FedEx

Business, Top 50, Top 100

FedEx Rides E-Commerce to $21.5 Billion Third Quarter

A FedEx employee carries a box before loading into a van at a coronavirus testing facility in New Jersey. A FedEx employee prepares to load a box into a van in New Jersey. (Angus Mordant/Bloomberg News)

The continued yearlong surge in e-commerce brought on by the COVID-19 pandemic sent FedEx’s year-over-year fiscal third-quarter net revenue up 23% to $21.5 billion, compared with $17.4 billion in the same period in 2020.

Dan Ronan | Associate News Editor
March 18, 2021
Government, Business, Technology, Equipment, Fuel, Top 100

FedEx Sets Plan for Carbon-Neutral Operations by 2040

FedEx A FedEx Express electric van. (FedEx Corp.)

FedEx Corp. announced plans to achieve carbon–neutral operations globally by 2040, with vehicle electrification a key tenet of the strategy.

Joe Howard | Executive Editor
March 3, 2021
Government, Business, Logistics

Shipping Begins for Third Vaccine; J&J Looks for Partners

FedEx refrigerated trailers. FedEx Express will be helping to ship the Johnson & Johnson vaccine. (FedEx Corp.) FedEx refrigerated trailers. FedEx says it will be shipping Johnson & Johnson vaccines. (FedEx Corp.)

As shipping of the third coronavirus vaccine begins, Johnson & Johnson is looking for manufacturing partnerships to increase supply of its COVID-19 vaccine that was cleared Feb. 27 by U.S. regulators, Chief Executive Officer Alex Gorsky said.

Riley Griffin | Bloomberg News
March 1, 2021
Government, Business, Logistics

Snow, Ice May Stall Vaccine Shipments

Cars parked for several days in Chicago Feb. 16, 2021 are covered in cumulative snow. Cars parked for several days in Chicago Feb. 16, 2021 are covered in cumulative snow. A storm dumped up to 18 inches in the greater Chicago area. (Charles Rex Arbogast/Associated Press)

The U.S. vaccine supply is increasing to 13.5 million doses per week, up from 11 million, but harsh winter weather may slow the pace temporarily.

February 16, 2021
Business, Breaking News

FedEx Announces Leadership Changes for Freight, Ground Divisions

A FedEx Freight Truck A FedEx Freight truck on a highway in Kentucky. (John Sommers II for Transport Topics)

FedEx Corp. has announced that Lance Moll will be the next president of FedEx Freight. He replaces John A. Smith, who will take over FedEx Ground upon the July retirement of current president Henry Maier.

Joe Howard | Executive Editor
January 26, 2021
Business, Logistics, Top 50, Top 100

FedEx Adds New Fee for Big Shippers, Fueled by E-Commerce

Drivers for an independent contractor to FedEx unload a ground truck in Chicago. (Christopher Dilts/Bloomberg News) Drivers for an independent contractor to FedEx unload a ground truck in Chicago. (Christopher Dilts/Bloomberg News)

FedEx Corp. plans to add a new surcharge for its largest customers, citing higher pandemic-related costs and indicating that robust demand continues to give couriers considerable power to dictate prices.

Thomas Black | Bloomberg News
January 15, 2021
Business, Logistics, Top 50, Top 100

FedEx Reports Record FY Q2 Net Sales of $20.5 Billion

FedEx truck A FedEx Ground truck drives through Chicago on Nov. 30. (Christopher Dilts/Bloomberg)

The global surge in e-commerce brought on by the coronavirus pandemic combined with online holiday shopping sent net quarterly sales for FedEx Corp. above $20 billion for the first time in its history, and led to an increase in net income as well, the company reported Dec. 17.

Dan Ronan | Associate News Editor
December 17, 2020
Government, Business, Logistics, Top 100

UPS, FedEx Trucks Begin Vaccine Shipments

A UPS truck loaded with the Pfizer-BioNTech COVID-19 vaccine A UPS truck loaded with the Pfizer-BioNTech COVID-19 vaccine leaves the Pfizer Global Supply Kalamazoo manufacturing plant in Portage, Mich., Dec. 13, 2020. (Morry Gash, Pool/Associated Press)

KALAMAZOO, Mich. — The first shipments of a COVID-19 vaccine for widespread use in the United States headed Dec. 13 from Michigan to distribution centers across the country, with the first shots expected to be given in the coming week to health care workers and at nursing homes.

December 13, 2020
Business, Logistics, Top 50, Top 100

FedEx to Buy ShopRunner in E-Commerce Push

A FedEx employee carries a box before loading into a van at a coronavirus testing facility in New Jersey. A FedEx employee carries a box before loading into a van at a coronavirus testing facility in New Jersey on March 21. (Angus Mordant/Bloomberg News)

FedEx Corp. has agreed to acquire ShopRunner, an e-commerce service that provides shipping for more than 100 brands, as the courier seeks to deepen its ties with online shoppers.

Thomas Black | Bloomberg News
December 2, 2020
Business, Logistics, Top 50

North America’s Busiest Cargo Airports

Miami Airport A cargo terminal at Miami International Airport. (YouTube)

While it remains to be seen how the pandemic might shift air freight patterns over the long term, this listing of the 100 busiest cargo airports in North America provides an overview of the most important hubs for air freight.

November 13, 2020

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