Tag Archives: FedEx

Autonomous vehicle company Aurora recently launched a partnership with FedEx (FDX) to test the use of self-driving trucks to ship goods between Dallas and Houston. The project features an operator in the truck to oversee the system in its initial stage, though Aurora plans to launch a driverless version of the experiment within the next two years.The trucks will travel a route measuring almost 500-miles to help FedEx deliver packages across the state of Texas. Aurora looks to help ease the… Source link

Do a read through of the disappointing earnings report out of FedEx on Tuesday night and you get the sense non-farm payrolls reports for the rest of 2021 may surprise economists to the downside.  The problem (one that may be getting worse, per FedEx)? Finding humans to accept jobs in a very tight labor market even at higher rates than what the specific job would have paid months ago.  “The impact of constrained labor markets remains the biggest issue facing our business as with many other… Source link

The futures traded lower Tuesday morning after a big start to the trading week on Monday, with all three major indexes and the Russell 2000 closing at all-time highs. Investors are cheering the possibility for a big stimulus package becoming a reality, and fourth-quarter earnings have been coming in very strong. Top analysts on Wall Street are still pointing to “bubble” metrics, like the massive retail stock and option trading and huge hedge fund leverage as examples. Many are… Source link

Investing February 9, 2021 8:56 am Last Updated: February 9, 2021 9:05 am The futures traded lower Tuesday morning after a big start to the trading week on Monday, with all three major indexes and the Russell 2000 closing at all-time highs. Investors are cheering the possibility for a big stimulus package becoming a reality, and fourth-quarter earnings have been coming in very strong. Top… Source link