FedEx Express

Labor peace was won at what will be higher costs for shippers and carriers.

FedEx’s color-coded air network is designed to bolster FedEx Express’ margins amid continued macro weakness and other headwinds.

FedEx pilots are experiencing significant pay decreases because there isn’t enough flying to go around. The company is pushing cockpit crews to take jobs at a regional passenger airline.

August was a better month, but express carriers are still flying less than they were a year ago because of slow shipping demand.

FedEx is downsizing its fleet again during the next 12 months to match weak international and domestic package shipping demand, and save money.

Year-on-year revenue at FedEx was down $2.7 billion, while diluted earnings per share beat estimates slightly; CFO Michael Lenz plans to retire at the end of July.

The board of the FedEx pilots union has endorsed a contract agreement and sent it to members for an up-or-down vote.

FedEx has prevented a potential strike by its pilots by agreeing to a contract that still must be approved by members of the pilots union.

FedEx Express is quadrupling throughput at one of its airport gateways in Australia.

FedEx celebrates its golden anniversary of operations with its most intense few years in decades ahead of it.

UBS’ Tom Wadewitz says more clarity on cost-cutting actions provides a “long runway” for stock.

FedEx will exit a maintenance facility at LAX and send the work to its Indianapolis hub to increase efficiency.

The FedEx Ground unit flexed its muscles in the third quarter with strong operating income and cost-reduction prowess.

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

Company looks to push a more agile air network.

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.

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.

FedEx Express is looking to trim fat at the largest cargo airline in the world and lean on rental fleets to fill in needs.

FedEx cargo jets will waste less time de-icing during the winter at the Memphis, Tennessee, airport thanks to a new consolidated treatment facility.

La esperanza de una mejora de los envíos en 2023 depende de los niveles de inventario y de las políticas COVID de China

Airlines and logistics companies realize air cargo business will be lower this year. Talk of a 2023 upturn is more based on hope than economic signals.

FedEx’s airline unit is taking down many flights to save money as it scrambles to counter a steep decline in shipping revenue.

FedEx will suspend money-back guarantees on U.S. and air export next-day air shipments for nearly three weeks.

FedEx Ground cited weakening macro conditions in reducing its holiday demand forecast.

FedEx Express and the union representing its pilots on Wednesday filed for federal mediation with the National Mediation Board to help unglue contract negotiations that began in May 2021. The […]

FedEx acquires 7.9 million shares at a cost of $1.5 billion.

FedEx will cut 11% of trans-Pacific flights, 9% of trans-Atlantic flights and 17% of Asia-Europe capacity.

FedEx Corp. announces most U.S. shipments must be tendered by Dec. 14, one day earlier than last year’s deadline, if they are going to arrive in time for Christmas.

FedEx says it will move up the start date of its peak-season surcharges to Sept. 5.

FedEx pilots want a rich new labor deal to keep up with their counterparts at United and UPS.

The baby formula crisis is still acute. FedEx and United Airlines are helping out by delivering new shipments of formula from overseas on Thursday.

The latest baby formula developments include relaxed regulations to support more imports, an air cargo pipeline and congressional scrutiny.

UPS’ surcharges close in on rival FedEx’s levies.

FedEx Express will test a Chaparral autonomous drone for middle-mile transport of air cargo.

Raj Subramaniam, presidente, se convertirá en consejero delegado cuando el fundador ceda su puesto el 1 de junio

FedEx founder will leave the CEO role June 1, succeeded by Raj Subramaniam, the company’s president.

EPS comes in below estimates as FedEx Ground’s operating income declines.

Richard Smith continues to climb the corporate ladder as he takes over FedEx Express later this year.

Richard Smith sustituirá a Donald Colleran como presidente y CEO de FedEx Express

Ukraine spillover effects now include higher shipping cost for FedEx.

FedEx is facilitating exports from Europe and the U.K. to the U.S. with a new cargo service.

A winter storm is severely impacting express air and air cargo operations in the middle of the country, which could impact deliveries anywhere in the U.S.

President Biden thanked Verizon and AT&T for agreeing to the delay and said the DOT will continue working on safe 5G deployment.

FedEx wants to study the feasibility of putting a laser on planes to divert potential missile strikes. The FAA has shelved its review for the time being.

FedEx wants to put a laser-emitting device on a certain aircraft to protect against a missile attack. By all indications it’s for a very limited test, not a fleetwide procurement.

A confluence of critical events will determine if the company can deliver on its margin improvement pledge.

El transportador desvía los envíos urgentes de carga a la red
de camiones

The omicron variant is depleting aircrews at FedEx just as it has among passenger airlines, resulting in customer delays for both industries.

FedEx Express has taken delivery of the first electric vans as part of a 500-unit order from BrightDrop. The vehicles are in operation in California.

Volume and yield gains powered the Express and LTL units, while staffing shortages and operating inefficiencies continued to hurt the Ground unit.

Holiday shipping deadlines you need to know!

Hong Kong’s strict COVID policies have had economic consequences, especially for its aviation industry.

Fleet management company Merchants Fleet has reserved 5,400 of the EV410, a small electric cargo and utility vehicle being developed by BrightDrop.

FedEx Express has completed the first drone delivery as part of a monthlong test in Ireland, moving a package from Shannon Airport to Foynes Port in under 13 minutes and cutting nearly 40 minutes from a vehicle delivery route.

FedEx doesn’t operate any 747 freighters itself but is hiring Atlas Air to use jumbo jets on its behalf.

Noncontract prices will climb by 5.9% for FedEx’s Express, Ground and Freight services.

The company also imposes sweeping levies on former postal business that’s been brought in-house; a separate 60-cents-per-package residential fee kicks in Jan. 17 with no end date.

The two firms reach equity and operating agreements to expand their presence in the Indian market.

E-commerce pushes rapid growth in domestic parcel business

No one was injured when a man drove his car through the FedEx fence at LAX and proceeded to zoom around the runway.

Greater package volumes are dictating FedEx’s purchase of 20 more cargo jets.

The company reports strong fiscal 2021 fourth-quarter results, but warns that a persistent labor shortage will drive up costs and impede productivity.

The company restores guarantees on domestic next-day air deliveries and U.S. air imports and exports.(Photo: Flickr/Tomás Del Coro CC BY-SA 2.0)

FedEx stays mum on how it will aid its ground delivery contractors to transition to all-electric vehicles.

FedEx Corp. unveiled plans to reach carbon neutrality across its global delivery network by 2040 with a fully electrified surface transport fleet.

FedEx pilots want the company to stop releasing crews into Hong Kong for rest periods because of aggressive testing and quarantine restrictions that subject them to infection and loss of personal freedom.

Stockholm-based electric trucking company Einride conducted a survey to gain insights into women’s views on a career in the trucking industry and how technology and autonomy impact interest.

You’ve probably flown in a Boeing 737-800, a next-generation variant of this popular 737, but when they are put to pasture they become valuable assets for all-cargo airlines. ASL Airlines in Europe is snapping some up and converting them to freighters.

BrightDrop, the new General Motors business-to-business electric first-to-last-mile delivery subsidiary, will sell 12,600 of its vans to Merchants Fleet.

Capacity can be a fleeting thing, especially in the middle of a pandemic. Airlines are shrinking their flight schedules and it’s hurting cargo shippers who depend on the lower-deck space to move goods.

Hong Kong has some of the most rigid COVID-19 health measures and travel restrictions in the world. New rules targeted at home-based crews are impacting operations at Cathay Pacific and FedEx, where pilots are also griping about the lack of good air conditioning when overnighting in China.

Retailers with physical footprints have been able to leverage new modes of fulfillment to pass increased costs associated with online delivery to consumers and their suppliers. But for digitally-native brands without access to physical stores, this could be painful should it become the new normal. If you ask FedEx, it already has.

FedEx Express unveils its dual-hub strategy in Europe and says redundancies will result in significant attrition.

General Motors has created a new battery-electric first-to-last-mile business eyeing an $850 billion delivery market. Following a second pilot program, FedEx Express is slated to get the first 500 units of the EV600.

FedEx will mark its 50th year by harnessing IT for pitched battles with Amazon and UPS.

The flow of vaccines to the American public is slowly picking up pace in week two. A lot of coordination among manufacturers, logistics companies, carriers and the government is required.

Team McKesson is implementing Phase 2 of Operation Warp Speed on Sunday, delivering the first Moderna COVID vaccines across the nation.

The Defense Logistics Agency is the military’s in-house logistics management provider. It has its ducks in a row to receive new coronavirus vaccines.

McKesson is the middleman between Moderna and FedEx and UPS. Distribution is already in motion to deliver the nation’s second vaccine this week.

Army Gen. Gus Perna, who is in charge of the COVID vaccine distribution in the U.S., is showing FedEx and UPS some love.

Operation Warp Speed and the delivery of the Pfizer COVID vaccine are clicking on all cylinders, but that doesn’t mean production and distribution are going perfectly.

FedEx Express and TNT Express are integrating. They will continue to outsource airfreight to Qantas under a new deal.

FedEx to cut prices from holiday levels on three surcharges.

The dry ice shortage that many feared would crimp the ability to ship COVID-19 vaccines turned out to be a Y2K event.

FedEx is renewing its regional fleet with a cargo-friendly turboprop from ATR.

Moderna’s coronavirus vaccine could begin rolling out next week in much the same pattern as the Pfizer vaccine this week, but there are some operational differences.

Gerald R. Ford International Airport in Grand Rapids, Michigan, could play an active role in the U.S. and worldwide distribution of COVID-19 vaccine because it is the closest commercial airport […]

FedEx Express (NYSE: FDX)  and UPS (NYSE: UPS) trucks departed Pfizer Inc.’s (NYSE: PFE) sprawling manufacturing facility in Portage, Michigan, on Sunday morning loaded with COVID-19 vaccines packed in dry […]

Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Automotive manufacturers are building in Mexico; FedEx Express expands in Querétaro; Dunavant Distribution expands in Houston; and agents stop over 200 people being smuggled in commercial trailers.

Domestic express carriers spring into action, moving the first doses of COVID-19 vaccine to healthcare facilities.

FMCSA has included restrictions and limitations in waivers so far to avoid compromising safety.

It’s the largest improvement program at the airport since the 1990s.

In today’s edition of The Daily Dash, we take a look at third-quarter earnings with an analyst from KeyBanc. Plus, Hyliion is not recording revenue for its early products and Wall Street is OK with that, and carriers are dominating retail peak season.

FedEx Express will hire more than 6,500 employees across Mexico by the end of the year.

We’re shopping online for products at levels not expected for 10 years because of the pandemic. Delivery companies are trying their best to stay ahead of the parcel tsunami coming at them for the holidays.

The iPhone 12 has arrived and UPS and FedEx are two of Apple’s shipping providers.

FedEx Express will open a $12M, 193,000-square-foot logistics center in the Mexican city of León, creating 150 jobs.