FedEx said Thursday it will move forward with the separation of its less-than-truckload and legacy package delivery businesses.
FedEx is strengthening its air network in Latin America with two new flights linking markets in South and Central America with Miami, the company announced.
FedEx transported six giant pandas between the United States and China this week on what the company calls the “FedEx Panda Express.”
A challenging parcel environment led to disappointing first-quarter results for FedEx.
FedEx Corp. announced a strategic alliance with Nimble Robotics on Thursday to scale FedEx Fulfillment with Nimble’s fully autonomous 3PL model.
The old FedEx and UPS business models aren’t working in a parcel market undergoing radical transformation. The express carriers need to rethink their network strategies as B2C shipping takes precedence and consumers compromise on speed to get lower prices.
FedEx is rebranding its cargo jets by erasing the Express descriptor to signify there are no longer separate Express and Ground operations, just One FedEx.
FedEx will fly fewer aircraft and go to fewer U.S. cities starting this fall after the U.S. Postal Service gave its primary air cargo contract to a competitor.
FedEx Corp. on Thursday opened its first European Life Science Center, with capabilities to receive, store, kit, pick, pack and ship health care products.
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.
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.
FedEx is following its rivals’ leads with a no-box, no-label returns program.
A former contractor alleges that it was fraudulently induced to sign a contract with FedEx Ground.
Can package sizing be improved? It’s been a long, slow process.
Teamsters union leadership may be willing to accept lost rank-and-file jobs in return for increases in new positions, a labor expert says.
A source wonders if UPS’ new offering is a reconstituted version of an earlier stab at quick delivery.
UPS’ third-quarter results reflect struggles with macro weakness, volume diversions and higher labor costs.
FedEx Ground two-day shipments must ship by Dec. 20 to arrive on or before Christmas Eve.
FedEx and UPS have paused flights to Israel, while DHL continues to operate to the capital city of Tel Aviv.
Uber drivers will pick up return parcels and deliver them to postal, FedEx and UPS locations.
DHL Express rate hikes take effect Jan. 1.
The on-paper benefits of out-of-home delivery are clear. Customer acceptance is somewhat less so.
FedEx partners with an AI-powered robotics firm to load FedEx Ground trailers.
FedEx beat analysts’ estimates despite downgrading its full-year revenue outlook.
Clearjet combines narrowbody aircraft lift and regional ground parcel delivery carriers to offer air service at ground rates.
Effective Sept. 4, all FedEx surcharges will be known as “demand” levies.
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 Corp. has laid off more than 900 workers at facilities across the country since June.
FedEx pilots have voted down an upgraded contract that would have raised pay scales by 30%.
It will be difficult, if not impossible, to avoid a mess if shippers haven’t laid out contingencies for a Teamsters strike against UPS.
FreightWaves’ State of Freight for July focused on a potential Yellow shutdown and a looming strike at UPS.
FedEx will focus its resources on shippers who use both it and UPS, Shipware’s Karamcheti says.
FedEx flight reductions reflect a significant drop in parcel traffic, throwing a wrench into management’s earnings expectations in the just-completed fourth quarter.
A slow economy and better carrier sourcing technology put shippers in a good spot, according to Reveel Group’s Josh Dunham.
FedEx is shrinking its network of pilot bases in an effort to cut costs. The move follows a recent decision to transfer a major maintenance facility at LAX airport to Indianapolis.
As negotiations get underway between UPS and the Teamsters, here are key considerations for shippers navigating a period of uncertainty.
The FedEx pilots’ union is asking members to vote on a strike authorization for possible later use.
Driverless trucks have special needs that only humans can perform at terminals where they will drop and hook loads.
FedEx said it aims to slash $700 million per year in costs through a massive overhaul of its air network, part of a larger corporate profitability initiative.
UBS’ Tom Wadewitz says more clarity on cost-cutting actions provides a “long runway” for stock.
Carrier revenues hit an all-time high in 2022, according to an annual Pitney Bowes study.
Consumers are buying food instead of “stuff.”
A new contract between UPS and the Teamsters will be agreed upon weeks before the current agreement’s expiration date, Satish Jindel tells FreightWaves.
The FedEx Ground unit flexed its muscles in the third quarter with strong operating income and cost-reduction prowess.
FedEx Express is aggressively scaling back air operations to save money as shipping demand crumbles.
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
Boeing has paused delivery of the 767 freighter until it corrects a fuel tank issue.
FedEx abandons its low-key communication style to get direct with UPS’ customers.
Company looks to push a more agile air network.
Explained: New 2023 UPS and FedEx Fees and Service Changes
FedEx’s 50 Days of Caring initiative will take the company to the golden anniversary of its first flights, which is April 17.
The FedEx Ground unit appears to be looking to work directly with contractors rather than through consultants and brokers.
The Chicago-based company has added its name to a growing list of parcel players.
Los despidos sin precedentes en FedEx han dejado atónitos a empleados actuales y antiguos
For more than 50 years, a familylike bond has existed between FedEx management and employees. After a round of job cuts unprecedented in scope, that bond rests on shaky ground.
FedEx Freight on Friday announced the second round of temporary furloughs of drivers in past three months.
FedEx Office plans to focus on other growth opportunities after retiring its SameDay City service, FedEx Corp. says.
Las acciones suben porque la empresa se pone religiosa con la reducción de costos
Wednesday’s announcement of high-level cost cuts, along with word of 12,000 job reductions in all, has sent shares soaring and analysts reevaluating opinions of the company.
The announcement is part of a reduction of 12,000 jobs since FedEx’s 2023 fiscal year began.
Merchants on the Shippo platform can now access FedEx services like Ground Economy without creating a FedEx account.
FedEx Freight Direct now offers returns of big and bulky items.
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.
Consumers can take drop-offs to any of 2,000 FedEx Office locations
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.
Ford will help DHL electrify its last-mile fleet worldwide as it moves closer to its own sustainability goals.
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.
2023 GRI: UPS & FedEx General Rate Increases
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 will suspend money-back guarantees on U.S. and air export next-day air shipments for nearly three weeks.
The unit’s “space and pace” program will bypass the class-rates formula in favor of pricing based on dimensions and weight.
FedEx and UPS don’t vary from the script as they match on base rates and surcharges.
