Latest news with #FederalExpress
Yahoo
20-05-2025
- Business
- Yahoo
FedEx taps leaders from within for LTL spinoff, to Wall Street's dismay
FedEx Corp. has announced some of the new leaders for its less-than-truckload unit that is expected to be spun off into a new publicly traded company by June 2026. John Smith, who is currently the chief operating officer of Federal Express (U.S. and Canada) will become president and CEO at the nation's largest LTL carrier, FedEx Freight. Smith logged 25 years of service at FedEx Freight, serving as president and CEO from 2018 until 2021. Smith will remain in his current role, which oversees leadership at FedEx Freight and the U.S. and Canada ground operations of Federal Express, until the separation occurs. FedEx Corp. (NYSE: FDX) Vice Chairman Brad Martin will become the chairman of FedEx Freight. Martin is credited with leading the board's strategic review of separating the LTL unit into a stand-alone is also expected to remain on FedEx's board following the spinoff. 'I cannot think of two individuals with more knowledge of, or commitment to, the long-term success of the FedEx Freight business than John Smith and Brad Martin,' said FedEx Corp. President and CEO Raj Subramaniam in a Monday news release. 'Together they have the track record and expertise to successfully lead this new and exciting chapter for the independent FedEx Freight company.' The consolidated FedEx enterprise continues to be overhauled through various initiatives that are expected to deliver $4 billion in cost savings. FedEx Freight has been working to improve freight mix, which includes heavier shipment weights and better density across the network. It has also been onboarding sales staff in recent months to drive the changes. The company tapped Tom Connolly at the end of last year to be vice president of LTL sales. Connolly has been at FedEx for nearly 30 has made other recent moves ahead of the spin. It created a separation management office and a transition team. It also completed a $16 billion debt exchange to facilitate the split. Wall Street analysts, however, said the news may not be well received by investors. Deutsche Bank's (NYSE: DB) Richa Harnain acknowledged the success Smith has had at FedEx Freight and at its Express unit but said the move may create a leadership void at the remaining FedEx entity as it is 'undergoing the largest transformation of its history with the combination of Express and Ground.' She also said investors were mostly hoping FedEx would pluck talent away from an established competitor. 'The popular preference we heard among the investment community [was] that FedEx Freight leadership be an experienced executive outside the organization,' Harnain said. Morgan Stanley's (NYSE: MS) Ravi Shanker voiced a similar sentiment, saying the move 'is more evidence that FDX LTL will be 'more of the same' rather than transformational change.' 'We expect FDX stock to come under pressure following the announcement of new leadership at the LTL SpinCo. While announced CEO John Smith has plenty of experience, we believe investors were singularly focused on external leadership (preferably from a market leader like [Old Dominion Freight Line]) as a key catalyst for the spin,' Shanker said in a note to clients. FedEx announced in January that its president of LTL at the time, Lance Moll, was retiring after 33 years with the Freight has approximately 360 terminals generating roughly $9 billion in revenue annually. Shares of FDX were off 1.9% ahead of the market open on Tuesday. More FreightWaves articles by Todd Maiden: April sees mixed freight trends on path to recovery Pamt Corp. CEO resigns for family reasons amid mounting losses Insurance costs, fraud and cargo theft hit Landstar's Q1 The post FedEx taps leaders from within for LTL spinoff, to Wall Street's dismay appeared first on FreightWaves. Sign in to access your portfolio
Yahoo
19-05-2025
- Business
- Yahoo
FedEx Announces Leadership for Independent FedEx Freight Company Upon Separation
John A. Smith named President and CEO; R. Brad Martin to serve as Chairman of the Board. MEMPHIS, Tenn., May 19, 2025--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) announced today several leadership roles as the company makes progress to separate its less-than-truckload (LTL) freight division. John A. Smith, chief operating officer, U.S. and Canada, of Federal Express, has been selected to serve as the president and CEO of FedEx Freight, and R. Brad Martin, vice chairman of the FedEx Corp. board of directors, has agreed to serve as chairman of the board of FedEx Freight. Both appointments will be effective upon completion of the previously announced separation of FedEx Freight from FedEx Corp. Plans for the spin-off, which is expected to occur by June 2026, remain on track. "I cannot think of two individuals with more knowledge of, or commitment to, the long-term success of the FedEx Freight business than John Smith and Brad Martin," said Raj Subramaniam, president and CEO of FedEx Corp. "Together they have the track record and expertise to successfully lead this new and exciting chapter for the independent FedEx Freight company." Prior to the separation, Smith will continue in his current role, which includes leadership of the FedEx Freight business in addition to U.S. and Canada ground operations of Federal Express. He has been a member of the FedEx Freight team (and its predecessor companies) for 25 years of his more than 30 years in the industry. From 2018 until 2021, as president and CEO of the FedEx Freight business, Smith successfully grew the company's revenue and operating income while safely navigating the team through the challenging dynamics associated with the pandemic. Martin chairs the FedEx Corp. Audit and Finance Committee and led the board's strategic analysis of the FedEx Freight business that resulted in the separation decision. It is expected that he will remain on the FedEx Corp. board of directors while also serving as chairman of the board of the new FedEx Freight entity. The company previously appointed Tom Connolly as vice president of LTL Sales. With more than 30 years of industry experience, Connolly is leading the expansion of FedEx Freight's dedicated LTL salesforce. Additional biographical information: John A. Smith: R. Brad Martin: About FedEx Corp. FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services. With annual revenue of $88 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 500,000 employees to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit Cautionary Statement Regarding Forward-Looking Information Certain statements in this press release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act, such as statements regarding the expected timing of the separation or its completion at all, and statements regarding the future FedEx Corp. and FedEx Freight board of directors and management. Forward-looking statements include those preceded by, followed by or that include the words "will," "may," "could," "would," "should," "believes," "expects," "forecasts," "anticipates," "plans," "estimates," "targets," "projects," "intends" or similar expressions. Such forward-looking statements are based on management's current expectations and are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to: our ability to successfully execute the separation transaction; our ability to obtain any consents or approvals required to complete the separation; potential uncertainty during the pendency of the separation transaction that could affect FedEx Corp.'s financial performance; the possibility that the separation transaction will not be completed within the anticipated time period or at all; the possibility that the separation transaction will not result in the intended benefits; the possibility of disruption, including changes to existing business relationships, disputes, litigation, or unanticipated costs in connection with the separation transaction; uncertainty of the expected financial performance of FedEx Corp. or FedEx Freight following completion of the transaction; negative effects of the announcement or pendency of the transactions on the market price of FedEx Corp.'s securities and/or on the financial performance of FedEx; evolving legal, regulatory, and tax regimes; changes in the economic conditions in the global markets in which we operate; actions by third parties, including government agencies; our ability to successfully implement our business strategy and global transformation program and optimize our network through Network 2.0; our ability to achieve our cost-reduction initiatives and financial performance goals; and other factors which can be found in FedEx Corp.'s and its subsidiaries' press releases and FedEx Corp.'s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended May 31, 2024, and subsequently filed Quarterly Reports on Form 10-Q. Any forward-looking statement speaks only as of the date on which it is made. Neither FedEx Corp. nor anyone else undertakes or assumes any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise. View source version on Contacts Media contact:FedEx Media Relations901-434-8100mediarelations@ Investor contact:FedEx Investor Relations901-818-7200ir@
Business Wire
19-05-2025
- Business
- Business Wire
FedEx Announces Leadership for Independent FedEx Freight Company Upon Separation
MEMPHIS, Tenn.--(BUSINESS WIRE)--FedEx Corp. (NYSE: FDX) announced today several leadership roles as the company makes progress to separate its less-than-truckload (LTL) freight division. John A. Smith, chief operating officer, U.S. and Canada, of Federal Express, has been selected to serve as the president and CEO of FedEx Freight, and R. Brad Martin, vice chairman of the FedEx Corp. board of directors, has agreed to serve as chairman of the board of FedEx Freight. Both appointments will be effective upon completion of the previously announced separation of FedEx Freight from FedEx Corp. Plans for the spin-off, which is expected to occur by June 2026, remain on track. 'I cannot think of two individuals with more knowledge of, or commitment to, the long-term success of the FedEx Freight business than John Smith and Brad Martin,' said Raj Subramaniam, president and CEO of FedEx Corp. 'Together they have the track record and expertise to successfully lead this new and exciting chapter for the independent FedEx Freight company.' Prior to the separation, Smith will continue in his current role, which includes leadership of the FedEx Freight business in addition to U.S. and Canada ground operations of Federal Express. He has been a member of the FedEx Freight team (and its predecessor companies) for 25 years of his more than 30 years in the industry. From 2018 until 2021, as president and CEO of the FedEx Freight business, Smith successfully grew the company's revenue and operating income while safely navigating the team through the challenging dynamics associated with the pandemic. Martin chairs the FedEx Corp. Audit and Finance Committee and led the board's strategic analysis of the FedEx Freight business that resulted in the separation decision. It is expected that he will remain on the FedEx Corp. board of directors while also serving as chairman of the board of the new FedEx Freight entity. The company previously appointed Tom Connolly as vice president of LTL Sales. With more than 30 years of industry experience, Connolly is leading the expansion of FedEx Freight's dedicated LTL salesforce. Additional biographical information: John A. Smith: R. Brad Martin: About FedEx Corp. FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services. With annual revenue of $88 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 500,000 employees to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit Cautionary Statement Regarding Forward-Looking Information Certain statements in this press release may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act, such as statements regarding the expected timing of the separation or its completion at all, and statements regarding the future FedEx Corp. and FedEx Freight board of directors and management. Forward-looking statements include those preceded by, followed by or that include the words 'will,' 'may,' 'could,' 'would,' 'should,' 'believes,' 'expects,' 'forecasts,' 'anticipates,' 'plans,' 'estimates,' 'targets,' 'projects,' 'intends' or similar expressions. Such forward-looking statements are based on management's current expectations and are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from historical experience or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to: our ability to successfully execute the separation transaction; our ability to obtain any consents or approvals required to complete the separation; potential uncertainty during the pendency of the separation transaction that could affect FedEx Corp.'s financial performance; the possibility that the separation transaction will not be completed within the anticipated time period or at all; the possibility that the separation transaction will not result in the intended benefits; the possibility of disruption, including changes to existing business relationships, disputes, litigation, or unanticipated costs in connection with the separation transaction; uncertainty of the expected financial performance of FedEx Corp. or FedEx Freight following completion of the transaction; negative effects of the announcement or pendency of the transactions on the market price of FedEx Corp.'s securities and/or on the financial performance of FedEx; evolving legal, regulatory, and tax regimes; changes in the economic conditions in the global markets in which we operate; actions by third parties, including government agencies; our ability to successfully implement our business strategy and global transformation program and optimize our network through Network 2.0; our ability to achieve our cost-reduction initiatives and financial performance goals; and other factors which can be found in FedEx Corp.'s and its subsidiaries' press releases and FedEx Corp.'s filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended May 31, 2024, and subsequently filed Quarterly Reports on Form 10-Q. Any forward-looking statement speaks only as of the date on which it is made. Neither FedEx Corp. nor anyone else undertakes or assumes any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Yahoo
19-05-2025
- Health
- Yahoo
Medicaid Cuts Could Leave Millions of Black People Without Care
Arlita Walker lives a fairly quiet life in southwest Memphis, Tennessee. The 60-year-old grandmother was employed with Federal Express for 15 years while she also raised her daughter. But when the toll of lifting heavy packages started to harm her health, Walker had to quit; she's been grappling with health challenges since 2013. Since then, Walker has managed to get her high blood pressure and diabetes under control, but she still battles with chronic obstructive pulmonary disease, which at times makes it difficult for her to breathe. She relies on a prescription medication called Trelegy Ellipta, an inhaler that she uses once a day. It carries a hefty price tag — $800 for a 30-day supply. Medicaid has helped Walker to afford this life-saving treatment. It also has covered her blood thinner, copays, and transportation to her doctor's appointments. But that access is in doubt for her and the 72 million people — one-fifth of the U.S. population — enrolled in the government health care program for low-income people and people with disabilities. The U.S. House Energy and Commerce Committee, which manages Medicaid, has been directed to locate $880 billion in savings, and some Republican lawmakers want to include work requirements or make cuts to the program. A key committee in the process, the House Budget Committee, advanced a bill late on Sunday that includes stricter work requirements, though it will likely undergo more changes before it passes the full House. The bill will almost certainly face challenges in the Senate. House Speaker Mike Johnson has set a Memorial Day deadline for passing the bill through the chamber, though delays are expected. Black Americans would bear the brunt of a Medicaid overhaul: About 20% of Medicaid enrollees are Black, while Black Americans make up just 14% of the U.S. population. Making big changes to the program also could devastate rural hospitals that depend on Medicaid reimbursements. 'What I'm worried about is that we will have to come out of our pockets [to pay]. And we all live on a fixed income, so we really don't have that kind of money,' Walker told Capital B. Walker's monthly income stems from $1,170 in disability and $58 in food assistance. These payments must cover rent ($750), utilities ($200), and expenses for her 11-year-old granddaughter, who lives with her. 'And she can eat,' Walker said with a laugh. If she has to finance her medical affairs without any help, she said, she'll go bankrupt. 'It's a lot of trying to figure out how to rob Peter to pay Paul, right? And make sure that everybody gets something,' she said. 'You can't win for losing.' Medicaid's uncertain future has left enrollees feeling helpless. 'I don't like this [waiting],' Walker said. 'If you want to do something, then give us a heads-up and do what you're gonna do. Because we're gonna have to find a way to make things happen.' Democratic lawmakers have been condemning their Republican colleagues' plans to target Medicaid. 'Medicaid has been a lifeline for millions of families in this country, but it has also helped us address critical disparities in health for Black communities,' U.S. Sen. Lisa Blunt Rochester of Delaware told Capital B in a statement, referring to how the program has helped to address the Black maternal health crisis. 'Without access to this care, we risk exacerbating deep-rooted inequalities and putting lives at risk.' Read on for a look at what might lie ahead for Medicaid — and how different lawmakers are responding. This story will be updated as legislative developments occur. Republican lawmakers are scrambling to figure out how to find billions of dollars in savings. This month, House Energy and Commerce Chairman Brett Guthrie released a plan that would establish work requirements for 'able-bodied adults without dependents.' People can meet these monthly requirements by 'working at least 80 hours, completing at least 80 hours of community service, participating in a work program for at least 80 hours, enrolling in an educational program for at least 80 hours, or a combination of these activities for at least 80 hours.' Some Republican lawmakers are calling for cutting certain payments permitted through the Affordable Care Act, or capping that spending on a per beneficiary basis. Under the ACA, states can expand Medicaid to adults with incomes up to 138% of the federal poverty level (which for a single person in 2025 is $21,597). The federal government covers 90% of these additional costs. Forty states — including many red states — and Washington, D.C., have adopted Medicaid expansion, which has brought in some 20 million adults and has helped to shrink racial and ethnic disparities in coverage and access to care. If Republican lawmakers were to eliminate the federal match rate, the U.S. government could save $626 billion over the course of a 10-year period, according to a recent KFF analysis. Advocates have warned that adding work requirements would result in people losing coverage. 'People are busy, and a monthly administrative burden is enormous,' Michael Linden, a former senior official with the Office of Management and Budget, told Capital B. 'A lot of people end up not getting Medicaid because they miss a month of filing, or the forms are complicated, or they're just trying to put food on the table.' Eliminating the ACA expansion match rate would have a major impact on the health care landscape. States would have to decide whether they want to absorb billions of dollars in costs to keep the Medicaid expansion coverage that millions of Americans use. Doing this would require that states increase taxes or scale back benefits. Additionally, 12 states have 'trigger laws' that would immediately terminate Medicaid expansion or require some sort of change in policy if the federal match rate ended or decreased. Enrollees in these states would be in jeopardy of losing coverage. Some states are attempting to abolish such legislation; others are seeking to enact it. Trigger laws would likely have a disproportionate effect on Black communities. North Carolina, for instance, is a trigger law state and has some 3 million Medicaid enrollees, with more than 640,000 enrolled in the expansion program. Just 22% of the state's population is Black, but Black residents make up 36.7% of expansion enrollment. Straining Medicaid could put tremendous pressure on hospitals, which would still need to care for patients even though that care might not be paid for. This stress could result in the shuttering of hospitals — an outcome that would be especially devastating for residents in rural areas that already suffer from limited access to health services. Communities in Mississippi, Georgia, and Tennessee are working to reopen the rural hospitals that Black residents need, but turning the lights back on is a massive challenge. 'True systemic change is a grassroots effort, but you will need people from the top pushing legislation that's going to allow rural hospitals to survive or reopen,' Eva Rawls, a Black registered nurse who worked at a hospital in Tennessee, told Capital B in 2024. North Carolina Gov. Josh Stein underlined the precarious situation facing rural hospitals in a March letter addressed to House and Senate leaders. 'The damage to North Carolina's health care system, particularly rural hospitals and providers, would be devastating, not to mention to people who can no longer afford to access health care,' he wrote. 'These are significant and immediate consequences.' Medicaid has helped people in both red states and blue states, and some Republican lawmakers are voicing opposition to legislation that threatens it. 'We won't vote for something that takes away benefits from seniors, disabled and vulnerable people that we represent who rely on Medicaid,' Rep. Nicole Malliotakis of New York said in April. Earlier that month, she and 11 other House Republicans — all of whom are in competitive districts where taking politically perilous actions could cost them their seats — wrote a letter to House leaders warning that they wouldn't support a bill that erodes Medicaid. 'We cannot and will not support a final reconciliation bill that includes any reduction in Medicaid coverage for vulnerable populations,' the letter read. Some Senate Republicans, including Sens. Lisa Murkowski of Alaska and Susan Collins of Maine, also are expected to challenge legislation that chips away at or eliminates Medicaid. Democratic lawmakers have been rallying around protecting Medicaid for months. Most recently, on April 27, top Democratic lawmakers — including Sen. Cory Booker and House Minority Leader Hakeem Jeffries — held a sit-in on the Capitol steps. They highlighted what they said is the 'moral urgency' of pushing back against legislation that would undermine health care access. 'We're either going to choose the side of the American people, or we're going to choose this cruel budget that Republicans are trying to jam down the throats of the American people,' Jeffries said. Weeks before, Booker of New Jersey used a record-setting speech — it lasted 25 hours and 5 minutes, from March 31 to April 1 — to criticize the administration's agenda, including its Medicaid plans. 'They are trying to gut Medicaid and Medicare, programs on which nearly a third of our country rely — all to pay for tax cuts to billionaires and corporations,' Booker said. And on March 4, U.S. Rep. Al Green of Texas protested during President Donald Trump's address to a joint session of Congress. Toward the start of Trump's speech, when the president claimed that the 2024 election — in which he received 49.8% of the popular vote and Kamala Harris received 48.3% — offered him 'a mandate like has not been seen in many decades,' Green interrupted. He shouted that Trump has 'no mandate' to dismantle Medicaid. The post Medicaid Cuts Could Leave Millions of Black People Without Care appeared first on Capital B News.
Globe and Mail
20-03-2025
- Business
- Globe and Mail
FedEx Beats on Revenue, Misses on EPS
FedEx (NYSE:FDX), the global shipping and logistics company, released its earnings report for the third quarter of its fiscal 2025 on March 20. The company reported a slight miss on adjusted earnings per share (EPS), posting $4.51 against an expected $4.56. However, it achieved commendable year-over-year growth of 16.8% from $3.86 in the prior-year period. Revenue of $22.2 billion beat the consensus expectation of $21.9 billion, and was up by a modest 2.3% from $21.7 billion in the same period last year. Overall, the quarter's results reflected FedEx's resilience amid macroeconomic pressures, although management did revise its earnings expectations for the full year in light of ongoing challenges. Metric Fiscal Q3 2025 Fiscal Q3 2025 Analysts' Estimate Fiscal Q3 2024 % Change EPS (adjusted) $4.51 $4.56 $3.86 16.8% Revenue $22.2 billion $21.9 billion $21.7 billion 1.9% Operating income (adjusted) $1.51 billion N/A $1.36 billion 11.0% Operating margin (adjusted) 6.8% N/A 6.2% 60 basis points Source: Analysts' estimates for the quarter provided by FactSet. Company Overview and Strategy FedEx, an integral player in the global logistics industry, operates across various business segments, including Federal Express, FedEx Ground, and FedEx Freight. Known for its reliable delivery services, it faces constant competitive pressure from rivals like UPS and DHL. Its strategic approach focuses heavily on integration within its segments to boost operational efficiency. This is carried out through programs like "One FedEx," designed to unify operations and streamline processes. Recent strategic initiatives have emphasized the importance of technology in FedEx's operations, with investments aimed at enhancing productivity and customer satisfaction. The introduction of FedEx Dataworks, a data-driven solution platform, underscores its commitment to digital transformation. Tackling e-commerce-driven growth and adapting to its demands also remains a priority. Quarter Overview: Performance and Initiatives In the fiscal quarter, which ended Feb. 28, FedEx witnessed a mix of positive developments and ongoing challenges. The Federal Express segment delivered a strong revenue performance. The 6% increase in U.S. domestic package revenue -- driven by an uptick in average daily package volume -- was noteworthy. However, the FedEx Freight segment experienced a 5% decline in year-over-year revenue, a reflection of decreased shipment numbers and lighter average weights per shipment. Operating income for this segment fell by 23%. Pivotal strategies such as the DRIVE initiative, aimed at cost reductions and operational improvements, continued to pay off. The CEO highlighted improved profitability despite the challenging environment. Additionally, the December announcement of the planned spin-off of FedEx Freight signaled a move toward operational simplification and targeted value creation. The company's investments in technology and digital transformations were reflected in developments in FedEx Dataworks, which is intended to refine efficiency and customer engagement. However, competitive pressures from the likes of Amazon 's internal logistics unit are affecting pricing and service dynamics. Macroeconomic factors, notably the U.S. industrial sector's softness, led to shifts in service demand. Notably, FedEx returned value to shareholders through $500 million in share repurchases during the quarter. Its financial position remains solid, with cash reserves reported at $5.1 billion as of Feb. 28. Looking Ahead: Future Expectations Management provided a cautious outlook for the remainder of its fiscal 2025, adjusting its full-year guidance downwards. Revenue is now expected to be in the range of flat to down slightly compared to the previous guidance for flat revenue. The EPS guidance was lowered to a range of $15.15 to $15.75 from the earlier $16.45 to $17.45. This conservative stance reflects persistent macro uncertainties. Investors should closely watch FedEx's further integration efforts and its DRIVE program, which is aimed at achieving $2.2 billion in cost savings. Capital investments (with an emphasis on network optimization and automation) are expected to be $4.9 billion, down from a previously planned $5.2 billion. As FedEx navigates competitive and macroeconomic challenges, key areas to watch in the upcoming quarters will include its operational efficiency efforts and the potential impacts of economic conditions. Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 838% — a market-crushing outperformance compared to 164% for the S&P 500.* They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. *Stock Advisor returns as of March 18, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. JesterAI is a Foolish AI, based on a variety of Large Language Models (LLMs) and proprietary Motley Fool systems. All articles published by JesterAI are reviewed by our editorial team, and The Motley Fool takes ultimate responsibility for the content of this article. JesterAI cannot own stocks and so it has no positions in any stocks mentioned. The Motley Fool has positions in and recommends Amazon and FedEx. The Motley Fool has a disclosure policy.
