FedEx Freight’s Logue to Retire; Ducker Is Successor
FedEx Freight CEO William Logue, who led the unit back to historical profitability levels, will retire for health reasons Dec. 31, to be succeeded by Michael Ducker, chief operating officer of FedEx Express.
November 5, 2014FedEx Freight Workers Reject Teamsters in N.J. Vote
FedEx Freight drivers at the Cinnaminson, New Jersey, terminal have voted against becoming Teamsters in the first-ever unionization vote at the nation’s largest less-than-truckload company, the company said.
October 14, 2014FedEx Says Kansas Ruling on Drivers Based on Old Practice
FedEx Corp. said a ruling by the Kansas Supreme Court that, under state law, its drivers are employees rather than independent contractors applies to a business practice it hasn’t been using since 2011.
October 6, 2014FedEx Corp’s First-Quarter Income Rises 24% to $606 Million
FedEx Corp. reported its fiscal first-quarter net income rose 24% to $606 million, or $2.10 per share, from $489 million, or $1.53, a year ago.
September 17, 2014Appeals Court Rules Some FedEx Ground Workers Are Employees
In the latest decision on worker status, a federal appeals court in California ruled that 2,300 workers at FedEx Corp.’s Ground unit were employees and not contractors to the package delivery company.
August 28, 2014FedEx Money-Laundering Charge Adds Pressure to Drug Case
By adding money laundering to the charges against FedEx Corp., federal prosecutors are trying to force the package-shipping company to settle its drug-trafficking case, attorneys and analysts said.
August 19, 2014FedEx Freight Seeks Approval to Run Twin 33-Foot Trailers
FedEx Freight wants to incorporate more widespread use of twin 33-foot trailers into its fleet as soon as next year to boost shipping efficiency and hopes to win congressional approval of those configurations in the next federal highway bill.
July 28, 2014FedEx Indicted in Drug-Shipment Case
The Justice Department has indicted FedEx Corp. for delivering prescription drugs and other controlled substances to illegal Internet pharmacies. FedEx denied any wrongdoing and said it would plead not guilty.
July 18, 2014FedEx Net Income Gains in Fiscal 4th Qtr.
A stronger result from FedEx Freight provided the greatest impetus last week for parent FedEx Corp.’s fiscal fourth-quarter earnings to rise to $730 million.
June 23, 2014FedEx Corp.’s 4Q Income Rises to $730 Million
FedEx Corp. reported its fiscal fourth-quarter net income rose to $730 million, or $2.46 per share, from $679 million, or $2.13, a year ago.
June 18, 2014