FedEx Will Hire 55,000 for Holiday Season
FedEx Corp. will hire 55,000 additional workers for the holiday season, the parcel delivery company announced Sept. 20.
UPS Shipments Swell in Amazon Era
A $20 billion investment spree detailed by UPS CEO David Abney last year, a plan that initially rattled Wall Street, is bearing fruit. Profit margins are improving even as 112-year-old Big Brown copes with swelling volume from voracious online shoppers, who are typically less lucrative to serve than business customers.
FedEx Posts Drop in Q1 Profit, Decreases Forecast for Fiscal 2020
FedEx Corp.’s fiscal 2020 first-quarter earnings were down as a result of a weakening global economy and increased costs as it expands its service into other business lines, including seven-days-a-week home delivery service, the parcel delivery company said.
FedEx Announces 2020 Rate Increases
FedEx Corp. said on Sept. 16 that its customers will see shipping rate increases and surcharges effective Jan. 6, 2020.
FedEx Expands Logistics Presence in Latin America
FedEx Corp. on Aug. 30 agreed to acquire a Colombian freight-forwarding company and its affiliate to expand its FedEx Logistics offerings in Latin America.
September 3, 2019Amazon-FedEx Split Sets Battle Lines in E-Commerce Delivery Feud
FedEx Corp.’s retreat from handling packages for Amazon.com Inc. signals that the lines are being drawn in the battle over surging e-commerce shipments.
FedEx Ends Ground-Delivery Deal With Amazon
FedEx Corp. is ending its ground-service delivery contract with Amazon.com, a sign the delivery giant is pulling away from the largest U.S. e-commerce company and focusing on other clients in the market, such as Walmart and Walgreens.
China Rejects FedEx’s Defense for Rerouted Huawei Packages
China rebuffed FedEx Corp.’s claims that it mistakenly rerouted some Huawei Technologies Co. packages to the U.S. and warned that authorities found other violations by the American delivery firm, raising concern the company could face repercussions from Beijing.
July 26, 2019FedEx Reports Mixed Earnings Results, Says 2020 Will Be Transitional Year
FedEx Corp. said its net income fell to negative territory in the fiscal fourth quarter, blunted by costs at its divisions as well as reorganization after a buyout.
FedEx Lobs New Attack on Trade Limits as China Threat Looms
FedEx Corp. has fired a new weapon in the simmering U.S.-China trade war, suing the Trump administration to block enforcement of trade restrictions that had placed the company in Beijing’s crosshairs.