FedEx Sets Rate Increase, Cites Challenging Operating Environment
FedEx Corp. plans to raise its delivery rates in 2022 by the most in at least a decade as the courier shoulders rising costs in what it called a “challenging operating environment.”
FedEx to Spend $100 Million on Improving Delivery Vehicle Safety
FedEx Corp. plans to spend more than $100 million to improve delivery van safety and reduce costs from accidents, potentially dragging on short-term earnings as the courier faces pressure from rising wages and other expenses.
Electrification Key to FedEx’s Energy Goals, Executive Says
With industries considering adopting zero-emission sustainability operations in the coming years, a senior executive at FedEx Express recently outlined the company’s objectives related to electrifying vehicles.
FedEx Tops $20 Billion in Revenue for Third Straight Quarter
FedEx Corp. reported a surge in bottom-line results for its fiscal fourth quarter as e-commerce continued to fuel demand for the company’s services.
FedEx to Test Nuro Autonomous Delivery Vehicles
STATEN ISLAND, N.Y. — FedEx Corp. announced June 15 that it has partnered with Nuro, one of the nation’s leading autonomous vehicle companies, to test the use of driverless vehicles for multistop and appointment-based deliveries in Houston.
Patrick Moebel Appointed President of FedEx Trade Networks
FedEx Logistics Inc. has appointed Patrick Moebel to be president of FedEx Trade Networks Transport & Brokerage, Inc., the company announced May 10.
FedEx Rides E-Commerce to $21.5 Billion Third Quarter
The continued yearlong surge in e-commerce brought on by the COVID-19 pandemic sent FedEx’s year-over-year fiscal third-quarter net revenue up 23% to $21.5 billion, compared with $17.4 billion in the same period in 2020.
FedEx Sets Plan for Carbon-Neutral Operations by 2040
FedEx Corp. announced plans to achieve carbon–neutral operations globally by 2040, with vehicle electrification a key tenet of the strategy.
Shipping Begins for Third Vaccine; J&J Looks for Partners
As shipping of the third coronavirus vaccine begins, Johnson & Johnson is looking for manufacturing partnerships to increase supply of its COVID-19 vaccine that was cleared Feb. 27 by U.S. regulators, Chief Executive Officer Alex Gorsky said.
Snow, Ice May Stall Vaccine Shipments
The U.S. vaccine supply is increasing to 13.5 million doses per week, up from 11 million, but harsh winter weather may slow the pace temporarily.