Memphis Airport’s New De-icing Pads Boost Cargo Transport
Federal officials unveiled a 3.3 million-square-foot aircraft de-icing pad at Memphis International Airport, where FedEx Corp. has its largest sorting facility.
Carriers Feeling Cheery About On-Time Holiday Deliveries
The nation’s major shipping companies are in the best shape to get holiday shoppers’ packages delivered on time since the start of the pandemic, suggesting a return to normalcy.
FedEx Delivery Contractors’ Threat of Black Friday Walkout Fizzles
FedEx Corp. defused a threat by its delivery contractors to walk off the job on Black Friday in protest of dwindling profits as a trade group representing disgruntled logistics company owners disbanded.
FedEx Freight Unit Furloughs Workers as Cargo Demand Slows
FedEx Corp.’s freight unit is putting workers on furlough in some U.S. markets, adding to mounting evidence of a cargo slowdown as the company joins other large employers trimming their ranks.
FedEx Reports Declining Q1 FY 2023 Income
FedEx Corp. said as the global economy slows, it is aggressively looking to reduce costs, and that it will raise rates across divisions in January.
FedEx Cost Cuts Aim to Save $2.7 Billion
FedEx Corp. expects to save as much as $2.7 billion this fiscal year through wide-ranging cost-cutting measures in response to weakening business conditions.
FedEx Tumbles After Pulling Annual Earnings Forecast
FedEx Corp. lost $11 billion in market value, wiping out two years of stock gains, after withdrawing its earnings forecast on worsening business conditions.
Hiring for Uncertain Holiday Season Continues
Trucking has started making thousands of hires for the holiday season despite facing a variety of economic headwinds.
FedEx Reduces US Sunday Deliveries in Some Rural Areas
FedEx Corp. plans to scale back Sunday delivery service in far-flung areas of the U.S., the latest evidence that the e-commerce surge spurred by COVID-19 is ending.
FedEx Predicts Profit Growth Under Three-Year Plan
FedEx Corp. expects to grow earnings per share as much as 19% annually over the next three years by targeting “high-value” customers and squeezing more efficiency out of its networks.