FedEx is accelerating the overhaul of its express and package delivery networks to eliminate excess capacity and improve customer service.
FedEx’s color-coded air network is designed to bolster FedEx Express’ margins amid continued macro weakness and other headwinds.
Despite posting operating and net income gains in its fiscal 2024 second quarter, FedEx cut its full-year revenue forecast.
A former contractor alleges that it was fraudulently induced to sign a contract with FedEx Ground.
Spencer Patton says a widening wage and benefit gap with rival UPS will make it hard for FedEx Ground contractors to recruit qualified drivers.
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.
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.
The FedEx Ground unit appears to be looking to work directly with contractors rather than through consultants and brokers.
Things get noisy at the union’s two-day meeting to begin reviewing thousands of negotiating proposals.
El número 2 del sindicato dice que la neutralidad de costos está fuera de juego, ya que espera obtener de UPS lo que “merecen sus miembros”.
About 15% of deliveries scheduled for Friday and Saturday will not make it by Christmas, ShipMatrix says.
FedEx must convince stakeholders that it will stay the course on cost reductions.
Each carrier will come in below the other on certain services, but the net effect will be a wash, TransImpact says
AskWaves: Los directivos deben anular las vacaciones de julio y agosto, lo que indica que la empresa seguirá abierta
Since this isn’t 1997, UPS will stay open because it wants to keep business in a changed world for parcel delivery.
A week after authorities say FedEx contractor Tanner Lynn Horner confessed to killing 7-year-old Athena Strand and dumping her body near her home in Paradise, Texas, investigators have released new information about Strand’s death.
The on-time delivery rates for the November shopping holidays were better than in 2021, Ship Matrix said.
The shift from an alliance with the Postal Service to an in-house operation hasn’t gone as well as hoped for FedEx.
A FedEx Ground driver has been arrested and is facing capital murder and aggravated kidnapping charges after the body of 7-year-old Athena Strand was found Friday evening less than 10 miles from her home in Paradise, Texas.
UPS has raised rates on the last-mile delivery product it operates in concert with the U.S. Postal Service.
The Trade Association for Logistics Professionals said it was not the “appropriate vehicle” to engage in dialogue between FedEx Ground and its delivery contractors.
E-commerce platform Cart.com is working with FedEx to streamline the online shopping experience for merchants and consumers.
The furloughs are set to begin in early December, and will be voluntary, the unit says.
La medida está pensada para adecuar las necesidades de personal a la ralentización de la demanda de LTL, según la unidad
FedEx Ground cited weakening macro conditions in reducing its holiday demand forecast.
FedEx will cut 11% of trans-Pacific flights, 9% of trans-Atlantic flights and 17% of Asia-Europe capacity.
FedEx says weak international demand was the issue behind its fiscal first quarter pre-announcement. But the signs point to company-specific deficiencies.
La compañía sorprende al mundo financiero y del transporte al preanunciar unos resultados débiles y retirar las directrices para todo el año
A Pitney Bowes survey finds that 41% of respondents believe Sunday service is important. But three-quarters don’t think it will happen.
With Teamsters contract talks looming, UPS is loath to step into a fight where a carrier is at odds with its drivers.
A survey sent to FedEx Ground’s contractors asks if they have faith in CEO John Smith’s ability to lead the unit.
Former contractor Spencer Patton’s interlocking business structure allows him to keep profiting from FedEx Ground, even if he no longer drives for the company.
Patton queda fuera de la red, con efecto inmediato
FedEx unit drops Spencer Patton’s companies from its contractor network, says it has contingency plans to pick up the slack.
FedEx Ground’s lawsuit alleges Spencer Patton is creating a contrived crisis with contractors to benefit one of his businesses, Route Consultant.
Spencer Patton dice que no puede operar sin la ayuda de la compañía para su negocio
Spencer Patton said he can no longer operate his business past Black Friday unless the FedEx unit renegotiates his contract.
FedEx Ground contractor Spencer Patton has backed off a request for a 50-cent increase per stop and a 20-cent-per-mile hike for solo and team runs by contractors between hubs.
FedEx says it will move up the start date of its peak-season surcharges to Sept. 5.
Trade Association for Logistics Professionals will advocate for all contractor interests, not just FedEx Ground, the group’s leader says.
FedEx Ground could have made Sunday deliveries work if it stuck to its knitting, consultant says.
The head of the unit says changes to driver contractor agreements must be negotiated individually.
Unit responds to contractors’ cost concerns by partially ditching the controversial program.
FedEx Freight’s gains won’t make investors forget about FedEx Ground’s issues, but they help.
Carere will head a new centralized group focusing on digitization.
This week: J.B. Hunt recognizes its first female driver to hit 3 million safe driving miles, FedEx Ground announces its Entrepreneurs of the Year, and Walmart gives back to the community of its new distribution center.
This week: St. Christopher reports its 2022 charitable progress, Operation Lifesaver delivers funds to 11 states and FedEx partners with Social Motion for Autism Acceptance Month.
UPS’ surcharges close in on rival FedEx’s levies.
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.
Fred Smith se alejará pronto del papel de consejero delegado, según predice una conocida consultora
A noted consultant sees FedEx founder Fred Smith dropping the CEO role to become executive chairman; second-in-command Raj Subramaniam would take Smith’s place.
Many contractors made investments to move packages that never came.
La gran exageración de los volúmenes máximos obligó a algunos contratistas a realizar inversiones innecesarias
A confluence of critical events will determine if the company can deliver on its margin improvement pledge.
A collaborative effort kept the delivery Grinch at bay this peak season.
Volume and yield gains powered the Express and LTL units, while staffing shortages and operating inefficiencies continued to hurt the Ground unit.
Merchants Fleet is continuing its electrification efforts, announcing it will order EV step vans from Xos.
FedEx and UPS suspended guaranteed delivery refunds when the pandemic hit. As shippers chafe under erratic service levels, they face the possibility that some programs may never return.
The investigation makes progress after between 300 and 400 parcels were found in a wooded ravine last week.
The agency plans an array of parcel-delivery rate increases soon after the yuletide ends.
Beans.ai emerges from stealth with $17M in funding and plans to map the final foot of delivery.
A former FedEx Ground senior manager was sentenced to more than three years in prison for his role in a decadelong stolen-goods scheme.
FedEx is paying customers that utilize their own equipment, a consultant says.
The company faces an optics challenge as many question the motive behind rate increases.
The company didn’t blindside anyone. But it didn’t please that many, either.
Noncontract prices will climb by 5.9% for FedEx’s Express, Ground and Freight services.
The company also imposes sweeping levies on former postal business that’s been brought in-house; a separate 60-cents-per-package residential fee kicks in Jan. 17 with no end date.
FedEx Ground has begun using robotics from Berkshire Grey in its Queens facility, with plans to add them to more facilities in the coming months.
The trucks are to be delivered later this year and in early 2022.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: 6,550 manufacturing jobs headed for Mexico as border freight capacity tightens; Aeronet Worldwide expands in Texas; FedEx Ground leases distribution center in Houston; and Bullfrog Logistics files for Chapter 11 bankruptcy.
The company reports strong fiscal 2021 fourth-quarter results, but warns that a persistent labor shortage will drive up costs and impede productivity.
Warehouse violence is an outlier that no one talks about. But it’s always a present danger.
“We are deeply shocked and saddened by the loss of our team members following the tragic shooting,” FedEx said.
FedEx stays mum on how it will aid its ground delivery contractors to transition to all-electric vehicles.
The company sets ambitious fleet electrification goals and establishes a center at Yale University to research climate-capture techniques.
In today’s edition of The Daily Dash, an activist investor speaks about what changes Forward Air should make. Plus, FedEx Ground is losing a key executive and why UPS Freight was no longer a strategic fit for UPS.
Maier is succeeded by FedEx Freight head John Smith; Lance Moll will replace Smith at the LTL unit.
Retailers with physical footprints have been able to leverage new modes of fulfillment to pass increased costs associated with online delivery to consumers and their suppliers. But for digitally-native brands without access to physical stores, this could be painful should it become the new normal. If you ask FedEx, it already has.
FedEx shares get hammered despite record performance at Express and LTL units. The focus is on lagging margins at FedEx Ground.
FedEx to cut prices from holiday levels on three surcharges.
The improvements bring time-in-transit performance into parity with rival FedEx.
We’re shopping online for products at levels not expected for 10 years because of the pandemic. Delivery companies are trying their best to stay ahead of the parcel tsunami coming at them for the holidays.
EPS numbers nearly double analysts’ median estimates.
Accessorial charges also to climb on dozens of services.
E-commerce delivery times during the holidays might not make the “nice” list with this year’s soaring online purchases.
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FedEx is experimenting with combining some elements of its Express and Ground units. Read about how that might affect the company.
Assistant Commissioner Todd Owen said additional reimbursable services agreements help Customs and Border Protection facilitate commerce during COVID-19 pandemic.
Chief Financial Officer Alan Graf to retire at year-end. Corporate Vice President and Treasurer Mike Lenz to assume the role in September.
FedEx Freight levies $7 `California compliance’ surcharge on all LTL shipments in, out and within the state
Amazon lifts ban on third-party sellers’ use of FedEx Ground and Home Delivery
UPS and FedEx offer cooperation to authorities and sympathies to victims in collision that left five people dead and scores injured 30 miles east of Pittsburgh.
FedEx on the ropes after awful fiscal q2 results, stock price plunge
Amazon-FedEx divorce gets ugly and hurts merchants
A federal grand jury recently indicted a Russian trucking owner — who is already awaiting trial on charges that include a $150 million military kickback scam and a murder-for-hire plot — as well as eight other Utah-based trucking company executives in an alleged “pay-to-play” bribery scheme involving a former FedEx Ground (FXG) manager.
