Amazon launched a service that lets companies use its delivery network for shipping, storage, and faster logistics with AI support. FedEx and UPS shares fell amid fears of new competition.
Amazon will keep using USPS for most deliveries, sending over 1B packages yearly and supporting its finances and jobs.
FedEx (FDX) raised its full-year fiscal 2026 adjusted EPS guidance to $19.30–$20.10 and revenue growth forecast to 6.0%-6.5% after strong Q3 results. Adjusted earnings hit $5.25 per share, beating estimates.
FedEx surprises with stronger-than-expected Q3 earnings and unveils bold 2029 targets including $98B revenue and 8% margins. Focus on AI, high-profit areas, and efficiency drives optimism for investors.
Bernstein and Wells Fargo upgraded FedEx stock, citing better fundamentals, a freight spinoff, and strong earnings potential through 2029.
FedEx expects lower earnings after grounding MD-11 cargo planes, facing higher costs during the busy holiday shipping season.
