Industry News

FedEx (FDX) has been in focus after its board affirmed a quarterly cash dividend of $1.22 per share and highlighted a US$400m commitment to new air cargo hubs in Delhi and Mumbai. FedEx shares closed at US$335.99 and have gained 8.11% on a 1 month share price return basis, although the 90 day share price return is down 18.33%. The 1 year total shareholder return of 83.18% and 5 year total shareholder return of 73.20% point to stronger longer term momentum. Scan for other logistics and...