Tag: Fedex

February 1, 2024

FedEx has portrayed its new air network redesign in terms of streamlining the high-cost overnight parcel operation, but internal communications show the express delivery giant also sees an opportunity to aggressively go after heavyweight cargo booked by logistic providers to […]

December 15, 2023

It seems like you can’t tell parcel-delivery diesel fuel surcharge moves without a scorecard these days. UPS Inc. (NYSE: UPS) will raise its weekly domestic ground delivery surcharge to 15.75%, effective Monday. This comes after UPS had reduced its weekly […]

November 20, 2023

Parcel-delivery industry pundits predicted at the start of 2023 that it would be the year of the shipper. For the most part, that forecast has come to pass. Now as 2024 begins to come into fuller view, indications are that […]

November 6, 2023

Nearly 200 senior pilots at UPS have accepted the company’s voluntary severance package, and regional passenger airline PSA Airlines is trying to recruit them to close a crew shortage. The head count reduction at UPS Airlines is much more limited […]

September 27, 2023

FedEx has long pursued more automated package handling processes throughout its operations, including for loading and unloading, which it says frees up employees for other tasks while keeping service levels high. Loading FedEx trailers in an efficient manner can be […]

September 7, 2023

UPS Inc. (NYSE: UPS) said late Thursday that it will raise 2024 tariff rates 5.9% on all air, ground and international services, effective Dec. 26. The move matches rival FedEx Corp. (NYSE: FDX), which announced a 5.9% increase late last […]

June 30, 2023

While FedEx is expecting volume declines to continue moderating at its Express and Ground operating companies, it’s a different story for its LTL unit. For the quarter ending May 31, both revenue and average daily shipments at FedEx Freight fell […]

May 22, 2023

FedEx Logistics and Electrolux are participating in the commercial rollout of a service that enables merchants to electronically sign off on air cargo bookings before their freight forwarder completes the transaction with an airline through a digital marketplace. The parties […]

May 1, 2023

FedEx Freight is closing 29 locations in its network and enacting another round of temporary furloughs as demand continues to fall. Operations in affected places will be consolidated to other locations, effective Aug. 13, according to an emailed statement. “We […]

March 24, 2023

FedEx will close its heavy maintenance hangar at Los Angeles International Airport next summer and consolidate operations in Indianapolis to reduce costs, ending a piece of aviation history rooted in the acquisition of Flying Tiger Line 35 years ago. The […]

February 27, 2023

FedEx Corp. (NYSE: FDX) said Monday it has launched a 50-day humanitarian initiative that will culminate on April 17, the 50th anniversary of the company’s first day of flight and ground operations. The program, which FedEx coined 50 Days of […]

February 2, 2023

Two days do not make a trading trend. But for the second consecutive session, FedEx Corp. shares are spiking. Near the close of trading Thursday, FedEx (NYSE: FDX) shares were up nearly 6.3%, or more than $12 a share. This […]

January 10, 2023

FedEx Corp. plans to scale back even more on Sunday package deliveries as the courier grapples with faltering e-commerce demand. The pullback will reduce the availability of Sunday service to about 50% of the U.S. population, according to an internal […]

December 22, 2022

FedEx will increasingly rely on outsourced air transport for growth as it pursues an aggressive cost-cutting strategy to resize its delivery network in line with deteriorating market conditions and a structural rebalance in e-commerce sales, executives said. “An initial priority […]

December 20, 2022

FedEx Corp. posted fiscal 2023 second-quarter results late Tuesday that demonstrated its ability to quickly slash costs but also confirmed the damage a slowdown in demand is inflicting on its top line. FedEx (NYSE: FDX) reported adjusted diluted earnings per […]

December 19, 2022

TransImpact says there will be virtually no difference in rates in 2023 between FedEx and UPS. Shippers using FedEx Corp. and UPS Inc. can expect 8% to 10% price increases in 2023 once rate and various “accessorial,” or add-on, charges […]

December 12, 2022

The FedEx program will accept unboxed, unlabeled returns, then consolidate returned items and ship them back to merchants. FedEx Corp. said Monday it will launch a parcel returns consolidation program that will allow returned items to be dropped off without […]

October 28, 2022

A new report from FedEx released Monday says the company worked with 360,000 suppliers worldwide in 2021, supporting more than 16.5 million jobs and contributing to the suppliers’ combined annual revenue of $700 billion. The company’s 2022 report analyzed its […]

September 16, 2022

FedEx Corp. is set to erase $11 billion in market value after withdrawing its earnings forecast on worsening business conditions, a potentially worrying sign for the global economy. The package delivery giant flagged weakness in Asia and challenges in Europe […]

August 26, 2022

FedEx Ground has sued one of its largest delivery contractors, claiming he is spreading false and misleading information about the company and its relationships with contractors to boost the fortunes of his web of businesses. In a filing early Friday, […]