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: MyPillow is facing a lawsuit from FedEx for nearly $9 million in unpaid delivery fees, following the company's decision to halt payments in 2024. Despite this legal issue, FedEx, along with USPS and UPS, will continue normal operations on Ash Wednesday, February 14, 2024.
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