FedEx Wins $10.5 Bln. Postal Deal to Provide Expedited Mail Service
FedEx Corp. last week won a $10.5 billion contract to continue providing domestic airmail transportation for the U.S. Postal Service, defeating a bid by UPS Inc. to grab at least a share of that business.
April 29, 2013FedEx Profit for 3rd Quarter Tumbles 31% as Customers Pick Slower, Cheaper Service
FedEx Corp.’s fiscal third-quarter profit declined from a year earlier as international airfreight remained weak and customers increasingly selected slower, less expensive services, the company said last week.
March 25, 2013FedEx Reports Lower 3Q Profit
FedEx Corp. said its third-quarter profit slipped from a year ago due in part to the company’s voluntary buyout program for U.S. officers, but operating profit at its less-than-truckload freight unit turned around a loss.
March 20, 2013FedEx Ground Names Maier Its Next CEO
FedEx Corp. said Henry Maier will succeed David Rebholz as CEO of the company’s FedEx Ground unit, which provides small-package delivery services.
January 15, 2013Earnings Slip 12% to $438 Mln. at FedEx, Despite Gains at Ground, Freight Units
FedEx Corp.’s Ground and Freight units increased fiscal second-quarter profit, cushioning the blow of lower profits at the Express business, the company reported last week.
December 24, 2012FedEx Reports Lower 2Q Profit
FedEx Corp. said Wednesday its second-quarter profit slipped from a year ago due in part to Hurricane Sandy, but operating profit at its less-than-truckload freight unit almost doubled.
December 19, 2012FedEx Ground Sets 4.9% Rate Increase
FedEx Corp. said it will boost rates at its FedEx Ground and home delivery services by an average 4.9%, beginning in January.
November 30, 2012FedEx Sees Record ‘Green Monday’ in December, Driven by Online Sales
FedEx Corp. said it is expecting record volume, fueled by online sales, on “Green Monday” in early December, the busiest online shopping day of the year.
October 22, 2012FedEx Reducing Costs to Increase Its Profits
FedEx Corp. last week aimed to improve profits by $1.7 billion over the next three fiscal years, almost all from cutting costs and streamlining operations at the Express unit.
October 15, 2012FedEx Sets Three-Year $1.7 Billion Profit Growth Plan
FedEx Corp. set a goal to boost profit by $1.7 billion within three years, by cutting costs, as customers shift away from overnight shipments to slower and cheaper deliveries, Bloomberg reported.
October 9, 2012