Government, Business, Logistics

FedEx Disputes Report on Federal Taxes Paid in 2018

FedEx CEO Mike Smith FedEx CEO Fred Smith by Andrew Harrer/Bloomberg News

The CEO of FedEx Corp. came out swinging after a news report called into question the company’s track record on capital investments and tax payments in the wake of federal tax reform efforts.

Jim Stinson | Staff Reporter
November 26, 2019
Government, Business, Top 50

The 2019 Top 50 Global Freight Carriers: Growth Continues Despite Trade Tensions

A containership docked at the Port of Rotterdam. A containership docked at the Port of Rotterdam. (Katie Pyzyk for Transport Topics)

All but a handful of the companies ranked on the 2019 Top 50 Global Freight Carriers list posted higher freight revenues in 2018 than the previous year, as the majority of the world’s largest freight carriers continued to enjoy strong demand in many key markets.

Seth Clevenger | Managing Editor, Features
November 18, 2019
Business, Top 50

North America's Busiest Cargo Airports

UPS Worldport UPS employees load containers onto planes at UPS Worldport in Louisville, Kentucky, in 2012. (John Sommers II for Transport Topics)

Where North American airports ranked in terms of cargo pounds transported.

Seth Clevenger | Managing Editor, Features
November 18, 2019
Business, Technology, Logistics, Top 100

FedEx E-Commerce Revamp Jolts Delivery Army by Piling on Costs

FedEx truck John Sommers II for Transport Topics

FedEx Corp.’s drive to reap the rewards of e-commerce is stirring anxiety among some of the company’s most important partners: the thousands of small businesses that handle its ground deliveries.

Thomas Black | Bloomberg News
October 28, 2019
Business, Technology, Autonomous

FedEx Completes First Commercial Drone Delivery

FedEx drone delivery in partnership with Alphabet's Wing. The drone makes its delivery. (FedEx Corp.)

FedEx officials said the company’s test drone program completed the first U.S. residential delivery of commercial goods, a scheduled trip to a home in Christiansburg, Va., on Oct. 18.

October 21, 2019
Government, Business, Logistics, Top 100

FedEx Files $212 Million Building Permit for World Hub in Tennessee

FedEx boxes FedEx

MEMPHIS, Tenn. — FedEx officials confirm the company has filed a building permit for its new package sorting facility and world hub in Tennessee.

October 17, 2019
Business, Logistics, Top 100

FedEx Will Hire 55,000 for Holiday Season

FedEx trailers Andrea Morales/Bloomberg

FedEx Corp. will hire 55,000 additional workers for the holiday season, the parcel delivery company announced Sept. 20.

Jim Stinson | Staff Reporter
September 23, 2019
Business, Technology, Logistics, Top 100

UPS Shipments Swell in Amazon Era

UPS and FedEx trucks UPS is thriving while FedEx has struggled to thrive in e-commerce sphere. (Christopher Dilts/Bloomberg News)

A $20 billion investment spree detailed by UPS CEO David Abney last year, a plan that initially rattled Wall Street, is bearing fruit. Profit margins are improving even as 112-year-old Big Brown copes with swelling volume from voracious online shoppers, who are typically less lucrative to serve than business customers.

Thomas Black | Bloomberg News
September 19, 2019
Business, Logistics

FedEx Posts Drop in Q1 Profit, Decreases Forecast for Fiscal 2020

FedEx truck FedEx reported its first-quarter income was $745 million, compared with $835 million a year ago. (TT file photo)

FedEx Corp.’s fiscal 2020 first-quarter earnings were down as a result of a weakening global economy and increased costs as it expands its service into other business lines, including seven-days-a-week home delivery service, the parcel delivery company said.

Dan Ronan | Associate News Editor
September 17, 2019
Business, Top 100

FedEx Announces 2020 Rate Increases

FedEx will raise rates in January of 2020 FedEx Express and Ground rates will increase 4.9%; FedEx Freight will increase 5.9%. (John Sommers II for Transport Topics)

FedEx Corp. said on Sept. 16 that its customers will see shipping rate increases and surcharges effective Jan. 6, 2020.

Dan Ronan | Associate News Editor
September 16, 2019