FedEx News Updates

FedEx has eclipsed rival UPS as the largest U.S. parcel carrier by market value for the first time. The shift in market value leadership marks a historic reversal for the two biggest U.S. parcel carriers.

Thousands of companies are angling for refunds on President Donald Trump’s tariffs, many of which were ruled unconstitutional Feb. 20. Now some retail customers are joining the scrum.

The justices were silent on the refund question, leaving questions of payback to the New York-based U.S. Court of International Trade. No one expects a speedy resolution.

Logistics giant FedEx said in a Feb. 26 statement that it will return any tariff refund it might get to shippers and customers who paid them.

After the Supreme Court struck down President Trump’s global tariffs, transportation firms face uncertainty over whether and how billions in collected duties will be refunded.

FedEx said in a filing that it has suffered injury from having to pay the tariffs and that the relief it's seeking from the court would redress those injuries.

FedEx CEO Raj Subramaniam believes technological advancements around digital intelligence have set the current moment apart, with their ability to act as a value multiplier.

Aurora Innovation is about to triple its driverless truck network, expanding to 10 routes, after validating operations between Fort Worth, Texas, and Phoenix, the company said Feb. 11.

The gauge — which contains industry stalwarts such as CSX, FedEx and Old Dominion Freight Line  — has been catapulted higher by strong data and a pivot away from the big tech winners of the last few years. 

Investors led by buyout firm Advent International and FedEx are seeking to buy Polish parcel-locker company InPost in a deal that values the business at $9.3 billion.