FedEx Partners With Elroy Air to Test Pilotless Package Drone
FedEx Corp. is partnering with Elroy Air, a startup that makes a large cargo drone, to test moving packages by air with no pilot on board.
Fred Smith Steps Down as FedEx CEO, Remains Executive Chairman
FedEx Corp. founder Fred Smith is stepping down as CEO of the company and transferring the leadership post to Raj Subramaniam, who currently serves as president and COO, the company announced March 28. Smith will remain as executive chairman.
FedEx Reports Record Q3 Revenue on Holiday Surge
Fueled by a strong holiday shopping season by both its business and consumer customers, FedEx Corp. reported higher fiscal third-quarter earnings.
FedEx Suspends All Service in Russia, Belarus
FedEx Corp. has suspended all services in Russia and Belarus as fighting intensifies following the invasion of Ukraine.
March 4, 2022FedEx Surges After Higher Rates Boost Profit, Ease Labor Worries
FedEx Corp. rode increased prices to post profit above analysts’ estimates, bolstering the company’s outlook and easing investor concerns over higher labor U.S. costs. The shares rose in late trading.
FedEx Invests $72 Million in Miami Airport Cargo Hub
FedEx Corp. began operations Dec. 15 at its substantially bigger air cargo hub at Miami International Airport. The $72 million addition, two years under development and roughly the size of two football fields, doubles the hub’s size to 282,000 square feet.
UPS, FedEx, USPS Holiday Shipping Deadlines Draw Near
Dec. 15 is the last day for ground delivery by Christmas with FedEx and USPS, while UPS recommends using its website to get an estimate. Here are other holiday shipping deadlines for the three major carriers.
Trucking Reports Busy Black Friday Weekend
Black Friday weekend was particularly busy for the trucking industry with strong demand coming from retailers and supply chain issues.
FedEx Closes Hong Kong Crew Base Amid Stricter COVID Rules
FedEx Corp. is shutting its crew base in Hong Kong, the world’s busiest international cargo hub, and relocating its pilots as the city considers stricter measures on flight crews to curb the spread of COVID.
UPS, FedEx, USPS Set Holiday Shipping Dates
Though it’s not yet Halloween, delivery companies UPS Inc., FedEx Corp. and the U.S. Postal Service have released their recommended deadlines to ship packages in time for the holidays.