FedEx

Business, Technology, Logistics

UPS, FedEx Face Stress Test From Amazon’s ‘Christmas Creep’

A UPS delivery driver pushes a hand truck loaded with packages in San Francisco. A UPS delivery driver pushes a hand truck loaded with packages in San Francisco. (David Paul Morris/Bloomberg News)

FedEx Corp. and UPS Inc. are girding for their biggest test yet in the e-commerce era, with “Christmas Creep” pushing the holiday shopping season ever earlier and stretching the limits of shipping networks already strained by the COVID-19 pandemic.

Thomas Black | Bloomberg News
October 14, 2020
Business, Technology, Logistics, Autonomous

FedEx Seeks to Add Small Self-Flying Planes for Remote Areas

A FedEx cargo plane sits parked at San Diego International Airport on April 27. A FedEx cargo plane sits parked at San Diego International Airport on April 27. (Bing Guan/Bloomberg News)

FedEx Corp. is looking at using small self-flying cargo planes to serve remote areas after experimenting with a technology startup on autonomous aircraft, CEO Fred Smith said.

Thomas Black | Bloomberg News
September 21, 2020
Government, Business, Top 50, Top 100

FedEx Posts Strong Quarterly Earnings, Fueled by E-Commerce

A FedEx truck is unloaded in Dallas A FedEx driver unloads boxes in downtown Dallas. (Cooper Neill/Bloomberg News)

A huge surge in e-commerce deliveries to homes and businesses because of the COVID-19 pandemic boosted FedEx Corp.’s fiscal first-quarter earnings when the delivery giant reported its financials Sept. 15.

Dan Ronan | Associate News Editor
September 15, 2020
Business, Top 100

FedEx Prepares for Unprecedented Surge Ahead of Holidays

A FedEx Ground truck FedEx Ground is expanding its year-round Sunday residential coverage to nearly 95% of the country. (FedEx)

FedEx Corp. is positioning itself for what it is predicting will be an unprecedented peak holiday shipping season, the company said Sept. 8.

Connor D. Wolf | Staff Reporter
September 9, 2020
Business, Logistics, Top 50, Top 100

UPS Holiday Season Hiring Will Top 100,000 Amid E-Commerce Boom

UPS plans to hire more than 100,000 seasonal works to weather the holiday season. UPS plans to hire more than 100,000 seasonal works to weather the holiday season. (Ken James/Bloomberg News)

UPS Inc. said it will hire more than 100,000 seasonal workers to help handle an expected avalanche of holiday packages from online orders this year as shoppers avoid stores during the coronavirus pandemic.

Thomas Black | Bloomberg News
September 9, 2020
Business, Logistics

FedEx to Increase Peak Hiring 27% for ‘Unprecedented’ Season

A FedEx delivery truck is unloaded A FedEx delivery truck is unloaded. (Neill Cooper/Bloomberg News)

FedEx Corp. plans to hire about 70,000 seasonal workers to handle the holiday surge of packages, a 27% increase from last year’s peak, in what is expected to be an unprecedented level of delivery demand.

Thomas Black | Bloomberg News
September 3, 2020
Business, Logistics

UPS, FedEx Out to Prove They Can Profit in Holiday Season

A UPS delivery driver in Louisville, Ky. A UPS delivery driver wears a protective mask while driving a truck in Louisville, Ky. (Luke Sharrett/Bloomberg News)

UPS Inc. and FedEx Corp., riding high from record package deliveries amid the coronavirus pandemic, are moving on to their next objective: showing investors they can boost profit in the approaching onslaught of the holidays.

Thomas Black | Bloomberg News
August 20, 2020
Business, Logistics, Top 50, Top 100

FedEx Joins UPS, USPS in Adding Fees as Holiday Delivery Surge Looms

FedEx said on Aug. 18 it would add a surcharge ahead of the holiday season. A worker unloads packages from a FedEx delivery truck in New York. The company joins UPS and USPS in adding a delivery surcharge ahead of the holiday season. (Michael Nagle/Bloomberg News)

FedEx Corp. is joining a rush to apply extra holiday fees on high-volume shippers as couriers brace for a new jump in residential deliveries during the year-end peak season.

Thomas Black | Bloomberg News
August 18, 2020
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

Pages