FedEx 3Q Profits Increase 11% but Fall Short of Analysts' Target
FedEx Corp. said its fiscal third-quarter profits rose 11% — despite the negative effects of fuel costs — and that rate increases helped to bolster revenue.
FedEx Profits Up 3.7%, Earnings Forecast Misses Mark
FedEx Corp. reported that profits rose 11% year-over-year on higher revenue due to a rate hike last autumn, but lower operating income companywide due to higher fuel costs, one fewer operating day at FedEx Express and FedEx Ground, and higher costs to expand the Ground network.
March 22, 2017FedEx Expands Footprint at Memphis International Airport
Memphis International Airport officials agreed March 16 to lease more land to super-tenant FedEx Corp.
Appeals Court Rules FedEx Drivers in Conn. Are Independent Contractors, Not Employees
An appeals court has ruled that FedEx Ground Package System drivers working out of a terminal in Hartford, Connecticut, are independent contractors and not employees of the package carrier.
FedEx Executives Logging Face Time With Trump, Pence
Top FedEx officials are logging face time with the Trump administration in Washington this week.
FedEx Freight Expands in Kentucky With New Complex
FedEx Freight is stepping up its presence in Lexington, Kentucky, although the company won’t say by how much.
FedEx Pushes for Infrastructure Fix as Trump Weighs Investment
The growth of e-commerce is putting enormous new demands on U.S. highways, airports and other infrastructure, which must be modernized with sustainable funding, FedEx Corp. Chairman and CEO Frederick Smith said.
FAA Says Yes to Possible FedEx Facility at Chino Airport
The Federal Aviation Administration has given its nod for a FedEx delivery facility at Chino Airport in San Bernardino County, California.
FedEx CEO Calls Trump's Withdrawal From Trade Deal 'Unfortunate'
U.S. President Donald Trump should reconsider his positions on international trade and work to embrace China and its vast market, FedEx Corp's CEO said Jan. 24, one day after Trump made good on a campaign promise to pull out of a major trade deal with Asian allies.
FedEx Introduces Package Dropoff, Pickup at Walgreens
FedEx customers will be able to drop off and pick up packages at “thousands of Walgreens” locations nationwide, the shipping giant said Jan. 11.