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.
June 27, 2016FedEx 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.
June 23, 2016FedEx 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.
June 21, 2016Justice 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.
June 17, 2016FedEx to Lease More Land at Memphis Airport
Memphis, Tennessee, airport officials will consider leasing about 15 more acres to their largest tenant, FedEx.
June 16, 2016FedEx, Bridgestone Settle 2014 Fatal Wyoming Crash Lawsuits
CHEYENNE, Wyoming — Federal lawsuits filed last year against Bridgestone Americas Tire Operations and FedEx Ground Package Systems Inc. in connection with a triple-fatal collision that happened here on Interstate 80 have settled out of court.
June 13, 2016Pennsylvania Will Be Site of FedEx Ground's Largest Terminal
ALLENTOWN, Pa. — The FedEx Ground terminal planned in Northampton County will bring hundreds of jobs to the Lehigh Valley region and become the company's largest warehouse and logistics hub among 34 it operates nationwide, a company executive told members of the Valley business community June 8.
June 9, 2016FedEx Incorporating Artificial Intelligence in Trucks, Planes, Founder Fred Smith Says
FedEx board member and author, Joshua Cooper Ramo, believes in the power of supercomputers, meganetworks and artificial intelligence to transform humanity.
June 8, 2016