Ground unit continues to hobble FedEx results
EPS comes in below estimates as FedEx Ground’s operating income declines.
EPS comes in below estimates as FedEx Ground’s operating income declines.
Richard Smith continues to climb the corporate ladder as he takes over FedEx Express later this year.
Richard Smith sustituirá a Donald Colleran como presidente y CEO de FedEx Express
Ukraine spillover effects now include higher shipping cost for FedEx.
FedEx is facilitating exports from Europe and the U.K. to the U.S. with a new cargo service.
A winter storm is severely impacting express air and air cargo operations in the middle of the country, which could impact deliveries anywhere in the U.S.
President Biden thanked Verizon and AT&T for agreeing to the delay and said the DOT will continue working on safe 5G deployment.
FedEx wants to study the feasibility of putting a laser on planes to divert potential missile strikes. The FAA has shelved its review for the time being.
FedEx wants to put a laser-emitting device on a certain aircraft to protect against a missile attack. By all indications it’s for a very limited test, not a fleetwide procurement.
A confluence of critical events will determine if the company can deliver on its margin improvement pledge.
El transportador desvía los envíos urgentes de carga a la red
de camiones
The omicron variant is depleting aircrews at FedEx just as it has among passenger airlines, resulting in customer delays for both industries.
FedEx Express has taken delivery of the first electric vans as part of a 500-unit order from BrightDrop. The vehicles are in operation in California.
Volume and yield gains powered the Express and LTL units, while staffing shortages and operating inefficiencies continued to hurt the Ground unit.
Holiday shipping deadlines you need to know!
Hong Kong’s strict COVID policies have had economic consequences, especially for its aviation industry.
Fleet management company Merchants Fleet has reserved 5,400 of the EV410, a small electric cargo and utility vehicle being developed by BrightDrop.
FedEx Express has completed the first drone delivery as part of a monthlong test in Ireland, moving a package from Shannon Airport to Foynes Port in under 13 minutes and cutting nearly 40 minutes from a vehicle delivery route.
FedEx doesn’t operate any 747 freighters itself but is hiring Atlas Air to use jumbo jets on its behalf.
Noncontract prices will climb by 5.9% for FedEx’s Express, Ground and Freight services.