Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  FedEx Corporation    FDX

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

FedEx Corporation : FedEx In Talks To Buy French Express Shipping Firm Tatex

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/17/2012 | 04:39pm CEST

FedEx Corp. (FDX) is in talks to potentially acquire Tat Express, a French express-transportation company, as it looks to further its European expansion plans.

Tatex, founded in 1976, has more than 1,000 employees and carries more than 19 million parcels a year, representing an annual turnover of about EUR150 million ($196.6 million).

Express shipper FedEx agreed earlier this month to acquire Opek Sp.z o.o., a privately held Polish shipping company.

The moves come as rival United Parcel Service Inc. (UPS) reached a blockbuster $6.8 billion deal last month for Dutch shipper TNT Express as it sought to strengthen its European operations. Analysts at the time said the bid was a "strategic block" that took away FedEx's most likely entry into the European ground market.

Last month, FedEx said it was reducing capacity in its U.S. domestic express business, where volume slumped 4% in its fiscal third quarter ended Feb. 29. FedEx was slightly more upbeat regarding its international express business, saying metrics have been improving. Volume slumped 1% in FedEx's international priority shipping, although international domestic volume climbed 51%, boosted significantly by recent acquisitions.

-By Melodie Warner, Dow Jones Newswires; 212-416-2283; [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on FEDEX CORPORATION
03:02p FEDEX : Extends Official Sponsorship of National Football League
04/25 FEDEX : Awards $120,500 in its Fifth Annual Small Business Grant Contest
04/25 FEDEX : Special Notice - DRAFT Request for Proposal (RFP) and Pre-Solicitation C..
04/24 FEDEX : Team Members Get the Dirt on Spring Cleaning
04/24 FEDEX : FexEx growth may help cargo business at Indianapolis airport
04/24 FEDEX : Survivor of 2014 Kennesaw FedEx shooting out of the hospital
04/22 FEDEX : The San Francisco Labor Law Lawyers at Blumenthal, Nordrehaug & Bhowmik ..
04/21 FEDEX : Sustainability Advocate Jason Mathers Demonstrates Sustainability is Goo..
04/21 FEDEX : Express wins express logistics company of the year
04/21 FEDEX : Notice of Request for Applications for Appointment to the National Emerg..
More news
Sector news : Air Freight & Logistics - NEC
04/21 DEUTSCHE POST : seeks buyer for UK subsidiary Williams Lea - source
04/21 Japan Inc braces for labor reform, plans to boost productivity -Reuters poll
04/08 Italy to confirm GDP forecast, revive privatisations in new plan
03/25DJUNITED PARCEL SERVICE : Judge Rules UPS Improperly Shipped Untaxed Cigarettes In..
03/22 FedEx misses on earnings, but sees higher margins ahead
More sector news : Air Freight & Logistics - NEC
News from SeekingAlpha
04/25 Ford's Slide Drives The Bulls Mad, But They'll Likely Have The Last Laugh
04/24 FFJ PORTFOLIO UPDATE : YTD Changes And Forthcoming Changes
04/24 Kuehne & Nagel Logs Solid Revenue Growth Despite Weaker Margins - Industry In..
04/23 Transports Week In Review - Volatility At Its Best As Transports Charge Ahead
04/20 MY 75 STOCK MARCH 2017 PORTFOLIO UPD : New Dividend Record And Buying Altria And..
Advertisement
Financials ($)
Sales 2017 60 129 M
EBIT 2017 5 387 M
Net income 2017 3 028 M
Debt 2017 10 656 M
Yield 2017 0,89%
P/E ratio 2017 17,04
P/E ratio 2018 14,22
EV / Sales 2017 1,02x
EV / Sales 2018 0,97x
Capitalization 50 526 M
More Financials
Chart FEDEX CORPORATION
Duration : Period :
FedEx Corporation Technical Analysis Chart | FDX | US31428X1063 | 4-Traders
Full-screen chart
Technical analysis trends FEDEX CORPORATION
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 219 $
Spread / Average Target 16%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Frederick Wallace Smith Chairman & Chief Executive Officer
David J. Bronczek President & Chief Operating Officer
Alan B. Graf Chief Financial Officer & Executive Vice President
Rob B. Carter Chief Information Officer
James L. Barksdale Independent Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
FEDEX CORPORATION1.49%50 526
UNITED PARCEL SERVICE,..-6.69%93 328
DEUTSCHE POST AG2.88%43 648
EXPEDITORS INTERNATION..8.16%10 354
YAMATO HOLDINGS CO., L..2.32%8 973
ROYAL MAIL PLC-9.69%5 356
More Results