Snow Disrupts FedEx Hub, But Memphis Airport Remains Open
Snow disrupted operations at the FedEx Express Memphis hub overnight and prompted Delta Air Lines to cancel four Jan. 6 afternoon flights between Memphis and Atlanta.
FedEx Net Income Up 1.3% in 2Q, Tempered by Decline in LTL Profit
FedEx Corp. reported profits rose 1.3% for its fiscal second quarter versus one year ago, as growth was hampered by a decline in profitability at the less-than-truckload division, according to the company’s Dec. 20 earnings release.
To Keep FedEx-Like Margins, China Logistics Firm Plans Cuts
ZTO Express Inc., the first Chinese package-delivery company to list in the United States, said it needs to cut costs in China to maintain profit margins that exceed FedEx Corp.’s.
December 28, 2016FedEx Profits Rise 1% But Miss Analyst Targets
FedEx Corp. reported profits rose about 1.3% for its fiscal second quarter versus one year ago, but earnings before tax and interest dropped 13% in the freight division, according to company earnings released Dec. 20.
December 21, 2016Surge in Online Ordering Has Package Delivery Firms Hopping
A surge in online holiday shopping has national package delivery companies gearing up for record shipping days heading into Christmas and Hanukkah.
FedEx Shares Break $200 Barrier as Market Surges
FedEx shares hit $200 Dec. 13 for the first time, propelled by a stock market surge since the election of Donald Trump.
FedEx Chief Fred Smith Blasts Trump's Trade Policies
FedEx chief Frederick Smith has gone on the offensive against President-elect Donald Trump's trade proposals, warning of dire consequences if the nation pursues the protectionist policies Trump espoused during the campaign.
FedEx Focuses on Boxes, Marks Cyber Monday Peak
At the lab in suburban Collierville outside Memphis, Tennessee, technicians use machines to drop, squeeze, smash and vibrate packages containing such items flat-screen TVs, Memphis barbecue, cakes and guitars.
FedEx CEO Fred Smith Visits Trump Tower to Meet President-Elect
FedEx Corp. CEO Fred Smith met with President-elect Donald Trump on Nov. 17 in New York.
Avalanche of E-Commerce Expected to Boost FedEx Shipping Volume This Holiday Season
FedEx expects about 10% growth in holiday season shipping volume amid an avalanche of e-commerce.