Core Viewpoint - FedEx is seeking refunds for tariffs paid on behalf of customers following a US Supreme Court ruling against many of Trump's tariffs, and plans to pass any refunds received from the government back to the businesses and consumers who originally incurred those charges [1][2]. Group 1: FedEx's Actions - FedEx has filed a lawsuit against the Trump administration to recover tariffs it paid, indicating a proactive approach to address the financial impact of these tariffs on its operations and customers [1][3]. - The company has stated that it will issue refunds to shippers and consumers if it successfully receives refunds from the government [2]. Group 2: Industry Context - FedEx is among several companies pursuing legal action to recover tariffs, highlighting a broader trend within the industry as many businesses have been adversely affected by these tariffs [3]. - The tariffs have directly impacted US consumers, with reports of packages being held up at customs and disputes over tariff charges, including instances of charges at a 200% rate for specific goods [3].

Core Viewpoint - FedEx will return any tariff refunds received to customers who paid them, following the Supreme Court's ruling that certain tariffs imposed under the International Emergency Economic Powers Act (IEEPA) were illegal [1][2][7]. Group 1: Company Actions - FedEx announced its intention to return tariff refunds to shippers and customers who incurred the costs of the tariffs [2][4]. - The company is focused on supporting customers as they navigate regulatory changes and has taken steps to preserve its right to refunds for IEEPA tariffs [3][4]. - FedEx is committed to transparency and will provide updates as more information becomes available from the government and the court [7]. Group 2: Legal Context - The Supreme Court ruled that the tariffs imposed under IEEPA were unconstitutional, as the law did not authorize the president to impose such tariffs [7]. - The ruling does not affect tariffs imposed by the Trump administration under other legal authorities, and the White House plans to implement alternative tariffs to offset IEEPA tariff revenue [8]. Group 3: Financial Implications - Over $150 billion was collected by the federal government from IEEPA tariffs before they were struck down, which may now be subject to refunds [11]. - Estimates of the total IEEPA tariffs collected range from $150 billion to $200 billion, according to various analyses [11]. - There are existing avenues for pursuing tariff refunds, including lawsuits in the U.S. Court of International Trade and appeals to U.S. Customs and Border Protection [13]. Group 4: Economic Impact - A study by the Federal Reserve Bank of New York indicated that U.S. businesses and consumers bore 86% of the tariff burden, with foreign exporters bearing 14% as of November 2025 [16]. - The share of the tariff burden borne by U.S. businesses and consumers decreased from 94% to 92% over the year [16]. - The Congressional Budget Office noted that foreign exporters absorbed about 5% of the tariff costs, with 95% falling on U.S. firms and consumers [17].

Caterpillar Inc. (NYSE:CAT) is one of the stocks Jim Cramer commented on. Cramer mentioned the stock during the episode and commented: What else do we need so badly that we’ll pay anything for? Well, how about Caterpillar? We like their stuff. Turbines, GE Vernova. Hey, how about things that move other things? FedEx is good, any trucker. How about value-oriented companies like Walmart, Dollar General, Costco, Dollar Tree, TJX, they report tomorrow. All those companies make things and sell them cheaper tha ...

Las Vegas, NV, Feb. 26, 2026 (GLOBE NEWSWIRE) -- ACT Expo, The Leading Fleet Technology Show, today announced that John Smith, incoming president & CEO of FedEx Freight, will deliver the opening keynote at ACT Expo 2026, taking place May 4-7 at the Las Vegas Convention Center. His keynote will kick off four days where the entire commercial transportation ecosystem gathers to evaluate the technologies, strategies, and investments shaping fleet performance in the years ahead. In his leadership role at FedEx F ...

Treasury Secretary Scott Bessent refused to commit to issuing $134 billion in potential tariff refunds during a post-State of the Union interview, instead framing corporate demands for repayment as a form of government handout.The Refund Standoff“We will follow the ruling of the lower court,” Bessent stated, emphasizing a 42-day waiting period before further action. However, he quickly pivoted to a populist defense of the administration's refusal to pay, suggesting that returning the funds would not benefit ...

FedEx has sued the US government for a “full refund” of tariffs it paid after last week’s historic Supreme Court ruling deemed President Trump’s main import taxes illegal.The suit appeared to be the first of its kind from a major American company following Friday’s ruling, which found that Trump had exceeded his presidential authority and overturned tariffs imposed under the International Emergency Economic Powers Act.“Plaintiffs seek for themselves a full refund from Defendants of all IEEPA duties Plaintif ...

Core Viewpoint - Wall Street began 2026 positively after a significant bull run over the past three years, with optimism that the upward trend in U.S. stock markets will persist this year despite fluctuations in February due to concerns over artificial intelligence (AI) trade [1] Group 1: Investment Opportunities - It is advisable to invest in U.S. giants with a market capitalization over $30 billion and a favorable Zacks Rank, with five highlighted stocks: The Hershey Co. (HSY), Tapestry Inc. (TPR), FedEx Corp. (FDX), Howmet Aerospace Inc. (HWM), and Southwest Airlines Co. (LUV) [2] - Each of the selected stocks carries either a Zacks Rank 1 (Strong Buy) or 2 (Buy) [2] Group 2: The Hershey Co. (HSY) - Hershey is focused on innovation, supply-chain agility, and commercial execution, expanding its presence in the snacking category [5] - The company is undergoing a multi-year transformation to modernize its supply chain and enhance demand forecasting, supported by investments in data and digital tools [6] - HSY's expected revenue and earnings growth rates for the current year are 4.4% and 27.1%, respectively, with a current dividend yield of 2.62% [7] Group 3: Tapestry Inc. (TPR) - Tapestry is strengthening its position as a global house of brands, driven by strong performance from Coach, particularly among Gen Z consumers [9] - TPR's adjusted gross margin increased by 110 basis points in Q2 of fiscal 2026, with projected revenues above $7.75 billion and EPS between $6.40 and $6.45 [10] - The expected revenue and earnings growth rates for TPR are 9.6% and 23.7%, respectively, with a current dividend yield of 1.02% [11] Group 4: FedEx Corp. (FDX) - FedEx is implementing cost realignment initiatives under the DRIVE program, achieving annual cost savings of $2.2 billion in fiscal 2025 [12] - The company returned $4.3 billion to shareholders through dividends and buybacks in fiscal 2025, exceeding its target [13] - FDX's expected revenue and earnings growth rates for the current year are 5.6% and 1.5%, respectively, with a current dividend yield of 1.49% [14] Group 5: Howmet Aerospace Inc. (HWM) - Howmet Aerospace is benefiting from strong momentum in the commercial aerospace market and rising defense budgets [15] - The company has a solid liquidity position supporting shareholder-friendly policies, with robust orders for defense aerospace units [16] - HWM's expected revenue and earnings growth rates for the current year are 11% and 20.7%, respectively, with a current dividend yield of 0.19% [17] Group 6: Southwest Airlines Co. (LUV) - Southwest Airlines is experiencing improved air travel demand, with expectations for solid revenue trends continuing into 2026 [18] - The company is focused on cost-cutting initiatives and fleet modernization, supported by a strong balance sheet [19] - LUV's expected revenue and earnings growth rates for the current year are 12.8% and over 100%, respectively, with a current dividend yield of 1.38% [21]

Core Viewpoint - FedEx has initiated a lawsuit against the Trump administration seeking refunds for tariffs that the company has paid [1] Group 1 - The lawsuit highlights FedEx's contention that the tariffs imposed by the Trump administration were unjust and burdensome [1] - FedEx is aiming to recover significant amounts of money that it claims were wrongfully collected through these tariffs [1] - The legal action reflects broader concerns within the logistics and shipping industry regarding the impact of tariffs on operational costs and competitiveness [1]

Core Viewpoint - FedEx is suing for a refund related to tariffs imposed during the Trump administration, following a Supreme Court ruling that deemed these tariffs illegal [1]. Group 1: Company Performance - FedEx stock has increased approximately 33% year-to-date and 51% over the past 12 months [1]. Group 2: Legal Context - The lawsuit is a direct consequence of the Supreme Court's decision regarding the legality of President Trump's Liberation Day tariffs [1].

Core Viewpoint - FedEx has initiated legal action seeking reimbursement for tariffs deemed unlawful by the Supreme Court, marking a significant move in the ongoing trade dispute and its financial implications for the company [2][8]. Group 1: Legal Action and Tariff Reimbursement - FedEx's lawsuit, filed on February 23, is the first major case seeking reimbursement since the Supreme Court ruled that the Trump administration lacked authority to impose tariffs under the International Economic Emergency Powers Act (IEEPA) [2]. - The company is requesting the U.S. Court of International Trade to mandate Customs and Border Protection (CBP) to refund all tariffs paid in the previous year under the IEEPA [2]. - The lawsuit asserts that FedEx, as an importer of goods subject to the IEEPA duties, has suffered injury due to the unlawful tariffs imposed [3]. Group 2: Financial Impact and Industry Context - FedEx had previously indicated an anticipated $1 billion headwind in its current fiscal year due to the global trade environment, with projections of a 9-to-10-figure impact from tariffs [7]. - Other companies, including Costco and Revlon, have also pursued legal action against the government prior to the Supreme Court's ruling [7]. - The Supreme Court's decision did not clarify the process for recovering duties already paid, leaving companies in a complex situation regarding potential refunds [9]. Group 3: Broader Implications of Tariffs - The tariffs imposed in recent years have been integrated into customer pricing, supplier contracts, and inventory strategies, complicating any potential recovery of duties [10]. - The financial records of many industries are settled, even as the legal framework for recovering tariffs remains undefined [10].