FedEx to Begin Delivering Seven Days a Week

(Bloomberg) -- FedEx Corp., under pressure to handle surging volume from online commerce, plans to deliver seven days a week in the U.S. year-round and boost its ability to handle larger packages.

• The Ground unit will move to seven-day deliveries by January 2020, following a September announcement beginning six-day service. The courier already had delivered on seven days during the holiday season, the Memphis, Tennessee-based company said in a statement Thursday.

Key Insights

Market Reaction

• The shares rose less than 1% to $160.98 at 9:40 a.m. in New York. FedEx declined 1.1% this year through Wednesday, while the S&P 500 advanced 11%.

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