FedEx 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, 2010FedEx to Overhaul Freight Unit by Combining LTL Operations
FedEx Corp. last week said it doubled its quarterly profits, largely because of strong international business, and announced a major overhaul of its money-losing domestic less-than-truckload operations.
September 20, 2010FedEx’s 1Q Income Jumps; Company Will Combine Freight, LTL Units In January
FedEx Corp.’s first-quarter earnings more than doubled and the company said it will combine its freight and less-than-truckload units in January.
September 16, 2010FedEx to Pay $3 Million to Massachusetts in Contractor Case Settlement
The Massachusetts attorney general’s office said FedEx Ground has agreed to pay the state $3 million to settle claims that FedEx allegedly misclassified its drivers as independent contractors.
FedEx Ground Plans New Chicago Distribution Center
FedEx Ground, the small-package ground unit of FedEx Corp., is building a package sorting and delivery station that would be the company’s fifth in the Chicago area.
June 25, 2010FedEx Has Quarterly Profit, Reversing a Year-Ago Loss
FedEx Corp. reported a profit for its fiscal fourth quarter, rebounding from a loss a year ago, as a recovering global economy boosted international express shipments.
June 21, 2010FedEx’s 4Q Profit, Revenue Improve
FedEx Corp.’s fourth-quarter profit increased from a year ago on higher package volume and an improving economy, the company said Wednesday.
June 16, 2010