FedEx stock is trading lower on Thursday in sympathy with United Postal Service, which fell after it reported 2024 fiscal-year fourth-quarter earnings.

MILAN (Reuters) -Italian tax police have seized 46.6 million euros ($48.4 million) from FedEx's local unit, FedEx Express Italy srl, following an investigation into alleged tax fraud linked to illicit labour supply,

Throughout its history, FedEx has been an integral part of the small- and medium-sized business (SAM) sector. The extensive FedEx network is both a vital part of the global small business supply chain and a key distribution network for those companies.

Residents in Allegany County are expressing frustration over ongoing delivery issues with FedEx. Complaints range from packages ‘delivered’ miles away from their destination to significant delays.

The clock is ticking but the PGA Tour confirmed it still is considering changing the format of the Tour Championship, which could be voted on for this season at its February board meeting. Golfweek spoke with multiple player directors about the Tour Championship format change earlier this month.

Residents in several areas of Holmes County say they have not received deliveries from FedEx in more than a week, leaving some without essential items such as medication and heating supplies.

John Smith, FedEx chief operating officer of U.S. and Canada surface operations, is set to lead FedEx Freight in the interim until a new CEO is named, according to a news release. The company did not issue a timeline on when a new CEO is expected to be named, but did note the FedEx Freight separation remains on track to be completed in 18 months .

West Virginia has been abuzz about delays with package delivery service FedEx over the past few weeks, with some customers claiming that they haven't received crucial items like food and medicine in nearly a month.

The stock's fall snapped a two-day winning streak.

STATEN ISLAND, N.Y. -- FedEx, which, according to local reports has announced several nationwide facility closures and layoffs in recent months, has confirmed that it will soon close its only Staten Island Ship Center, located at 2400 Richmond Terrace in Port Richmond.

Officials are urging drivers to find an alternative route as they work to secure the area between the I-270 split and Democracy Blvd.

Most of those being laid off locally work as couriers. The express shipping giant has announced job cuts in markets across the country in the past three months.