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.
The battle over a proposal that would radically change the Amazon business model in New York ready to resume in coming weeks. (Photo: Jim Allen\FreightWaves)
FedEx is selling off its supply chain services division to CMA CGM, which will fold the business into its Ceva Logistics subsidiary.
FedEx is slowly redeploying its fleet of MD-11 aircraft that were grounded for seven months following the fiery crash of a UPS freighter, but has also decided to retire 10 aging aircraft.
FedEx reported strong quarterly results, driven by growth in package volumes and yields as the company focuses on high-margin logistics business.
FedEx says it has significantly reduced cargo backlogs at its warehouses in Vietnam after a messy switch to a new ground delivery partner and new technology system.
FedEx pilots have finally approved a collective bargaining agreement after years of labor unrest.
FedEx and China Southern Cargo promise to work together on finding joint cargo efficiencies.
