FedEx Ground

Business, Logistics, Top 50, Top 100

FedEx Posts Loss in Q4, Shows Improvement From Year Ago

FedEx Ground truck A FedEx worker wearing a mask unloads a truck in Dallas, on May 27, 2020. Texas Gov. Greg Abbott allowed bars to open their doors at reduced capacity in the second phase of the state’s plan to restart the economy. (Cooper Neill/Bloomberg News)

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.

Dan Ronan | Associate News Editor
July 1, 2020
Business, Top 50, Top 100, TCA

FedEx Ground to Close Pennsylvania Facility, Cutting 186 Jobs

An employee secures the cargo area door of a delivery truck at a FedEx Ground distribution center in New Jersey in August 2018. An employee secures the cargo area door of a delivery truck at a FedEx Ground distribution center in New Jersey in August 2018. (Marc McAndrews/Bloomberg News)

FedEx Ground will be shutting down its package delivery facility in Clinton, Pa., on May 16, eliminating 186 jobs.

Patricia Sabatini | Pittsburgh Post-Gazette
March 27, 2020
Business, Logistics

FedEx Ground Begins FedEx Home Delivery on Sundays

FedEx Ground truck and driver in snow next to house FedEx said that during the 2019 peak holiday shipping season, FedEx Ground experienced 42% year-over-year growth in FedEx Home Delivery package volume. (FedEx)

FedEx Ground has launched year-round Sunday deliveries for its residential FedEx Home Delivery service for the majority of the U.S. population, according to parent company FedEx Corp.

Jim Stinson | Staff Reporter
January 22, 2020
Government, Business

Utah Trucking Companies Allegedly Bribed FedEx Ground Executive

Utah Trucking Companies A FedEx Ground truck. (Rogelio V. Solis/Associated Press)

Federal indictments unsealed last month in Utah allege that 10 individuals participated in a decadelong scheme to pay a senior FedEx Ground manager in the state $1 million in bribes to steer business to trucking companies complicit in the plan, netting the companies hundreds of millions of dollars in fraudulent and unauthorized contracts.

Eric Miller | Senior Reporter
November 6, 2019
Business

FedEx Quarterly Profits Decline on TNT Cyberattack, Hurricane Harvey

FedEx Freight FedEx Freight, North America’s largest LTL, posted gains in quarterly revenue, operating income, margin and revenue per hundredweight. (John Sommers II/Transport Topics)

FedEx Corp. remained profitable during the three months ended Aug. 31, but at a lower level than a year ago as the Memphis, Tenn.-based carrier had to overcome challenges from a malware attack in Europe as well as Hurricane Harvey in southeast Texas.

Jonathan S. Reiskin | Associate News Editor
September 21, 2017
Business, Logistics

FedEx Posts $3 Billion Profit in Fiscal 2017; Freight Division Lags Express, Ground

FedEx truck Christopher Dilts/Bloomberg News

FedEx Corp. reported a sharp increase in annual profits, rocketing 65% year-over-year and easily beating forecasts by a consensus of industry analysts.

Ari Ashe | Staff Reporter
June 26, 2017
Business

Judge Rules for 2 Large Fleets in Cases Involving Contractors

John Sommers II for TT

Two of the nation’s largest trucking companies won legal victories in Massachusetts when a U.S. District Court judge overturned two of his earlier decisions on independent contractor cases so they would line up with an appeals court decision.

February 16, 2015