FedEx says its new strategy to provide premium logistics services for industrial companies has resulted in new contracts to move aircraft engines and auto parts.
FedEx Freight reported Thursday that volumes continue to stabilize, and it anticipates stronger operating leverage next year, bolstered by business wins and an improved freight mix from its dedicated sales teams.
FedEx posted positive third quarter results on volume growth and better pricing and anticipates a strong peak season.
FedEx has named a retail executive to be its next CFO.
A FedEx driver discovered a missing cargo-door lock and nearly $1 million in stolen trading cards outside a California grading facility. Detectives are reviewing his account and seeking surveillance footage to determine how the shipment disappeared.
A new FedEx system for booking temperature-controlled shipments is making life easier for pharmaceutical customers in Europe.
FedEx and UPS have turned surcharges into a profit center rather than a pass-through mechanism for unforeseen costs.
The data center boom has become a lucrative market for logistics companies, especially in the Asia-Pacific and United States.
FedEx Dataworks is helping Stripe vet small businesses for working capital.
As part of ongoing efforts to differentiate themselves from basic courier services, FedEx and UPS are promoting new and updated shipping security and risk intelligence tools designed to reduce losses and streamline claims processes.
FedEx has unloaded its Supply Chain subsidiary to CMA CGM Group for $1.4 billion to concentrate on its freight transportation and parcel delivery services.
Harbinger calls it one of the largest binding orders ever placed for medium- or heavy-duty electric trucks. All 2,000 units are slated for delivery by the end of 2027.
FedEx Freight announced that it has terminated Chief Specialized Services and Commercial Officer Mike Lyons, who was appointed to the role ahead of the company’s spinoff from FedEx Corp.
FedEx plans to invest $400 million at two airports in India to upgrade its air cargo facilities.
FedEx founder Fred Smith was memorialized with the renaming of Memphis airport in his name and the ceremony included the arrival of a FedEx Boeing 777 freighter painted with a throwback brand design.
UPS’s next contract with the Teamsters union in two years will determine its own fate in parcel delivery and create monumental change at Amazon, FedEx, the U.S. Postal Service, Walmart and other couriers, according to an industry expert.
FedEx is ramping up a test program for robotic trailer loading at one of its large package distribution facilities.
Consumers now expect free delivery in 2.6 days, down from 3.4. Meeting that promise pushed more than half of retailers past FedEx, UPS and the Postal Service.
FedEx is adding a new import fee for the European Union and increasing delivery and pickup surcharges for more than 200 zip codes, as it continues to squeeze customers for revenue by means other than general rate increases.
FedEx has launched a life sciences division, building on its healthcare logistics infrastructure to provide more end-to-end services.
