FedEx

FedEx unveiled its four-year growth strategy on Thursday, setting a goal of 14% profit growth by 2029.

FedEx has partnered with three investment companies to buy European parcel carrier InPost and take it private, with both sides leveraging complimentary strengths in last-mile delivery and global distribution.

FedEx has filed plans with local planning authorities for the addition of another major parcel sorting building at its super hub at Memphis airport in Tennessee.

FedEx Freight has its first rating from a credit agency and it’s less than FedEx.

FedEx expects to eat $175 million in extra costs to replace capacity caused by the temporary grounding of MD-11 aircraft, but that’s a blip for a company that just reported a $1.6 billion operating income and a 19% gain in adjusted earnings per share.

Weak shipment counts have pushed profit expectations lower at FedEx Freight.

FedEx has adjusted its air network and flying schedule to overcome the loss of grounded MD-11 freighter aircraft, but the changes have overwhelmed staff dedicated to supporting pilots laying over in destination cities.

The big three domestic parcel carriers are consistently hitting on-time benchmarks even as holiday package volumes spike.

FedEx has removed MD-11 freighter flights from its December schedule. The carrier could be without the freighters for a long time as aviation authorities investigate the cause of the recent UPS MD-11 crash.

FedEx will lay off 856 workers as it permanently closes a facility in Coppell, Texas.

Electric vehicle maker plans to deliver the EV chassis to FedEx by the end of 2025

FedEx says it is prepared for the peak shipping season and has more ability to flex its network because of a major transformation initiative currently underway.

FedEx says it has implemented backup plans to continue delivering parcel and freight shipments without interruption after 25 widebody cargo jets were sidelines for inspections after the UPS aviation accident.

The FAA has prohibited all MD-11 aircraft from flying after the deadly crash of a UPS MD-11 cargo jet this week.

UPS and FedEx have temporarily grounded all 57 MD-11 freighter aircraft in their fleets to conduct checks following the catastrophic accident involving one of the planes this week.

By Satish Jindel (The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.) In 2019, FedEx dropped Amazon as a customer for B2C parcels because the retailer was becoming a competitor, with its own last-mile delivery solution that mimicked FedEx Ground’s model for […]

FedEx has consolidated its parcel operations and moved into a bigger air freight terminal in Detroit.

FedEx Corp. has completed the formation of the leadership team for a standalone FedEx Freight.

FedEx is responding to a downturn in express parcel and freight demand out of China to the United States by shifting some air assets to Asia.

Pharmaceutical and medical companies will be among the key beneficiaries of a new FedEx air freight route between Dublin and Indianapolis.