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FedEx Corp. cut the top end of its full-year profit outlook and reported quarterly earnings below expectations on softer demand for package deliveries.

FedEx and UPS warned of potential delays in package deliveries as the couriers grapple with the impact of a massive IT failure that is upending markets and crippling companies globally.

FedEx Corp. forecast profit above Wall Street’s expectations and said it would buy back $2.5 billion of its stock over the next year.

FedEx Corp. plans to cut as many as 2,000 jobs in Europe, the latest move by the package delivery giant to streamline its global workforce and rein in costs.

PAVILION TOWNSHIP, Mich. — Two reported tornadoes struck a Michigan city and the surrounding area May 7, destroying homes and commercial buildings, including a FedEx facility.

FedEx Corp. plans to buy back $5 billion of its shares as cost-cutting efforts have helped boost the courier’s profits as fiscal third-quarter earnings beat expectations.

Although there are signs of progress, the largest delivery companies have scaled back climate pledges and the industry isn’t keeping pace with climbing emissions from a global demand surge.

Estes Express Lines was the high spender in the latest round of bidding for freight terminals owned or leased by bankrupt less-than-truckload carrier Yellow Corp., court documents show.

FedEx Corp. reported it missed analyst expectations for income and revenue when the package delivery giant announced second-quarter fiscal 2024 earnings Dec. 19.

Reliable Robotics Corp. has flown a small cargo plane on loan from FedEx Corp. without a human on board, a step toward the autonomous flight startup winning regulatory approval.