Business, Logistics, Top 100

FedEx Earnings Take a Hit as International Shipping Slows

FedEx warehouse Mark Lennihan/Associated Press

FedEx Corp. reported higher revenue but lower profits in the third quarter of fiscal 2019 and cut its earnings forecast for the remainder of the year.

Daniel P. Bearth | Staff Writer
March 19, 2019
Government, Business, Logistics, Top 100

Tennessee Panel OKs $10 Million for FedEx Project in Memphis

Gibson Guitar factory The former Gibson Guitar factory in Memphis. (Adrian Sainz/AP)

NASHVILLE, Tenn. — A Tennessee panel has approved a $10 million economic development grant to establish the FedEx Logistics headquarters in downtown Memphis.

March 11, 2019
Business, Technology, Autonomous

FedEx Introduces Same-Day Delivery Robot

jimmy Fallon and the FedEx Same Day Bot Jimmy Fallon's Feb. 26 show included a segment called "Showbotics," and the FedEx SameDay Bot made a guest appearance. (The Tonight Show Starring Jimmy Fallon via YouTube)

FedEx Corp. unveiled an autonomous delivery device designed to help retailers make same-day and last-mile deliveries to customers, showing off the robot on “The Tonight Show Starring Jimmy Fallon” on Feb. 26.

Jim Stinson | Staff Reporter
March 1, 2019
Business, Top 100

FedEx Names Raj Subramaniam New President, COO

David Bronczek and Raj Subramaniam Bronczek, Subramaniam via LinkedIn, FedEx

FedEx Corp. is elevating Raj Subramaniam to the position of president and chief operating officer in the wake of the departure of David Bronczek, who the company said is making a “personal decision” to retire.

Joe Howard | Executive Editor
February 15, 2019
Business, Logistics, Top 100

FedEx Logistics Announces Headquarters Move

Former Gibson Guitar factory in Memphis The former Gibson Guitar factory in Memphis. (Adrian Sainz/AP)

FedEx Logistics will move its global headquarters to the former Gibson Guitar factory building in Memphis, Tenn., according to a Feb. 12 press release.

February 13, 2019
Business, Technology, Logistics, Top 100

FedEx Introduces Way for Retailers to Outrace Amazon in Delivery

FedEx Truck Christopher Dilts/Bloomberg News

FedEx Corp., looking beyond Inc. for growth in e-commerce, is introducing a new late-night shipping option for retailers who want to speedily send orders directly to online customers.

Thomas Black | Bloomberg News
January 29, 2019
Business, Logistics

FedEx Stock Takes Beating on Bleak European Outlook

FedEx Truck Christopher Dilts/Bloomberg News

FedEx Corp. shares plunged Dec. 19, after its “jarring” cut to annual forecasts and bleak commentary about European economy and global trade alarmed the market.

Courtney Dentch and Esha Dey | Bloomberg News
December 19, 2018

FedEx Reports Strong 2Q Earnings

A FedEx Express truck makes deliveries Christopher Dilts/Bloomberg News

FedEx Corp. reported a 20.6% increase in net income in its fiscal second-quarter financial results released Dec. 18.

Dan Ronan | Associate News Editor
December 18, 2018
Business, Technology, Logistics

Amazon Thrives on FedEx Delivery Model, but Driver Pay Challenges Persist

Amazon Van Amazon Prime delivery van. (Bloomberg News)

Five years on, Inc.’s chief executive officer is betting on decidedly more terrestrial technology: Drivers. As in real people. Tens of thousands of them. High-tailing it through town in gas-slurping vans to leave packages on doorsteps just like the milkman, postal worker, UPS guy and pizza dude before them.

Spencer Soper and Thomas Black | Bloomberg News
December 17, 2018
Business, Logistics, Top 50, Top 100, TCA

Holiday Shipping Deadlines for Amazon, USPS, UPS, FedEx

UPS Getty Images

Procrastinators take note: The deadline is fast approaching to get those gifts in the mail to arrive by Christmas Eve.

Doreen Christensen | Sun Sentinel
December 13, 2018