FedEx driver questioned about hundreds of packages in woods
The recent discovery of hundreds of packages in a wooded area north of Alabama's most populous city have led authorities to question a FedEx driver, a sheriff said Monday. As many as 400 packages of varying sizes were found in a ravine last week about 30 miles (50 kilometers) north of Birmingham, authorities said. The discovery was made on private property near the small town of Hayden in Blount County, Sheriff Mark Moon said.news.yahoo.com
Volunteers load hundreds of Michigan Christmas trees for donation to military families through ‘Trees for Troops’
Volunteers quickly loaded over 350 trees onto two FedEx trucks at Wahmhoff Farms Nursery near Gobles Monday, Nov. 29, event organizer Betsy Wahmhoff-Perales said. This year, the donated trees came from Wahmhoff Farms, Badger County Christmas Trees, Armintrout’s Nursery and Old Grove Christmas Tree Farm. The organization was founded in 2005, and delivers donated Christmas trees to military families each holiday season. This year, the goal is to donate 14,500 trees to military families stationed at 77 military bases across the United States. Wahmhoff Farms Nursery provides crews to load the trees and a consistent location for the event to take place each year.mlive.com
Hundreds of FedEx packages found ditched in ravine before the holidays
Alabama authorities are trying to determine why several hundred packages were discovered in a ravine Wednesday evening. Deputies will stay with the packages until first light, he said, when trucks will arrive to collect them. “It’s not a very deep ravine, and they’ll be able to hand carry the boxes onto trucks,” Moon said. “It’ll be easier at first light.”Company employees believe they will be able to determine what happened once the packages are scanned. FedEx was on the scene Thursday morning, the sheriff’s office reported shortly after 7 a.m.Why the packages were dumped remained a mystery.mlive.com
US Sikh community traumatized by yet another mass shooting
Members of the Sikh community are feeling a collective trauma over the mass shooting in Indianapolis that killed eight people, including four Sikhs, and say more needs to be done to combat the bigotry, bias and violence they have suffered for decades in America.
Indiana's red flag law did not stop FedEx gunman who killed eight people at Indianapolis facility
There are growing questions about how the gunman in the deadly shooting at a FedEx facility in Indianapolis was able to legally buy two assault-style weapons. Nikki Battiste spoke with Indianapolis Deputy Police Chief Craig McCartt, who said Brandon Hole was questioned by the FBI last year after his mother told investigators he may try to commit suicide by cop.cbsnews.com
Gunman legally purchased 2 rifles used in mass shooting at Indianapolis FedEx facility
Authorities say a shooting suspect legally purchased the two rifles he used in a rampage at a FedEx facility, even though police seized a shotgun from his home a few months earlier. Nikki Battiste reports.cbsnews.com
Four Sikhs among victims of Indianapolis mass shooting
Amarjit Sekhon, a 48-year-old mother of two sons, was the breadwinner of her family and one of many members of Indianapolis' tight knit Sikh community. She died in a mass shooting that claimed the lives of seven other FedEx employees - four of them Sikhs.cbsnews.com
Police identify man suspected of killing 8 people in an Indianapolis FedEx facility
Police say the gunman who killed 8 people at an Indianapolis FedEx facility is 19-year-old Brandon Hole. Investigators say Hole formerly worked at the facility, but they have not announced a motive. CBS News correspondent Nikki Battiste has the latest on the investigation.cbsnews.com
Investigation underway in Indianapolis mass shooting
Eight people are dead and several others injured after a gunman opened fire at a FedEx facility late Thursday night, the latest in a string of shootings in the U.S. this year. Charlie De Mar from our CBS station in Chicago joined CBSN to discuss how the community is reacting and what we know so far.cbsnews.com
Eye Opener: Eight people killed at FedEx facility in Indianapolis
Police say at least eight people were shot and killed at a FedEx facility in Indianapolis. They said the suspected gunman killed himself. Also, the first court hearing was held for the Minnesota police officer charged in the deadly shooting of Daunte Wright, as demonstrators were out for a fifth straight night. All that and all that matters in today's Eye Opener. Your world in 90 seconds.cbsnews.com
Gunman who opened fire at Indianapolis FedEx facility likely used rifle, official says
At least eight people are dead and more are injured after a gunman opened fire at a FedEx facility late Thursday night in Indianapolis. Police say it appears the killer also took his own life. Craig McCartt, Indianapolis deputy chief of criminal investigations, joins "CBS This Morning" to discuss the developments.cbsnews.com
At least 8 killed at FedEx facility in Indianapolis
At least eight people were killed at a FedEx facility in Indianapolis. At least four people were hospitalized, including one person with critical injuries. Two others were treated at the scene and released. Police say the suspected gunman killed himself.cbsnews.com
Reports: Multiple people shot at Indianapolis Fedex facility
INDIANAPOLIS (AP) — Multiple people were shot at a Fedex facility in Indianapolis late Thursday, and the suspected gunman killed himself, police said. UPDATE: 8 killed at Fedex facility near Indianapolis airportWhen police arrived, officers observed an active shooting scene at the facility, Indianapolis police spokesperson Genae Cook told reporters early Friday. “We are aware of the tragic shooting at our FedEx Ground facility near the Indianapolis airport. A witness who said he works at the facility told WISH-TV that he saw a man with a gun after hearing several gunshots. Another man told WTTV that his niece was sitting in her car in the driver’s seat when the gunfire erupted, and she was wounded.mlive.com
FedEx is named top pick at Barclays, but another transports stock looks set to break out, trader says
Shares of the shipping giant closed half of 1% higher on Wednesday after Barclays named the stock its top pick among the transports. FedEx reported a 23% year-over-year revenue increase in its fiscal third-quarter earnings release last week, with Chief Financial Officer Michael Lenz citing an "unprecedented" holiday shopping surge. JC O'Hara, chief market technician at MKM Partners, said that while transports stocks such as FedEx "have been the backbone" to the economic recovery, his favorite was XPO Logistics. "I like this transportation company because the longer-term chart is extremely bullish. It broke out last December, consolidated over the last three months, and it has pulled back to buyable levels at $115."cnbc.com
Wall Street closing lower; bank stocks fall
Stocks were moving lower in the first hour of trading Friday, March 19, as bond yields continued to rise. Bank stocks fell after the Federal Reserve announced it would end some of its emergency measures put into place for the industry last year to help deal with the pandemic. The Dow Jones Industrial Average fell 234.33 points, or 0.7%, to 32,627.97, pulled lower by financial companies. Smaller company stocks also notched gains. Big bank stocks were particularly hurt, since the Fed's measures mostly apply to the nation's largest banks.
EXPLAINER: How have storms affected COVID-19 vaccinations?
People wait in line for the opening of a 24-hour, walk-up COVID-19 vaccination clinic hosted by the Black Doctors COVID-19 Consortium at Temple University's Liacouras Center in Philadelphia, Friday, Feb. 19, 2021. Meanwhile, several states have complained about vaccination delays and have had to cancel appointments. Drug wholesaler McKesson, chosen by the federal government to distribute most COVID-19 vaccines, is handling shipments to hospitals and other medical providers. Moderna’s vaccine is shipped frozen, at minus 13 degrees Fahrenheit to 5 degrees Fahrenheit (minus 25 to minus 15 degrees Celsius). In Tennessee, the state’s health agency said distributors have been unable to pack and ship the COVID-19 vaccine this week due to the winter weather.
FedEx to cut up to 6,300 jobs in Europe over next 18 months
FedEx plans to cut up to 6,300 jobs in Europe after its acquisition of TNT Express. FedEx said Tuesday, Jan. 19, 2021, that the cuts will take place over 18 months and include express-delivery operations and back-office employees of TNT across the continent. (AP Photo/Wilfredo Lee)MEMPHIS, Tenn. – FedEx plans to cut up to 6,300 jobs in Europe as it completes the process of combining its own operation with that of a Dutch delivery company it bought in 2016. FedEx plans to downgrade an air-service hub in Liege, Belgium, to make Paris its sole primary hub. FedEx said Tuesday that it has successfully integrated FedEx and TNT information-technology systems and key parts of the air and ground networks.
Snow continues to fall on Northeast US, with vaccines in tow
A woman waits for a Long Island Rail Road train in the Queens borough of New York as snow falls at the start of an oncoming snow storm, Wednesday, Dec. 16, 2020. (AP Photo/Frank Franklin II)NEW YORK – Snow continued to fall Thursday during a key period in the coronavirus pandemic, days after the start of the U.S. vaccination campaign and in the thick of a virus surge that has throngs of people seeking tests daily. Snow fell from northern Virginia to parts of New England on Wednesday. But we are on it and following it,” he told Fox News Channel’s “Fox & Friends.”The need for vaccines prompted New Jersey Gov. The National Weather Service reported that parts of Centre County were hit with as much as 13 inches (33 centimeters) of snow by Wednesday night.
'If not one thing, it's another': Storm rolls into Northeast
A woman waits for a Long Island Rail Road train in the Queens borough of New York as snow falls at the start of an oncoming snow storm, Wednesday, Dec. 16, 2020. Snow was falling from northern Virginia to points north of New York City by late afternoon. “Our theme today ought to be, ‘If it’s not one thing, it’s another,’” New Jersey Gov. Phil Murphy said as he gave residents storm guidance that's new this year — mask up if you help your neighbors shovel. In New York City, officials braced for the biggest storm in about three years.
Holiday shipping: Here are dates to ensure your packages arrive in time
The United States Postal Service expects shipping traffic to increase the week of Dec. 7 and predicts the week of Dec. 14 to be the busiest for mailing, shipping and delivery. Links for shipping deadlines:Fedex is dubbing the holiday season “Shipathon,” saying the company will be up 22%. To help meet holiday deadlines, USPS is keeping some area post offices open for extended hours the next two Saturdays. To enjoy these fast and free shipping benefits (plus so much more), customers can sign-up for a 30-day free trial of Prime at www.amazon.com/prime. To read more about Amazon’s Holiday Shipping, Delivery, Pickups and Returns options visit the Day One blog at: www.amazon.com/holidaydelivery.
How Macomb County prepared for its first vaccine shipment
Wayne County is holding a meeting Monday morning to discuss what’s next and Macomb County is expected to receive about 2,000 doses. In November, Macomb County received its first freezer capable of keeping the vaccine stable until ready to thaw. Macomb County will also be storing and distributing for counties north of it -- Lapeer, St. Clair and Sanilac counties. Despite having some of the highest total confirmed cases of coronavirus in Michigan, Macomb County has one of the lowest growth rates in the state. Macomb County officials are expecting its delivery of the vaccine midweek.
Beaumont, Henry Ford, Ascension hospitals prepare to administer vaccines to staff
Michigan healthcare officials will start distributing the vaccine to frontline workers. Ascension Hospital in Warren and five hospitals in the Henry Ford Health System will be able to store the vaccines in super cold freezers once they arrive. Henry Ford Health System CCO Dr. Adnan Munkarah said the they will be storing the vaccines at its hospitals in Detroit, Wyandotte, Macomb, West Bloomfield and Jackson. They have about 11,000 frontline workers who need vaccines, so a lottery system was set up and the first 1,000 workers know who they are. Frontline workers are asking for all the help they can get to keep that number down.
US says COVID-19 vaccine to start arriving in states Monday
DETROIT – U.S. officials say the nation’s first COVID-19 vaccine will begin arriving in states Monday morning. On Friday, the United States granted an emergency use authorization for the Pfizer COVID-19 vaccine. According to CNN, Pfizer has told reporters covering its rollout that it expects the first shipments of its COVID-19 vaccine to leave the Michigan facility Sunday morning. On Saturday, the US Food and Drug Administration held a press conference on the first COVID-19 vaccine authorization. New COVID-19 cases are slowing but deaths continue to rise in Michigan.
FDA authorizes Pfizer’s COVID vaccine; Michigan will distribute in 4 phases
On Friday, the United States granted an emergency use authorization for the Pfizer COVID-19 vaccine. With the authorization, the vaccine will ship via FedEx and UPS, with the two carriers splitting the country in half. In Michigan, it will be UPS rolling out of Pfizer’s Portage cold farm with 85,000 vials slated for the state. In Michigan, a state built on hard work and innovation, a safe and effective COVID-19 vaccine will be manufactured by Michigan workers at a Michigan business. My administration, led by Dr. Joneigh Khaldun, is developing a plan to distribute the vaccine, with a focus on our most vulnerable populations.
2.9 million COVID vaccine doses to ship out of Pfizer plants in Michigan, Wisconsin
Drug company Pfizer says it can ship nearly three million doses of its coronavirus vaccine right away across the U.S., with most of the doses coming from two plants in the Midwest. Vaccine doses are slated to be loaded onto trucks within hours at Pfizer’s plant in Portage, Michigan -- just outside of Kalamazoo -- and a center in Pleasant Prairie, Wisconsin. At the directive of the the U.S. Military, FedEx and UPS will help deliver coronavirus vaccines throughout the country. In Michigan, UPS will be delivering the state’s 85,000 vaccines from the Pfizer cold farm in Portage. The first vials will be loaded onto cargo planes and trucks in extremely cold conditions, likely right alongside holiday gifts.
Postal Service addresses major mail delays in Clinton Township
CLINTON TOWNSHIP, Mich. – Residents in one Clinton Township neighborhood have gone days -- sometimes even a week -- without mail delivery. Postal Service in Detroit, and while she didn’t want to elaborate on camera about specific problems, Local 4 did receive a written statement. We apologize for any inconvenience that may have been experienced by customers living in the Clinton Township community. Local management is working with customers to resolve their concerns. Postal ServiceResidents told Local 4 that mail, as of Thursday, had resumed being delivered.
SHIPPING DEADLINES: Send your gifts by these dates to make sure they arrive for the holidays
[MORE: These 3 apps will help you find the best holiday shopping deals, experts say | Doing a little online shopping? If you’re shipping gifts you want to arrive in time for Christmas, here are some recommended send-by dates for expected delivery by Dec. 25:USPS (excluding Alaska and Hawaii)Domestic Mail Class/Product Send-by Date USPS Retail Ground Service Dec. 15 First-Class Mail Service Dec. 18 Priority Mail Service Dec. 19 Priority Mail Express Service Dec. 23Click here for USPS holiday shipping dates for Alaska and Hawaii, military bases and overseas addresses. UPSShipping Option Send-by Date UPS Ground Dec. 15 UPS 3 Day Select Dec. 21 UPS 2nd Day Air Dec. 22 UPS Next Day Air Dec. 23Click here for more details on UPS holiday shipping. FedEx (U.S. to U.S.)Shipping Option Send-by Date FedEx SmartPost (certain exceptions apply) Dec. 9 FedEx Home Delivery Dec. 15 FedEx Ground Dec. 15 FedEx Express Saver Dec. 21 FedEx 3 Day Freight Dec. 21 FedEx 2 Day Dec. 22 FedEx 2 Day A.M. Dec. 22 FedEx 2 Day Freight Dec. 22 FedEx 1 Day Freight Dec. 23 FedEx Extra Hours Dec. 23 FedEx Standard Overnight Dec. 23 FedEx Priority Overnight Dec. 23 FedEx First Overnight Dec. 23 FedEx SameDay Dec. 25 FedEx SameDay City Priority Dec. 25 FedEx SameDay City Direct Dec. 25Click here to see last-day-to-ship dates if you’re planning to send gifts to Puerto Rico, Canada, Mexico or other destinations. AmazonAmazon has not released its 2020 holiday shipping calendar, but last year, the company recommended buyers send products no later than Dec. 22 or Dec. 23 for a Dec. 25 arrival.
Guide: Deadlines to ship your packages so they arrive before Christmas 2020
To make sure your gifts arrive before Christmas, follow the holiday shipping deadlines for the U.S. USPS holiday shipping deadlinesThe USPS recommends shipping your packages by the following dates if you want them to arrive before December 25. FedEx holiday shipping deadlinesFedEx recommends shipping your packages by the following dates if you want them to arrive before December 25. UPS holiday shipping deadlinesUPS recommends shipping your packages by the following dates if you want them to arrive before December 25. Amazon holiday shipping deadlines will vary depending on where you live, what you’re ordering and if you’re a Prime member.
FedEx's profit jumps as business deliveries improved
NEW YORK – FedEx's profit jumped 67% in its latest quarter, as online shopping remained popular among customers avoiding stores and shipments between businesses improved. The delivery giant reported Tuesday that it earned $1.25 billion during the three months that ended Aug. 31, FedEx's fiscal first quarter. Many people are shopping online during the pandemic, which is helping some delivery companies. But delivery to homes is less profitable than those between businesses, and business deliveries slowed as the pandemic dragged on and some establishments remained shuttered. “While business demand improved in the first quarter, continued uncertainties cloud our ability to forecast full-year earnings,” said Alan B. Graf, Jr., FedEx's chief financial officer.
Brendon Todd takes 2-stroke lead with 65 at WGC in Memphis
Todd trailed defending champion Brooks Koepka after the first round by two strokes. Rickie Fowler closed with birdies on his final two holes for a 67 and 131 total just behind Todd. Koepka had the lead to himself at 10 under before falling apart on his back nine with a double bogey and two bogeys. Todd won back-to-back tournaments last November for his first win on tour since winning the Byron Nelson in 2014. That put Todd atop the leaderboard at 9 under, and his putter helped him birdie consecutive holes including the big putt on No.
Koepka matches career best round for lead at WGC in Memphis
The defending champ matched his career best with an 8-under 62 to take a two-stroke lead over Rickie Fowler and Brendon Todd after the first round of the FedEx St. Jude Invitational. Then Fowler two-putted for bogey after putting his tee shot in the left rough on his final hole to finish at 64. He hit his tee shot on the par-3 No. ... Tee times for the second round were moved to Friday morning to avoid predicted thunderstorms. ... With no fans allowed at an event that has benefited St. Jude Childrens Research Hospital since 1970, St. Jude had to get creative to raise both money and attention for a hospital that never bills its patients.
Reports: Washington to shed 'Redskins' name Monday
FILE - In this Dec. 22, 2019, file photo, the Washington Redskins logo is seen on FedEx Field prior to an NFL football game between the New York Giants and the Redskins in Landover, Md. Washington state Attorney General Bob Ferguson says Seattle-based Amazon will begin pulling Redskins team merchandise from its online marketplace. (AP Photo/Mark Tenally, File)ASHBURN, Va. Washingtons NFL team will get rid of the name Redskins on Monday, according to multiple reports. USA Today, ESPN, The Washington Post, Washington Times and Sports Business Journal reported Sunday night that owner Dan Snyder is set to retire the name. That came in the aftermath of prominent sponsors FedEx, Nike, PepsiCo and Bank of America asking the team to change the name.
Delivery problems continue at Oak Park FedEx facility
OAK PARK, Mich. Delivery problems across Metro Detroit are ongoing. Many customers have waiting for days -- or even weeks -- to get their packages from FedEx and an Oak Park facility seems to be at fault. ORIGINAL STORY: Oak Park FedEx facility struggles to mail out packages, residents sayLocal 4 started looking into the problem at the Oak Park FedEx facility in mid-June. A resident of Roseville said he purchased a new bed weeks ago and it has yet to have been delivered. RELATED: Oak Park FedEx taking steps to fix package delivery issueSo, what can you do?
Trump criticizes Redskins, Indians for weighing name changes
FILE - In this Aug. 28, 2009 file photo, the Washington Redskins logo is shown on the field before the start of a preseason NFL football game against the New England Patriots in Landover, Md. The Washington Redskins are undergoing what the team calls a thorough review of the nickname. FedEx on Thursday called for the team to change its name, and Nike appeared to remove all Redskins gear from its online store. Hours later, the Indians Major League Baseball team announced that they, too, will review their long-debated name. Trump had tweeted in 2013 that then-President Barack Obama should not be telling the Washington Redskins to change their name because our country has far bigger problems!
Native American groups ask NFL to force Redskins name change
WASHINGTON Several Native American leaders and organizations sent a letter to NFL Commissioner Roger Goodell on Monday calling for the league to force Redskins owner Dan Snyder to change the team name immediately. The letter obtained by The Associated Press is signed by 15 Native American advocates. It demands the team and the NFL cease the use of Native American names, imagery and logos with specific importance put on Washington, which last week launched a thorough review of its name. Last week, sponsors FedEx, PepsiCo, Nike and Bank of America said they requested the change, and several online stores removed the team's gear. That conversation renewed calls for Snyder to change the name called a dictionary defined racial slur by Native American advocates and experts.
Redskins undergoing 'thorough review' of team name
WASHINGTON The Washington Redskins are undergoing a thorough review of their nickname. The team said Friday it has been talking to the NFL for weeks about the subject. In a statement, the team said recent events around the U.S. and feedback from the community prompted the formal review. FedEx, the title sponsor of the Redskins' stadium in Landover, Maryland, said Thursday, We have communicated to the team in Washington our request that they change the team name. On Thursday night, Nike appeared to remove all Redskins gear from its online store. Washington mayor Muriel Bowser said recently the name was an obstacle to the team building a stadium in the District.
Sponsor FedEx asks Redskins to change their name
WASHINGTON The title sponsor of the Washington Redskins stadium wants the NFL team to change its name. We have communicated to the team in Washington our request that they change the team name, FedEx said in a statement Thursday. The company paid the team $205 million in 1999 for the naming rights to FedEx Field in Landover, Maryland. Investors this week wrote to FedEx, PepsiCo and other sponsors asking them to request a change. The team's lease at FedEx Field expires in 2027, and it is still talking to Washington, Virginia and Maryland about building a new stadium.
Oak Park FedEx taking steps to fix package delivery issue
OAK PARK, Mich. Theres a growing frustration among Metro Detroiters who have seen seeing their online orders left in limbo. People claim a FedEx distribution center in Oak Park has their packages trapped inside the building. Some said they have waited weeks for their delivery. ORIGINAL STORY: Oak Park FedEx facility struggles to mail out packages, residents sayThe OakPark FedEx location is now becoming filled with angry consumers -- people who say their items are stuck inside. Those steps include:More package handlersMore driversDiverting packages to other FedEx locationsImproving communication with customersRELATED: Scam text message claims to have FedEx, Amazon delivery infoSo, what can you do?
Oak Park FedEx facility struggles to mail out packages, residents say
OAK PARK, Mich. Many Metro Detroiters who ordered items weeks -- and even months -- ago are still waiting for their FedEx deliveries. Those who have had problems getting their packages claim one local FedEx facility is not able to keep up. RELATED: Scam text message claims to have FedEx, Amazon delivery infoFrustration over FedExs Oak Park office has been growing. Social media is filled with hundreds of message from people who said the items theyve ordered are being held hostage. Residents said theyve tried to get answers on what has been holding things up and were asked to leave the facility.
Want your package to arrive by Christmas 2019? A guide to all your shipping deadlines
Postal ServiceDec. 14: USPS Retail Ground shipments ✅Dec. 18: Alaska to mainland First-Class Mail ✅Dec. 19: Hawaii to mainland First-Class Mail and Priority Mail, also Alaska Priority Mail ✅*There’s still time for dates below! Dec. 20: First-Class Mail ServiceDec. 21: Priority Mail; Also deadline for Alaska and Hawaii to the mainland through Priority Mail ExpressDec. 23: Priority Mail ExpressTrying to send something overseas or to a member of the military? Click or tap here to check out the guide we followed from USPS, and to learn more about your mailing specifics and guidelines. FedExDec. 9: SmartPost ✅Dec. 16: Ground and home delivery ✅Dec. 19: Express Saver ✅*There’s still time for the dates below! As for Amazon deadlines, you’re likely looking at Dec. 22 or Dec. 23, depending on if you’re a Prime member, where you live and what you’re ordering.
Package stopped en route to scammer but $9,000 missing when it's returned to Michigan woman
LIVINGSTON COUNTY, Mich. - A 76-year-old lost $9,000 after falling victim to a manipulating scam phone call on Sept. 20. He said, 'Yeah, you're right.'" Barnard said she went to the bank, took out the money and followed the directions the scammer had given her. Put the money in a box and take it to the FedEx store," Barnard said the scammer told her. The package was returned to Michigan, but Barnard said the money wasn't inside the package.
Tips to Avoid Opening the Door to Fake Delivery People: Today on Inside Edition
Video shows a man posing as a FedEx worker tie a New York family up after gaining access to their house, robbing them of $130,000 worth of cash and jewelry. Here are some tips to make sure the person you're opening the door to is the real deal. The former cop accused of shooting a man in his own apartment testified in her defense. And a man who nearly died while hang-gliding takes a stab at it again. For more Inside Edition stories tune in to today's show.
America's CFOs brace for a recession prior to the 2020 election
Trade war jittersNot only is the trade war increasing uncertainty, but the tit-for-tat battle has deepened the global manufacturing slowdown. The Duke survey has consistently pointed to 2020 as the year when a recession could strike. However, that 2020 recession call has fallen to about about two-thirds during the past two surveys. The Duke survey, which also questions CFOs outside the United States, found that pessimism isn't just an American problem. Eighty-one percent of CFOs in Africa expect a recession will begin in their countries by the third quarter of 2020.
It's decision time for the US Federal Reserve
1914: The Federal Reserve Bank of the United States officially opens. The new central bank, and its 12 regional banks, was intended to serve as a formal "lender of last resort" to banks during panics when depositors try to withdraw theirWASHINGTON, D.C. - Just about everyone predicted the Federal Reserve would cut interest rates on Wednesday. Translation: Investors are split on whether the Fed will cut rates. Political concerns: President Donald Trump has put the central bank under immense pressure to cut rates. A crack in the financial marketsThe New York Federal Reserve is running a special operation aimed at reducing short-term interest rates and easing stress in financial markets.
FedEx will no longer offer ground delivery to Amazon
FedEx will end its ground delivery contract with Amazon. For years, Amazon has used FedEx's ground delivery service to help shuttle online orders to consumers. But Amazon is also rapidly bolstering its own delivery network, agitating established logistics businesses. Over the past couple of years, Amazon's moves are often met in lock step by FedEx: Amazon expanded its warehouse center, and FedEx debuted FedEx Fulfillment. Amazon announced single-day delivery, and FedEx said it would speed things up with seven-day shipping.
Chinese officials suspect FedEx held back over 100 Huawei packages
BEIJING - Chinese authorities suspect FedEx of holding back more than 100 packages that tech company Huawei was trying to deliver to China, state media reported Friday. Regulators in China concluded that FedEx committed "violations" when it diverted Huawei parcels, according to state news agency Xinhua. The Chinese government opened an investigation nearly two months ago after Huawei said FedEx diverted to the United States packages intended for the company's offices in China. Huawei has said that FedEx attempted to divert another two packages that it intended to be shipped from Vietnam to other Huawei offices in Asia. When details about the initial diverted packages first emerged, Huawei welcomed FedEx's apology but said it suspected that the diversion was intentional.
FedEx testing robots that will deliver goods from Walmart, Target and Pizza Hut
On Wednesday, FedEx introduced SameDay Bot, a 200-pound autonomous delivery robot developed by DEKA Development & Research Corp., according to USA Today. FedEx is partnering with AutoZone, Lowe's, Pizza Hut, Target, Walgreens and Walmart so they can help make same-day, "last-mile" deliveries to local customers. Currently, FedEx offers same-day delivery service in 32 markets and 1,900 cities using FedEx employees, but the new robot would be able to deliver to customers who live in close proximity to a FedEx store. Amazon is already testing a robot called the Amazon Scout, which looks like a cooler with six wheels. These delivery robots also can't deliver packages that need a signature, so there is that, too.