FedEx

Business, Logistics, Top 50, Top 100

UPS Reports Strong Q2 Earnings as Deliveries Surge

A UPS logo is displayed on the tail of a cargo jet at the company's Worldport facility in Louisville, Ky. A UPS logo is displayed on the tail of a cargo jet at the company's Worldport facility in Louisville, Ky. (Luke Sharrett/Bloomberg News)

UPS Inc. reported strong results in the second quarter, as a surge in deliveries to homes and businesses has helped lift the company through the COVID-19 pandemic.

Dan Ronan | Associate News Editor
July 30, 2020
Business, Logistics, Top 50, Top 100

FedEx Posts Loss in Q4, Shows Improvement From Year Ago

FedEx Ground truck A FedEx worker wearing a mask unloads a truck in Dallas, on May 27, 2020. Texas Gov. Greg Abbott allowed bars to open their doors at reduced capacity in the second phase of the state’s plan to restart the economy. (Cooper Neill/Bloomberg News)

FedEx said its fourth-quarter net income was a loss of $334 million, or negative $1.28 a share, compared with a loss of $1.97 billion, or negative $7.56 a share, in the 2019 period.

Dan Ronan | Associate News Editor
July 1, 2020
Business, Technology, Logistics, Top 50, Top 100

FedEx, Microsoft Join Forces for Package Shipping

FedEx and Microsoft are teaming up to provide early warnings of delays for shipping customers. (John Taggart/Bloomberg News)

FedEx Corp. and Microsoft Corp. are teaming up to provide commercial shipping customers with early warnings of delays from weather, traffic and other mishaps, giving the courier and the software maker another weapon as each competes with Amazon .com Inc.

Thomas Black and Dina Bass | Bloomberg News
May 18, 2020
Business, Safety, Logistics, Top 50, Top 100, TCA

5-Year-Old’s ‘Refreshment Stop’ Shows Appreciation for FedEx, UPS Drivers

Jack Mahar, 5, set up a free refreshment stop for delivery drivers

A New York kindergartener who loves delivery trucks is thanking FedEx, UPS and other drivers during the coronavirus pandemic in his own special way, with a 'refreshment stop' of complimentary snacks and drinks that he has set up at the end of his driveway for these essential workers.

Kristi Gustafson Barlette | Times Union, Albany, N.Y.
May 5, 2020
Government, Business, Top 100

Trump Says Trucking CEOs to Help Advise on Economic Recovery

President Trump speaks at an April 14 Coronavirus Task Force press briefing Trump holds a Coronavirus Task Force press briefing in the White House Rose Garden April 14. (c-span.org)

American Trucking Associations President Chris Spear is among the prominent business executives tapped by President Donald Trump to help revive the economy as the coronavirus pandemic shows signs of easing in some parts of the country.

April 14, 2020
Government, Business, Logistics, Top 50, Top 100

FedEx CEO Fred Smith Takes 91% Cut in Salary for Six Months

FedEx CEO Fred Smith According to FedEx, after payroll withholding and other deductions, CEO Fred Smith’s salary will be $1 per pay period through Sept. 30. (Andrew Harrer/Bloomberg News)

FedEx Corp. said Chairman and CEO Fred Smith is taking a salary cut, effective April 1, from $115,402 per month to $10,728 per month through Sept. 30.

Dan Ronan | Associate News Editor
April 7, 2020
Government, Business, Safety, Logistics, Top 100

FedEx’s Fred Smith: It’s Unlikely Company Will Need Federal Help

FedEx CEO Fred Smith FedEx CEO Fred Smith on CBS' "Face the Nation" on March 22. (Face the Nation via YouTube)

FedEx Corp. CEO Fred Smith said during a television appearance that he doesn’t expect his company to seek assistance from the federal government to survive the economic downturn being caused by the spread of COVID-19.

Dan Ronan | Associate News Editor
March 22, 2020
Government, Business, Top 100

FedEx Reports Mixed Earnings; Leadership Cites Impact of Coronavirus

FedEx truck John Sommers II for Transport Topics

FedEx announced March 17 that year-over-year quarterly net income for its fiscal third quarter fell 57% to $315 million, compared with $739 million in the same period a year ago. But Q3 revenue rose 3% to $17.5 billion from $17 billion a year ago.

Dan Ronan | Associate News Editor
March 17, 2020
Business, Safety

UPS, FedEx Ease Signature Rules to Protect Against Virus

(Luke Sharrett/Bloomberg News) Luke Sharrett/Bloomberg News

FedEx Corp. and UPS Inc. are dropping the normal signature rules for package deliveries to protect customers and workers as the coronavirus outbreak worsens.

Thomas Black | Bloomberg News
March 17, 2020
Business

Mike Lenz to Succeed Alan Graf as FedEx CFO

FedEx Packages move along conveyor belts as employees work at a FedEx Corp. shipping center in Chicago. (Christopher Dilts/Bloomberg News)

FedEx. Corp. announced a major change in leadership March 9.

Dan Ronan | Associate News Editor
March 10, 2020

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