FedEx Boosts Profit Forecast, Cites Cost Cuts as Effective
FedEx Corp.’s shares jumped the most in nine months after the courier boosted its profit outlook, signaling efforts to cut costs are helping counter a decline in package volume.
FedEx Pilots Plan Strike Authorization Vote as Labor Talks Stall
FedEx Corp. pilots are inching closer to a potential strike as negotiations stall on a new labor agreement.
FedEx Express’ Bolduc Looks to Turn Back the Clock
Five years ago, Roland Bolduc was grand champion at the National Truck Driving Championships. He's hoping history repeats itself in August.
FedEx to Invest $100 Million in Logistics Company in India
FedEx Express Corp. on July 16 said it has entered into equity and commercial agreements with Delhivery, a logistics and supply chain services company in India, which will utilize their combined strengths to unlock India’s international trade potential.
FedEx Posts Loss in Q4, Shows Improvement From Year Ago
FedEx said its fourth-quarter net income was a loss of $334 million, or negative $1.28 a share, compared with a loss of $1.97 billion, or negative $7.56 a share, in the 2019 period.
FedEx Names Don Colleran New CEO of Express
FedEx Corp. named company veteran Don Colleran president and chief executive officer of FedEx Express, the latest change linked to a shakeup of the shipping company’s top executives last month.March 19, 2019
FedEx Express Agrees to Buy International Business From Israeli Firm
FedEx Express is acquiring the international express delivery business of Flying Cargo Group, a company based in Israel that has been a service partner with FedEx since 1990, company officials announced Jan. 15.January 25, 2019
Ryder Buys 900 Commercial Electric Vehicles From Chanje
Ryder System Inc. announced it is buying 900 Class 5 electric vehicles from truck maker Chanje Energy Inc., and that FedEx Corp. will lease the vehicles from Ryder and buy 100 of the same all-electric trucks itself.
FedEx Posts $3 Billion Profit in Fiscal 2017; Freight Division Lags Express, Ground
FedEx Corp. reported a sharp increase in annual profits, rocketing 65% year-over-year and easily beating forecasts by a consensus of industry analysts.