Tag: Fedex

June 29, 2022

FedEx Corp. expects to grow earnings per share as much as 19% annually over the next three years by targeting “high-value” customers and squeezing more efficiency out of its networks. The three-year plan, the first strategic outlook under new CEO […]

June 22, 2022

FedEx Corp. and supply chain solutions provider FourKites on June 22 announced an alliance to offer customers new, real-time data and information. The purpose is to help businesses navigate challenges, operate more efficiently and develop new growth opportunities. Without disclosing […]

May 6, 2022

Air Transport Services Group, the air cargo industry’s Swiss Army knife, revealed that a Dublin-based contract airline with customers such as Amazon Air and FedEx has ordered five Airbus converted freighters, building on the first-quarter profit contribution of its leasing […]

April 18, 2022

Alpine Air Express, which provides air cargo services to smaller communities in the western U.S. for customers such as FedEx, UPS and the U.S. Postal Service, said Monday it has acquired Omaha, Nebraska-based Suburban Air Freight to support growing demand […]

March 10, 2022

FedEx Corp. said late Thursday that Richard W. Smith, the son of FedEx founder, Chairman and CEO Frederick W. Smith, will become president and CEO of FedEx Express, the company’s air and international unit and what is still its core […]

January 7, 2022

UPS Inc. and the U.S. Postal Service turned in stellar delivery performances during the peak holiday season, while FedEx Corp. lagged, according to data published late Friday by consultancy ShipMatrix Inc. UPS (NYSE: UPS) delivered 96.9% of all parcels within […]

November 17, 2021

FedEx Corp. is shutting its crew base in Hong Kong, the world’s busiest international cargo hub, and relocating its pilots as the city considers stricter measures on flight crews to curb the spread of COVID. While the crew base will […]

October 26, 2021

UPS Inc. rode higher prices and strong delivery demand driven by e-commerce to post profit that topped analysts’ expectations. It also raised its operating margin outlook to 13% for 2021 from an earlier target of 12.7%. UPS and rival FedEx […]

October 22, 2021

FedEx Corp. said it will rescind its money-back guarantee on its U.S.-based air services for the upcoming peak holiday shipping season, nearly seven months after restoring them. Effective Nov. 1, FedEx (NYSE: FDX) will suspend the guarantee on nine air […]

October 12, 2021

Though it’s not yet Halloween, delivery companies UPS Inc., FedEx Corp. and the U.S. Postal Service have released their recommended deadlines to ship packages in time for the holidays. Pandemic supply chain woes have industry experts warning consumers to shop […]

September 22, 2021

Aurora Innovation Inc., Paccar Inc. and FedEx Corp. launched a commercial pilot of autonomous trucking in Texas. The companies said they started using a Paccar tractor equipped with self-driving technology to haul FedEx loads between Dallas and Houston, a 500-mile […]

September 20, 2021

FedEx Corp. plans to spend more than $100 million to improve delivery van safety and reduce costs from accidents, potentially dragging on short-term earnings as the courier faces pressure from rising wages and other expenses. The company’s ground unit is […]

June 15, 2021

FedEx Corp. (NYSE: FDX) has been testing an autonomous delivery vehicle in the Houston area since April. The vehicle, a Nuro R2 model, is delivering parcels as part of a multiyear, multiphase agreement to pilot autonomous last-mile delivery. “We have […]

May 25, 2021

Effective June 21, FedEx Corp. (NYSE:FDX) will stick it to its customers in the form of significant percentage increases to three delivery surcharges. FedEx’s residential delivery surcharges on domestic air and ground deliveries will double from 30 cents per package […]

April 6, 2021

FedEx Corp. (NYSE:FDX) said Tuesday it has reinstated money-back guarantees on much of its air express deliveries, a move that followed by one day a similar step by archrival UPS Inc. (NYSE:UPS). Memphis, Tennessee-based FedEx will restore guarantees on all […]

March 22, 2021

Last April, the White House hosted representatives of the trucking industry to recognize their contributions at a time when the pandemic already had afflicted segments of the economy. American Trucking Associations President Chris Spear was at that event alongside truck […]

March 18, 2021

FedEx Corp. (NYSE:FDX) late Thursday reported very strong fiscal third-quarter 2021 results, with massive year-on-year increases in earnings per share as well as operating and net income, and revenues of $21.5 billion, a 21.3% gain. On an adjusted basis, EPS […]

November 18, 2019

The majority of the world’s largest freight carriers expanded their businesses last year as they continued to enjoy strong demand in many key markets, despite an ongoing realignment of international trade agreements. All but a handful of the companies ranked […]

July 16, 2018

There were big gains all around for the nation’s largest for-hire carriers, some driven by acquisitions and some by expansion in response to vigorous growth in demand for freight hauling. UPS Inc. maintained its hold on the top position of […]

June 26, 2017

FedEx Corp. will open a distribution center outside South Dayton, Ohio, “in a couple weeks,” a company spokesman confirmed with Transport Topics on June 23. FedEx Ground is scheduled to begin operations July 14 at the 240,000-square-foot distribution center in […]