FedEx to Borrow $1.5 Billion for Contribution to Pension Plan After Tax Changes
FedEx Corp. is borrowing $1.5 billion to fund a contribution to its pension plan that it announced after the passage of U.S. tax law changes.
FedEx to Spend $3.2 Billion in Tax Reform Savings on Staff, Operations
FedEx Corp. ramped up staff pay boosts and corporate investments arising from the December passage of the U.S. Tax Cuts and Jobs Act, saying it would spend more than $3.2 billion to increase employee compensation, bulk up the company’s pension plan and invest in several of its hubs.
FedEx Lands at No. 9 on Fortune’s List of World’s Most Admired Companies
FedEx Lands at No. 9 on Fortune’s List of World’s Most Admired Companies
Deep Freeze Slows Flights, Sorting at FedEx Express World Hub in Memphis
A deep freeze following snow Jan. 16 continued to disrupt FedEx’s world hub in Memphis on Jan. 17, causing potential delays in package deliveries.
Snow Causes FedEx Hiccup
Memphis International Airport saw little impact on passenger flights from a winter storm early Jan. 16, but FedEx’s cargo operation experienced disruptions that could affect deliveries.
FedEx Beefs Up Unit Led by Founder’s Son to Include Specialty Logistics, E-Commerce
FedEx is expanding the business unit led by its founder’s son by consolidating specialty logistics and e-commerce solutions within FedEx Trade Networks.
FedEx Seeks Permit for $35.4 Million Building at Express Hub at Memphis International Airport
FedEx has applied for a building permit for a building project valued at $35.4 million at its world hub at Memphis International Airport.
FedEx Express Opens Mammoth Shanghai Hub, Touts Improved Asia Linkage
FedEx on Jan. 8 announced the official opening of a new, 1.4 million square foot Shanghai hub that bolsters access to one of the world’s fastest-growing markets.
UPS and FedEx Handle Record Holiday Surge With Minimal Delays
United Parcel Service Inc. and FedEx Corp. delivered almost all of people’s presents by Christmas Day, with the former company finishing strong after a bruising late November.
Analysis: FedEx’s Good News Could Get Big League
FedEx Corp.’s delivery truck is heading in the right direction, but the turbo-charge from Uncle Sam won’t hurt. The $65 billion company reported earnings after the close of trading on Dec. 20, besting analysts’ quarterly estimates and raising its full-year outlook.