FedEx

FedEx is cutting nearly 20% of its Boeing 757 cargo jets because of soft demand and efforts to modernize the fleet.

FedEx will soon begin streamlining flight operations in line with changing market demand and a world in which it no longer is the prime contractor for the U.S. Postal Service.

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A congressional waiver on sunsetting Boeing’s production of 767 freighters to comply with international emissions rules will benefit FedEx and UPS.

The NTSB is now investigating two incidents involving FedEx Boeing 767 cargo jets, one in Texas and the other in Turkey this week when a plane landed on its nose.

FedEx has ordered 150 Blue Arc EV Trucks to add to its pickup and delivery fleet in the United States in an effort to reduce carbon emissions.

The U.S. Postal Service picked UPS to replace FedEx as its primary partner for moving parcels by air, but analysts say FedEx actually comes out ahead by losing the business.

UPS will take over flying mail and parcels for the U.S. Postal Service later this year. FedEx is relinquishing the contract but says the move will make it more profitable.

FedEx and UPS have recently announced job reductions as part of ongoing efforts to streamline operations and boost profits.

The FedEx pilots union has a new chairman who is more aligned with the majority of the Master Executive Council, which wants to press FedEx harder on a new contract.

FedEx Express has parked more freighters, reduced aircraft capex and is integrating its daytime freighter network with the Freight segment’s less-than-truckload operation to provide linehaul connecting the U.S. and Europe to boost efficiency.

FedEx said strong cost controls drove its fiscal third-quarter results; its shares soared in late trading.

Satish Jindel, president of ShipMatrix, shares his thoughts on the ways parcel carriers should modernize their networks.

The FedEx pilots union is telling members that the company’s slow response to its demands is triggering tougher tactics. FedEx says there is so much turmoil in the union that it doesn’t know what demands to take seriously.

Bad blood between factions in the FedEx pilots’ union is making it difficult to present a unified position in collective bargaining with the company. Some hard-liners are turning against leadership and pushing for a strike to get better terms.

Pilots at FedEx say talks on a new contract are at a stalemate and have asked the National Mediation Board to send the dispute to arbitration.

The U.S. Postal Service contract is an albatross around FedEx’s neck. The company needs to fly less during the daytime and consolidate more express and ground parcel shipments, Barclays says.

FedEx has more cargo jets than it needs for its express package network. Some of those planes will now be used to try and capture a larger share of the general cargo market. In doing so, FedEx will go head to head with all-cargo carriers like Atlas Air, Cathay Pacific and Nippon Cargo Airlines.

FedEx Express faces more headwinds in its effort to improve profitability as the U.S. Postal Service prepares to drop air routes from contracted service.

FedEx Express wants to compensate for a surplus of pilots by lowering guaranteed pay and offering severance packages once a new labor contract is reached. Meanwhile, mechanics are agitating to unionize.