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

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
Business, Technology, Fuel, Top 100

FedEx to Add 42 Electric Charging Stations in California

FedEx Chanje vehicle Ryder System Inc.

FedEx Corp. plans to electrify 42 FedEx stations in California, in the next phase of its electric vehicle rollout — calling it one of the largest deployments of integrated charging infrastructure by a single commercial fleet to date.

February 28, 2020
Business, Logistics

FedEx Rearranges Deliveries in Efficiency Push

A FedEx worker unloads packages from a truck in New York on Dec. 2, 2019. A FedEx worker unloads packages from a truck in New York on Dec. 2, 2019. (Michael Nagle/Bloomberg News)

FedEx Corp. is revamping its operations to hand off some deliveries from its overnight division to its separately run ground business, in an effort to wring more profit from surging e-commerce.

Thomas Black | Bloomberg News
February 7, 2020
Business, Technology, Logistics, Autonomous

UPS to Expand Service, Capacity, Add Operation Hours

UPS A UPS driver makes a delivery. The company said weekend network enhancements will expand residential and commercial Saturday volumes by reaching an additional 40 million U.S. consumers. (UPS Inc.)

UPS Inc. rolled out a series of offerings Jan. 29 aimed at improving service to small and midsize businesses, including an extension of weekend operations.

Jim Stinson | Staff Reporter
January 29, 2020
Business, Logistics

FedEx Ground Begins FedEx Home Delivery on Sundays

FedEx Ground truck and driver in snow next to house FedEx said that during the 2019 peak holiday shipping season, FedEx Ground experienced 42% year-over-year growth in FedEx Home Delivery package volume. (FedEx)

FedEx Ground has launched year-round Sunday deliveries for its residential FedEx Home Delivery service for the majority of the U.S. population, according to parent company FedEx Corp.

Jim Stinson | Staff Reporter
January 22, 2020
Business, Top 100

Amazon Lifts Restriction on Sellers Using FedEx to Ship Packages

FedEx workers unload package FedEx workers unload packages from a truck in New York City in December. (Michael Nagle/Bloomberg News)

Amazon .com Inc. lifted restrictions established during the holiday shopping season that had prevented third-party merchants selling goods on the site from shipping packages with FedEx Corp.’s ground service.

January 14, 2020
Business, Logistics, Top 100, TCA

FedEx Begins Construction on Distribution Facility in Florida

FedEx trailers Andrea Morales/Bloomberg

Construction has begun on a 42,000-square-foot FedEx distribution center near the airport in Gainesville, Fla.

Emily Mavrakis | The Gainesville (Fla.) Sun
January 7, 2020