Business, Logistics, TCA

FedEx Chief Cites Investment, Integration, Innovation as Driving Record Results

Frederick Smith Aaron M. Sprecher/Bloomberg News

FedEx chief Frederick Smith’s annual letter to shareholders credits three I’s — investments, integration and innovation — for exceptional results in fiscal 2017 and the promise of even better future performance.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
August 16, 2017
Business, Logistics, TCA

FedEx Competing in Tight Labor Market to Staff Round-the-Clock Memphis World Hub

FedEx Employee Andrew Harrer/Bloomberg News

FedEx scheduled at least its fourth job fair of the year Aug. 12 to hire for 800 openings at its Memphis hub. The number of permanent, part-time jobs was the same as in June, down from 1,000 in April and up from 600 in January.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
August 14, 2017

FedEx Won’t Add Surcharge to Most Home Deliveries During Gift-Giving Season

Packages Luke Sharrett/Bloomberg News

FedEx Corp. won't impose a surcharge on most residential deliveries this holiday season, the package delivery giant said.

Jonathan S. Reiskin | Associate News Editor
August 9, 2017
Business, Logistics

FedEx Will Shun Most Home Holiday Fees, Unlike UPS

FedEx and UPS Plane Tomás Del Coro/Flickr

FedEx Corp. will forgo most holiday surcharges on home deliveries this year, drawing a contrast with plans for stepped-up fees at UPS Inc. amid a surge in online shopping.

Mary Schlangenstein | Bloomberg News
August 3, 2017
Business, TCA

FedEx Announces Retirement of Legal Chief Christine Richards

FedEx Corp.’s chief legal officer, Christine Richards, is retiring Sept. 30.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
July 21, 2017

FedEx Says Cyberattack Will Hurt Earnings as TNT Systems Damaged

TNT truck and kid Clemens v. Vogelsang/Flickr

FedEx Corp. said information systems at its TNT delivery unit may not fully recover from a June cyberattack, reiterating that the incident will hit the company’s financial results.

Mary Schlangenstein | Bloomberg News
July 17, 2017
Business, Equipment, Logistics

Intermodal Operators Expand in E-Commerce as Online Retailers Seek to Control Costs

Train Jerry Huddleston/Flickr

Intermodal rail and trucking companies are competing to meet the transportation needs of e-commerce businesses while adapting to how these new supply chains differ from those of traditional brick-and-mortar retailers.

Ari Ashe | Staff Reporter
July 13, 2017
Business, TCA

FedEx Planning Van Facility in Colorado

FedEx van sunsurfr/Flickr

FedEx Corp. is planning a major van facility in Louisville as it expands and modernizes its ground service, according to documents on file with the Louisville Planning Department.

Jerd Smith | Daily Camera (Boulder, Colo.)
July 13, 2017
Business, Technology

FedEx, Boeing Announce Big Cargo Freighter as Next ‘Flying Testbed’

FedEx Corp.

A Boeing 777 made for FedEx Express will be the latest in the aircraft manufacturer’s ecoDemonstrator series of planes designed to test emerging technologies.

Wayne Risher | The Commercial Appeal (Memphis, Tenn.)
July 7, 2017
Business, Technology

FedEx’s TNT Unit ‘Significantly’ Affected by Cyberattack

Colin McPherson/Bloomberg News

FedEx Corp. said the worldwide operations and communications systems of its TNT Express unit in Europe have been “significantly” affected by a cyberattack, causing delays in deliveries.

Mary Schlangenstein | Bloomberg News
June 29, 2017