FedEx is accelerating the overhaul of its express and package delivery networks to eliminate excess capacity and improve customer service.
Labor peace was won at what will be higher costs for shippers and carriers.
FedEx’s color-coded air network is designed to bolster FedEx Express’ margins amid continued macro weakness and other headwinds.
FedEx pilots are experiencing significant pay decreases because there isn’t enough flying to go around. The company is pushing cockpit crews to take jobs at a regional passenger airline.
August was a better month, but express carriers are still flying less than they were a year ago because of slow shipping demand.
FedEx is downsizing its fleet again during the next 12 months to match weak international and domestic package shipping demand, and save money.
Year-on-year revenue at FedEx was down $2.7 billion, while diluted earnings per share beat estimates slightly; CFO Michael Lenz plans to retire at the end of July.
The board of the FedEx pilots union has endorsed a contract agreement and sent it to members for an up-or-down vote.
FedEx has prevented a potential strike by its pilots by agreeing to a contract that still must be approved by members of the pilots union.
FedEx Express is quadrupling throughput at one of its airport gateways in Australia.
FedEx celebrates its golden anniversary of operations with its most intense few years in decades ahead of it.
UBS’ Tom Wadewitz says more clarity on cost-cutting actions provides a “long runway” for stock.
FedEx will exit a maintenance facility at LAX and send the work to its Indianapolis hub to increase efficiency.
The FedEx Ground unit flexed its muscles in the third quarter with strong operating income and cost-reduction prowess.
Volume weakness persists at FedEx, but cost reductions are acting as strong offsets.
Las acciones suben después de horas como los inversionistas aplauden la cadencia de las reducciones de costos
Company looks to push a more agile air network.
Los despidos sin precedentes en FedEx han dejado atónitos a empleados actuales y antiguos
For more than 50 years, a familylike bond has existed between FedEx management and employees. After a round of job cuts unprecedented in scope, that bond rests on shaky ground.
Las acciones suben porque la empresa se pone religiosa con la reducción de costos
