Appeals Court Rules Against FedEx in Union Case
The U.S. 3rd Circuit Court of Appeals upheld a lower court ruling Aug. 9 that allows FedEx Freight drivers at the South Brunswick, New Jersey, terminal to form a union with Teamsters Local 701, which the company had refused to recognize.
FedEx Breaks Ground on $15 Million Indiana Terminal
Workers have broken ground on a $15 million FedEx Freight terminal in South Bend, Indiana.
FedEx Freight Adds Pricing Option Based on Distance, Dimensions
FedEx Freight has launched a freight box service that could have a big effect on the way less-than-truckload carriers charge customers, moving toward dimension- and distance-based pricing rather than the National Motor Freight Classification system, analysts said.
FedEx Raises Fiscal 4Q Profitability by 20%, Helped by Results at Express, Ground Units
Improved profits at the Express and Ground units of FedEx Corp. helped the package company raise fiscal fourth-quarter net income by 20%, excluding one-time costs. This sets the stage for continued Ground capital investment to support increased e-commerce and the initial integration of TNT N.V.
FedEx Ground to Pay $240 Million to Settle Driver Classification Suits
FedEx Ground settled an 11-year-old, nationwide lawsuit by agreeing to pay $240 million to 12,000 truck drivers who said they were misclassified as independent contractors rather than employees of the division of FedEx Corp.
FedEx Founder Fred Smith Assails Presidential Candidates' Trade Positions
FedEx Corp. chief Fred Smith said June 21 the company is concerned about both presidential candidates’ views on trade, but he hopes it’s only campaign rhetoric.
FedEx Earnings Rise to $897 Million
Improved profitability at the Express and Ground units helped FedEx Corp. increase fiscal fourth-quarter net income, excluding one-time costs, by 20% to $897 million, or $3.30 per share excluding one-time costs.
June 21, 2016FedEx to Buy Six Boeing 767 Freighters Valued at $1.2 Billion
FedEx Corp. is buying six Boeing 767 freighters valued at $1.2 billion as the world’s biggest cargo airline continues to modernize its fleet.
Justice Department Drops Charges Against FedEx in Drug Shipping Case
The Justice Department has dismissed charges that FedEx illegally transported prescription drugs.
June 20, 2016FedEx to Settle Driver Lawsuits in 20 States for $240 Million
FedEx Ground Package System Inc. has agreed to pay drivers in 20 states $240 million to settle lawsuits claiming the second-largest U.S. parcel delivery company misclassified them as independent contractors, it said on June 16.