FedEx
The 2019 Top 50 Global Freight Carriers: Growth Continues Despite Trade Tensions
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.
November 18, 2019North America's Busiest Cargo Airports
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.
November 18, 2019FedEx E-Commerce Revamp Jolts Delivery Army by Piling on Costs
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.
October 28, 2019FedEx Completes First Commercial Drone Delivery
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, 2019FedEx Files $212 Million Building Permit for World Hub in Tennessee
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, 2019FedEx Will Hire 55,000 for Holiday Season
Andrea Morales/Bloomberg
FedEx Corp. will hire 55,000 additional workers for the holiday season, the parcel delivery company announced Sept. 20.
September 23, 2019UPS Shipments Swell in Amazon Era
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.
September 19, 2019FedEx Posts Drop in Q1 Profit, Decreases Forecast for Fiscal 2020
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.
September 17, 2019FedEx Announces 2020 Rate Increases
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.
September 16, 2019FedEx Expands Logistics Presence in Latin America
FedEx Corp. on Aug. 30 agreed to acquire a Colombian freight-forwarding company and its affiliate to expand its FedEx Logistics offerings in Latin America.
September 3, 2019