UPS Court Filing Signals Continued Interest in TNT Express
UPS Inc. signaled its continued interest in Netherlands-based package and freight carrier TNT — currently pledged to a merger with FedEx Corp. — by asking a European Union court to reverse a 2013 regulatory ruling that blocked UPS from acquiring the Dutch company.
FedEx Plans Bond Offering in Euros for TNT Deal
FedEx Corp. will seek to finance part of its TNT Express acquisition with a debt offering in euros, its first non-U.S. bond issue.
FedEx Debuts Cold Chain Center to Keep Shipments Chilled During Delays
FedEx Corp. unveiled its Cold Chain Center on March 29, designed to hold frozen, refrigerated and controlled room temperature shipments when they're delayed in transit through the hub.
FedEx Delivers River Otter Pup
FedEx Corp. delivered a river otter pup named Oliver to the Downtown Aquarium in Denver last week after an overnight layover at the FedEx Express World Hub in Memphis.
FedEx Issues $2 Billion in Notes, Plans Second Debt Sale for TNT Acquisition
FedEx Corp. has issued $2 billion in notes to fund repayment of debt and share repurchase programs.
March 25, 2016Bongo International Relaunches as FedEx CrossBorder
FedEx Trade Networks, the international freight forwarding arm of FedEx Corp., announced the relaunch of Bongo International as FedEx CrossBorder.
March 24, 2016$30 Million FedEx Distribution Center to Open in Chattanooga
A new $30 million FedEx Ground distribution center in Chattanooga, Tennessee, being built off Interstate 75 will open in August 2017, officials said March 21.
FedEx Confirms New Ohio Distribution Center
FedEx Ground confirmed March18 that it has entered into a lease agreement for a new distribution center on a 32-acre site in Miami Township, Ohio, to be finished by July 2017.
FedEx’s Profits Increase 18% On Growth at Express Unit
FedEx Corp. last week said its fiscal third-quarter net income rose 18% to $692 million, or $2.51 per share, excluding one-time costs and powered solely by higher profits at its Express unit.
FedEx CEO Calls Amazon Challenge Reports 'Fantastical'
When FedEx Corp. CEO Fred Smith looks at Amazon.com, he sees a valuable customer — not a mortal danger.