FedEx Disputes Report on Federal Taxes Paid in 2018
The CEO of FedEx Corp. came out swinging after a news report called into question the company’s track record on capital investments and tax payments in the wake of federal tax reform efforts.
The 2019 Top 50 Global Freight Carriers: Growth Continues Despite Trade Tensions
All but a handful of the companies ranked on the 2019 Top 50 Global Freight Carriers list posted higher freight revenues in 2018 than the previous year, as the majority of the world’s largest freight carriers continued to enjoy strong demand in many key markets.
North America's Busiest Cargo Airports
Where North American airports ranked in terms of cargo pounds transported.
FedEx E-Commerce Revamp Jolts Delivery Army by Piling on Costs
FedEx Corp.’s drive to reap the rewards of e-commerce is stirring anxiety among some of the company’s most important partners: the thousands of small businesses that handle its ground deliveries.
FedEx Completes First Commercial Drone Delivery
FedEx officials said the company’s test drone program completed the first U.S. residential delivery of commercial goods, a scheduled trip to a home in Christiansburg, Va., on Oct. 18.
October 21, 2019FedEx Files $212 Million Building Permit for World Hub in Tennessee
MEMPHIS, Tenn. — FedEx officials confirm the company has filed a building permit for its new package sorting facility and world hub in Tennessee.
October 17, 2019FedEx 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.