FedEx Freight to Use Rail Intermodal for First Time, Shifting From Trucks
FedEx Freight, the second-largest less-than-truckload carrier in the nation, said it plans to use rail intermodal service for the first time as part of new “economy” freight service, beginning Jan. 31.
January 31, 2011FedEx 2Q Earnings Drop 18%, Reflecting LTL Integration Costs
FedEx Corp.’s earnings fell 18% in the company’s fiscal second quarter to $283 million, reflecting one-time charges that included integration costs at the FedEx Freight less-than-truckload unit.
December 20, 2010FedEx’s 2Q Income Declines on LTL Restructuring Costs
FedEx Corp. said Thursday its second-quarter earnings slipped to $283 million, or 89 cents per share, from $345 million, or $1.10, a year ago, on charges related to the impending restructuring of its less-than-truckload operations.
December 16, 2010FedEx Freight Cuts Transit Times on Canada Routes
FedEx Corp. said Tuesday its FedEx Freight Canada unit has improved transit times on hundreds of cross-border routes between the United States and Canada.
December 7, 2010FedEx to Raise Ground Rates 4.9%
FedEx Corp. said it would raise shipping rates for its Ground and Home Delivery units by a net average of 4.9%, effective Jan. 3.
December 3, 2010FedEx Calls for Tax Credits for Electric Vehicles
FedEx Corp. has joined utilities, vehicle manufacturers and other companies in pushing for a tax credit for fleets that buy electric vehicles, Bloomberg reported.
November 15, 2010FedEx Expects 11% Gain in Holiday Package Volume
FedEx Corp. said it expects to handle 223.3 million items between Thanksgiving and Christmas this year, an 11% increase over the same period last year.
November 12, 2010FedEx Freight Will Return to Profitability Through LTL Restructuring, Logue Says
The impending combination of FedEx Corp.’s two less-than-truckload networks is a “game-changing growth strategy” that will return FedEx Freight to profitability while maintaining volume in a slimmed-down LTL operation, the company’s top executive said last week.
October 4, 2010FedEx to Boost LTL Rates 6.9%
FedEx Corp.’s less-than-truckload units will impose a 6.9% general rate increase effective Nov. 1, the company said Wednesday.
September 29, 2010FedEx Expands Overnight Services
FedEx Express said Wednesday it is expanding its domestic service offerings, including FedEx First Overnight, and is adding a Saturday overnight service.
September 22, 2010