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FedEx TipRanks · Jul 16, 2026
Want to see FDX full AI Analyst Report? FedEx's next earnings date is estimated for October 28, 2026, based on past reporting schedules. No earnings call summary is available for this earnings event.
Amazon is cutting 494 jobs at its Port St. Lucie facility, adding to 616 layoffs in Homestead. The company is renovating and plans to reopen in 2028. Many gather in Fort Pierce for annual Unity in Our Community eventCheck out Stuart's Sailfish ParkFlorida's 39th annual Florida Cracker Trail Ride to Fort PierceSt.
For investors, it matters because companies using digital twins can cut maintenance costs, speed product development, prevent downtime and create ongoing software or services revenue—think of it like a flight simulator or virtual test lab that helps a business spot problems and improve performance before they happen. Industrial net absorption turned positive in the second quarter of 2026, reaching nearly 6 million square feet, its strongest reading in more than three years, while 12-month net absorption returned to positive territory after bottoming out at 23 million square feet in 2024. Defence-linked demand reached nearly 1 million square feet in the first half, helped by the Ministry of Defence’s 545,000-square-foot facility at Panattoni Park Swindon.
If the Holbrook development is built, it would be among more than 100 sortable fulfillment centers in the United States, including two upstate — in Syracuse and Rochester — but would be the first on Long Island, Griggs said. Amazon will buy the land from Scannell if its development proposal is approved by the Town of Islip and other government entities, Griggs said. Among Amazon’s nine sites on Long Island are six delivery stations, which are last-mile distribution centers, one of which is in Holbrook, at 717 Broadway Ave., near the site where Amazon wants to build its new complex.
The rapper also released a collection of merchandise to accompany his ambitious music launch, turning to his Amazon ‘warehouse’ as the home for the exclusive merch. The latest products at Drake’s Amazon Warehouse center on Iceman, alongside pieces inspired by Habibti and Maid of Honour. The Amazon-exclusive shirt has a pullover design, is machine washable and is available in sizes S through 3XL.
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Managers still make staffing decisions, the spokesperson added, while the software system provides "better information" and is being refined based on testing and employee feedback before any broader rollout. Still, the documents and internal communications reviewed by Business Insider suggest a deeper disagreement over who should make staffing decisions inside Amazon's warehouses. Some managers often wanted to keep more workers assigned to their areas to maintain productivity or because they believed operations required more staffing than the software recommended, according to Slack messages from inside Amazon that were obtained by Business Insider.