TNT Deal Raises FedEx Employment to Almost 400,000
In one fell swoop, FedEx Corp. ballooned to nearly 400,000 employees worldwide and close to $58 billion in annual revenues. The jewel of FedEx's acquisition of TNT Express last week is a European road network linking 40 countries, but the heart of FedEx remains in Memphis, Tennessee.
Tennessee Cites FedEx for Fatal Accident, Proposes $4,000 Fine
State regulators propose to fine FedEx Corp. $4,000 for a fatal workplace accident last Nov. 22 at the Memphis hub.
FedEx-TNT Deal Clears Final Regulatory Hurdle
The biggest acquisition in FedEx Corp.'s 43-year history has cleared its final regulatory hurdle, after the deal received approval from Chinese officials, the parcel delivery company said.
FedEx Plans Bond Offering in Euros for TNT Deal
FedEx Corp. will seek to finance part of its TNT Express acquisition with a debt offering in euros, its first non-U.S. bond issue.
FedEx Debuts Cold Chain Center to Keep Shipments Chilled During Delays
FedEx Corp. unveiled its Cold Chain Center on March 29, designed to hold frozen, refrigerated and controlled room temperature shipments when they're delayed in transit through the hub.
FedEx Delivers River Otter Pup
FedEx Corp. delivered a river otter pup named Oliver to the Downtown Aquarium in Denver last week after an overnight layover at the FedEx Express World Hub in Memphis.
Teamsters Retirees Push Back Against Pension Cuts
The Central States Pension Fund, jointly overseen by the International Brotherhood of Teamsters and employers, is warning of insolvency by 2026 unless benefits are cut now. It has proposed to reduce pensions for about 115,500 retirees, slightly more than half of current retirees.
Record Rainfall Slows Operations at FedEx Hub
FedEx Corp. warned customers of possible delivery delays on March 11 after record rainfall at Memphis International Airport affected the company's world hub.
FedEx Says Amazon Air Freighter Lease Was Expected
FedEx Corp. officials weren't surprised by the March 9 confirmation that e-commerce giant Amazon has agreed to lease 20 air freighters and buy a stake in Air Transport Services.
FedEx Adopts Bylaws Change Sought by Shareholders
FedEx Corp. directors on March 8 adopted a bylaws change sought by shareowners to make it easier to promote candidates for the board.