Wednesday’s announcement of high-level cost cuts, along with word of 12,000 job reductions in all, has sent shares soaring and analysts reevaluating opinions of the company.
FedEx Express is looking to trim fat at the largest cargo airline in the world and lean on rental fleets to fill in needs.
FedEx cargo jets will waste less time de-icing during the winter at the Memphis, Tennessee, airport thanks to a new consolidated treatment facility.
La esperanza de una mejora de los envíos en 2023 depende de los niveles de inventario y de las políticas COVID de China
Airlines and logistics companies realize air cargo business will be lower this year. Talk of a 2023 upturn is more based on hope than economic signals.
FedEx’s airline unit is taking down many flights to save money as it scrambles to counter a steep decline in shipping revenue.
FedEx will suspend money-back guarantees on U.S. and air export next-day air shipments for nearly three weeks.
FedEx Ground cited weakening macro conditions in reducing its holiday demand forecast.
FedEx Express and the union representing its pilots on Wednesday filed for federal mediation with the National Mediation Board to help unglue contract negotiations that began in May 2021. The joint filing by FedEx (NYSE: FDX) and the Air Line Pilots Association requests expedited mediation under the Railway Labor Act. FedEx pilots are disgruntled by […]
FedEx acquires 7.9 million shares at a cost of $1.5 billion.
FedEx will cut 11% of trans-Pacific flights, 9% of trans-Atlantic flights and 17% of Asia-Europe capacity.
FedEx Corp. announces most U.S. shipments must be tendered by Dec. 14, one day earlier than last year’s deadline, if they are going to arrive in time for Christmas.
FedEx says it will move up the start date of its peak-season surcharges to Sept. 5.
FedEx pilots want a rich new labor deal to keep up with their counterparts at United and UPS.
The baby formula crisis is still acute. FedEx and United Airlines are helping out by delivering new shipments of formula from overseas on Thursday.
The latest baby formula developments include relaxed regulations to support more imports, an air cargo pipeline and congressional scrutiny.
UPS’ surcharges close in on rival FedEx’s levies.
FedEx Express will test a Chaparral autonomous drone for middle-mile transport of air cargo.
Raj Subramaniam, presidente, se convertirá en consejero delegado cuando el fundador ceda su puesto el 1 de junio
FedEx founder will leave the CEO role June 1, succeeded by Raj Subramaniam, the company’s president.
