FedEx 3Q Profits Increase 11% but Fall Short of Analysts' Target

John Sommers II for TT

FedEx Corp. said its fiscal third-quarter profits rose 11% — despite the negative effects of fuel costs — and that rate increases helped to bolster revenue.

Ari Ashe | Staff Reporter
March 27, 2017

FedEx Profits Up 3.7%, Earnings Forecast Misses Mark

Christopher Dilts/Bloomberg News

FedEx Corp. reported that profits rose 11% year-over-year on higher revenue due to a rate hike last autumn, but lower operating income companywide due to higher fuel costs, one fewer operating day at FedEx Express and FedEx Ground, and higher costs to expand the Ground network.

Transport Topics
March 22, 2017

FedEx Expands Footprint at Memphis International Airport

Luke Sharrett/Bloomberg News

Memphis International Airport officials agreed March 16 to lease more land to super-tenant FedEx Corp.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
March 17, 2017

Appeals Court Rules FedEx Drivers in Conn. Are Independent Contractors, Not Employees

John Taggart/Bloomberg News

An appeals court has ruled that FedEx Ground Package System drivers working out of a terminal in Hartford, Connecticut, are independent contractors and not employees of the package carrier.

Eric Miller | Staff Reporter
March 13, 2017
Government, Business

FedEx Executives Logging Face Time With Trump, Pence

Christopher Dilts/Bloomberg News

Top FedEx officials are logging face time with the Trump administration in Washington this week.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
February 9, 2017

FedEx Freight Expands in Kentucky With New Complex

John Sommers II for TT

FedEx Freight is stepping up its presence in Lexington, Kentucky, although the company won’t say by how much.

Cheryl Truman | Lexington (Ky.) Herald-Leader
February 7, 2017

FedEx Pushes for Infrastructure Fix as Trump Weighs Investment

Christopher Dilts/Bloomberg News

The growth of e-commerce is putting enormous new demands on U.S. highways, airports and other infrastructure, which must be modernized with sustainable funding, FedEx Corp. Chairman and CEO Frederick Smith said.

Mark Niquette | Bloomberg News
February 1, 2017

FAA Says Yes to Possible FedEx Facility at Chino Airport

The Federal Aviation Administration has given its nod for a FedEx delivery facility at Chino Airport in San Bernardino County, California.

Neil Nisperos | Inland Valley (Ontario, Calif.) Daily Bulletin
January 25, 2017

FedEx CEO Calls Trump's Withdrawal From Trade Deal 'Unfortunate'

Larry Downing/Reuters

U.S. President Donald Trump should reconsider his positions on international trade and work to embrace China and its vast market, FedEx Corp's CEO said Jan. 24, one day after Trump made good on a campaign promise to pull out of a major trade deal with Asian allies.

Susan Heavey and Nick Zieminski | Reuters
January 24, 2017

FedEx Introduces Package Dropoff, Pickup at Walgreens

Christopher Dilts/Bloomberg News

FedEx customers will be able to drop off and pick up packages at “thousands of Walgreens” locations nationwide, the shipping giant said Jan. 11.

Roger Yu | USA Today
January 11, 2017