FedEx Profits Soar, Revenue Rises in Fiscal First Quarter
FedEx Corp. boosted its full-year profit outlook Sept. 17 as the shipping giant reported mixed financial results for the first quarter of its 2019 fiscal year.
Capitol Agenda for the Week of Sept. 17: ‘Iggy,’ the Doctor of Truckology, Fondly Remembered
Chris Ignowski left a lasting impression at FedEx and the National Truck Driving Championships as a safety proponent whose knowledge of the industry's rules and regulations was unmatched.
Parcel Giants, Logistics Companies Announce Hiring Plans Ahead of Holiday Season
Several of the shipping industry’s largest entities have unveiled their plans for holiday season hires. The temporary employees will help support an anticipated increase in packages beginning in November and continuing through January.
FedEx Reaches Airfreight Deal With San Bernardino Airport
FedEx Express will begin operating daily cargo flights out of San Bernardino International Airport in October, under terms of a new 10-year agreement.
2018 Top 100 For-Hire Carriers: Acquisitions, Growth Boost Rankings
There were big gains all around for the nation’s largest for-hire carriers, some driven by acquisitions and some by expansion in response to vigorous growth in demand for freight hauling.
FedEx, UPS Say Local Sick-Pay Laws Don’t Apply to Them
Fed up with state and local laws that require private employers to offer paid sick days, the airlines and railroads have filed suit, claiming that the interstate nature of their businesses should make them exempt.
FedEx Reports 4Q Profit That Beats Expectations
Buoyed by growth across its operating units, FedEx Corp. reported increases in revenue and profit for its fiscal fourth quarter and full-year 2018.
UPS Plans Rate Hike for Heavy Freight as E-Commerce Volume Grows
UPS Inc. will increase its over-the-maximum limits and the oversize pallet-handling surcharge to $650 from $500 beginning June 4.
FedEx CEO Fred Smith Sees Blockchain as ‘Next Frontier’ for Logistics
Convinced that blockchain is on the brink of transforming the package-delivery business, FedEx Corp. is testing the technology to track large, higher-value cargo.
FedEx to Shift $6 Billion in Pension Obligations to MetLife
FedEx Corp. is transferring $6 billion in U.S. pension obligations to MetLife Inc. to reduce administrative costs.