FedEx News Updates

FedEx Corp. is elevating Raj Subramaniam to the position of president and chief operating officer in the wake of the departure of David Bronczek, who the company said is making a “personal decision” to retire.

FedEx Logistics will move its global headquarters to the former Gibson Guitar factory building in Memphis, Tenn., according to a Feb. 12 press release.

FedEx Corp., looking beyond Amazon.com Inc. for growth in e-commerce, is introducing a new late-night shipping option for retailers who want to speedily send orders directly to online customers.

FedEx Corp. shares plunged Dec. 19, after its “jarring” cut to annual forecasts and bleak commentary about European economy and global trade alarmed the market.

FedEx Corp. reported a 20.6% increase in net income in its fiscal second-quarter financial results released Dec. 18.

Five years on, Amazon.com Inc.’s chief executive officer is betting on decidedly more terrestrial technology: Drivers. As in real people. Tens of thousands of them. High-tailing it through town in gas-slurping vans to leave packages on doorsteps just like the milkman, postal worker, UPS guy and pizza dude before them.

Procrastinators take note: The deadline is fast approaching to get those gifts in the mail to arrive by Christmas Eve.

FedEx Corp. on Dec. 7 announced that FedEx Express President and CEO David Cunningham will retire effective Dec. 31.

FedEx Corp. will raise general rates on Jan. 7, according to a statement the company released on Nov. 5, reflecting tight capacity and greater demands from a strong economy.

FedEx Corp. will boost most prices by an average of 4.9% starting in January, more than double the expected rate of U.S. inflation next year, as freight demand surges.