FedEx’s Fred Smith: It’s Unlikely Company Will Need Federal Help
FedEx Corp. CEO Fred Smith said during a television appearance that he doesn’t expect his company to seek assistance from the federal government to survive the economic downturn being caused by the spread of COVID-19.
FedEx Reports Mixed Earnings; Leadership Cites Impact of Coronavirus
FedEx announced March 17 that year-over-year quarterly net income for its fiscal third quarter fell 57% to $315 million, compared with $739 million in the same period a year ago. But Q3 revenue rose 3% to $17.5 billion from $17 billion a year ago.
UPS, FedEx Ease Signature Rules to Protect Against Virus
FedEx Corp. and UPS Inc. are dropping the normal signature rules for package deliveries to protect customers and workers as the coronavirus outbreak worsens.
Mike Lenz to Succeed Alan Graf as FedEx CFO
FedEx. Corp. announced a major change in leadership March 9.
FedEx to Add 42 Electric Charging Stations in California
FedEx Corp. plans to electrify 42 FedEx stations in California, in the next phase of its electric vehicle rollout — calling it one of the largest deployments of integrated charging infrastructure by a single commercial fleet to date.
February 28, 2020FedEx Rearranges Deliveries in Efficiency Push
FedEx Corp. is revamping its operations to hand off some deliveries from its overnight division to its separately run ground business, in an effort to wring more profit from surging e-commerce.
UPS to Expand Service, Capacity, Add Operation Hours
UPS Inc. rolled out a series of offerings Jan. 29 aimed at improving service to small and midsize businesses, including an extension of weekend operations.
FedEx Ground Begins FedEx Home Delivery on Sundays
FedEx Ground has launched year-round Sunday deliveries for its residential FedEx Home Delivery service for the majority of the U.S. population, according to parent company FedEx Corp.
Amazon Lifts Restriction on Sellers Using FedEx to Ship Packages
Amazon .com Inc. lifted restrictions established during the holiday shopping season that had prevented third-party merchants selling goods on the site from shipping packages with FedEx Corp.’s ground service.
January 14, 2020FedEx Begins Construction on Distribution Facility in Florida
Construction has begun on a 42,000-square-foot FedEx distribution center near the airport in Gainesville, Fla.