FedEx Corp. reported its fiscal third-quarter net income rose 5% to $378 million, or $1.23 per share, from $361 million, or $1.13, a year ago, as difficult operating conditions held back stronger earnings improvement.
March 19, 2014Business
FedEx Freight to Open Container Freight Station in Chicago
FedEx Freight said it will open a container freight station at its Chicago Summit, Ill., facility to consolidate and sort freight bound for Puerto Rico.
March 27, 2014Business
FedEx’s 3Q Profit Increases 5%, Slowed by Weather Disruptions
Hampered by what CEO Frederick Smith described as the worst winter weather in company history, FedEx Corp. last week reported quarterly profit growth of 5% to $378 million, or $1.23 a share.
March 24, 2014Business
FedEx Trade Networks Names New CEO
FedEx Trade Networks said it has named Jack Muhs its new CEO.
February 10, 2014Business
FedEx’s Net Income Surges 14% as Results Improve at All Units
FedEx Corp. said its net income improved 14% to $500 million, or $1.57 per share, for the fiscal second quarter ended Nov. 30, as results rose at all units.
December 23, 2013Business
FedEx’s Income Grows 14%
Parcel carrier FedEx Corp. said its income grew 14% in its fiscal second quarter, driven largely by improvements in its Express airfreight unit.
December 18, 2013Business
FedEx Ground Sets 4.9% Rate Increase for 2014
FedEx Ground will raise its 2014 rates by an average 4.9%, the company announced Dec. 5.
December 5, 2013Business
FedEx Has Busiest Day in Company History on Cyber Monday
FedEx Corp. said it had its busiest day in company history Cyber Monday, moving more than 22 million shipments worldwide.
December 3, 2013Business
FedEx Freight’s Logue Urges Improvements in Freight Movement
HOUSTON — FedEx Freight President William Logue stepped beyond his role in less-than-truckload to open the convention of three trade associations here by urging attendees to redouble their efforts to overcome barriers to infrastructure, regulatory and technological barriers that slow domestic and global commerce.
November 18, 2013Business
Activist Investor Loeb Acquires Stake in FedEx
Daniel Loeb, an activist investor who has advocated for major changes at companies such as Sony Corp. after investing in them, has taken a stake in parcel carrier FedEx Corp. through his Third Point hedge fund, Bloomberg News reported.
November 13, 2013