- FedEx Corporation (NYSE:FDX) reportedly said customers might have to bear package delivery delays as winter storm gripped the country.
- The company went through disruptions at its Memphis and Indianapolis hubs, Reuters reported.
- A powerful Arctic winter storm has placed millions of people under weekend weather alerts ahead of the year’s busiest travel days.
- Also Read: Powerful Winter Storm Gushes Out Holiday Plans For Several Americans
- Also, major airports have canceled thousands of flights as the storm intensifies.
- The Federal Aviation Administration said the winter storm brought blizzard conditions to the Midwest, with significant travel disruptions expected in Chicago, Detroit, and Minneapolis-St. Paul.
- Also Read: These Analysts Revise Price Targets On FedEx Following Q2 Results
- Price Action: FDX shares are trading higher by 0.88% at $177.23 on the last check Friday.
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Amid Challenges, Analyst Advises Investors To Build Positions: Cannabis Is A Real Industry With $26Bn In 2022 Sales
One of the biggest struggles the cannabis industry still faces is the lack of financial services. Under existing federal law, financial institutions are not allowed to provide their services to marijuana businesses even in states with legal cannabis programs.
