FedEx is a Memphis-based holding company providing transportation, ecommerce, and business services, employing 306,000 people. Its segments include FedEx Express, Ground, Freight, and Services, offering various shipping solutions.
FDX has been in the news recently: Amazon has entered into a multi-year agreement with FedEx to handle large package deliveries, which has resulted in a 7% increase in FedEx's stock shares. This partnership aims to enhance Amazon's logistics capabilities in conjunction with UPS and USPS.
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