which includes its flagship rocket building and space exploration business, its low-Earth orbit satellite internet operations, the artificial intelligence (AI) lab xAI, and social media company X (formerly Twitter), is one of the most antic...
SpaceX has confidentially filed to go public, seeking to raise up to $75 billion at what has now grown to an estimated $2 trillion-plus valuation. The company, which includes its flagship rocket building and space exploration business, its low-Earth orbit satellite internet operations, the artificial intelligence (AI) lab xAI, and social media company X (formerly Twitter), is one of the most anticipated initial public offerings (IPOs) ever. But investors can gain exposure to the company before it makes its public debut. Perhaps one of the best ways to buy into SpaceX before its IPO is by investing in EchoStar (NASDAQ: SATS) . The satellite communications company now finds most of its value tied to its future stake in SpaceX, which means its stock price moves in line with expectations for SpaceX more than its core business operations. Investors may be anxious to get in on SpaceX before its IPO , but they may be better off waiting to take direct ownership of the stock. Continue reading
Futures for the Dow Jones Industrial Average and other major stock indexes soared ahead of Wednesday's trading session after President Donald Trump suspended Iran attacks for two weeks while Tehran agreed to open the Strait of Hormuz.
Futures for the Dow Jones Industrial Average and other major stock indexes soared ahead of Wednesday's trading session after President Donald Trump suspended Iran attacks for two weeks while Tehran agreed to open the Strait of Hormuz.
A fire breaks out at a building on Qinxian North Street in Taiyuan, Shanxi province, on the evening of March 28, 2026. Photo: CCTV News China is bringing new national scrutiny to fire-accident investigations, prioritizing preventative measures and demanding aggressive oversight of local probes to prevent municipal cover-ups, a senior official said April 8. Speaking at a joint briefing held by the ...
A fire breaks out at a building on Qinxian North Street in Taiyuan, Shanxi province, on the evening of March 28, 2026. Photo: CCTV News China is bringing new national scrutiny to fire-accident investigations, prioritizing preventative measures and demanding aggressive oversight of local probes to prevent municipal cover-ups, a senior official said April 8. Speaking at a joint briefing held by the Ministry of Emergency Management and the National Fire and Rescue Administration, Wang Tianrui, deputy director of the administration’s fire supervision department, outlined four new mechanisms. The overhaul is designed to leverage specialized expertise to push for systemic fixes and halt the country's cycle of recurring disasters.
Amrita Sen, founder and director of market intelligence at Energy Aspects, discusses tanker flows in and out of the Strait of Hormuz as the US and Iran announce a two-week ceasefire and explains why the global oil market is in for further demand destruction. (Source: Bloomberg)
Amrita Sen, founder and director of market intelligence at Energy Aspects, discusses tanker flows in and out of the Strait of Hormuz as the US and Iran announce a two-week ceasefire and explains why the global oil market is in for further demand destruction. (Source: Bloomberg)
Geneva, Switzerland, April 08, 2026 (GLOBE NEWSWIRE) -- Reaffirms FY 2026 Revenue Guidance, Projecting Year-Over-Year Growth of 50% to 100%, Underscoring Continued Business Momentum
Geneva, Switzerland, April 08, 2026 (GLOBE NEWSWIRE) -- Reaffirms FY 2026 Revenue Guidance, Projecting Year-Over-Year Growth of 50% to 100%, Underscoring Continued Business Momentum
The US and Japan have an ambition to transform the Philippines into a critical minerals powerhouse and cut their reliance on China as part of a broader economic partnership, but analysts warn that a lack of commitment by Manila to introduce comprehensive reforms and tackle corruption could hamper the goal. A report by the US-based think tank Centre for a New American Security (CNAS) said cooperati...
The US and Japan have an ambition to transform the Philippines into a critical minerals powerhouse and cut their reliance on China as part of a broader economic partnership, but analysts warn that a lack of commitment by Manila to introduce comprehensive reforms and tackle corruption could hamper the goal. A report by the US-based think tank Centre for a New American Security (CNAS) said cooperation between the three countries was central to leveraging the Philippines’ vast potential as a source...
Jetlinerimages/iStock via Getty Images The airline industry faces a fluid situation despite recent declines in crude oil prices, with the full impact of lower fuel costs likely taking months to materialize in earnings results, according to David Vernon, senior airlines research analyst at Bernstein. Vernon, speaking in an interview with CNBC, emphasized that while airline stocks may rally on the p...
Jetlinerimages/iStock via Getty Images The airline industry faces a fluid situation despite recent declines in crude oil prices, with the full impact of lower fuel costs likely taking months to materialize in earnings results, according to David Vernon, senior airlines research analyst at Bernstein. Vernon, speaking in an interview with CNBC, emphasized that while airline stocks may rally on the prospect of easing oil prices, investors should watch whether carriers can maintain their recent fare and fee increases as jet fuel costs normalize. “The crisis is still gonna move at the speed of an oil tanker,” Vernon said, noting that refined product shipments need time to reach Asian and European markets before fears of scarcity and higher prices can truly subside. The key question for airlines, he explained, is whether they can retain pricing power even as their costs decrease—a scenario that could accelerate earnings momentum. Regarding consumer demand, Vernon dismissed the notion that any airline could be fully insulated from economic pressures. Even Delta Air Lines ( DAL ), with its focus on premium travelers, must consider the broader impact on consumption across its product offerings. “As oil prices go up and business travel fares get higher, it’s likely to think that maybe some of the controls on business spending may actually kinda kick in a little bit as well,” he noted. However, Vernon highlighted Delta’s unique competitive advantages, particularly its Trainer refinery, which helps offset approximately one-third of the impact from higher crack spreads. The airline’s diversification into maintenance and repair operations, along with potential benefits from higher air freight rates in its cargo business, provides additional levers to manage cost pressures without passing the full burden to consumers. Looking ahead, Vernon indicated that TSA screening data across the country remains a key metric to watch as the industry monitors whether demand can stay resilient a...