FedEx News Updates

Business, Logistics, For-Hire

FedEx Implementing Ranking System for Delivery Contractors

FedEx Corp. is rolling out a new system for evaluating its delivery contractors that rank them like Olympic medal winners.

January 31, 2023
Business

Q&A: FedEx Founder, Veteran Fred Smith Offers Unusual Gift

Fred Smith, the founder of FedEx, believes that if you’ve done well, you should give back to the public interest.

January 11, 2023
Business, Equipment, Logistics

FedEx to Shrink Sunday Delivery Service to 50% of US

FedEx Corp. plans to scale back even more on Sunday package deliveries as the courier grapples with faltering e-commerce demand.

January 10, 2023
Business, For-Hire, Global Freight

FedEx Profit Tops Estimates as Higher Prices Offset Decline in Shipments

FedEx Corp. on Dec. 20 reported fiscal-year, second-quarter income that beat Wall Street expectations and revenue that fell below expectations.

December 21, 2022
Government, Business, Equipment, Safety

Memphis Airport’s New De-icing Pads Boost Cargo Transport

Federal officials unveiled a 3.3 million-square-foot aircraft de-icing pad at Memphis International Airport, where FedEx Corp. has its largest sorting facility.

December 1, 2022
Business, Logistics

Carriers Feeling Cheery About On-Time Holiday Deliveries

The nation’s major shipping companies are in the best shape to get holiday shoppers’ packages delivered on time since the start of the pandemic, suggesting a return to normalcy.

November 21, 2022
Business, Logistics

FedEx Delivery Contractors’ Threat of Black Friday Walkout Fizzles

FedEx Corp. defused a threat by its delivery contractors to walk off the job on Black Friday in protest of dwindling profits as a trade group representing disgruntled logistics company owners disbanded.

November 19, 2022
Business, Equipment, Logistics, For-Hire, Global Freight

FedEx Freight Unit Furloughs Workers as Cargo Demand Slows

FedEx Corp.’s freight unit is putting workers on furlough in some U.S. markets, adding to mounting evidence of a cargo slowdown as the company joins other large employers trimming their ranks.

November 14, 2022
Business, Logistics, For-Hire

FedEx Reports Declining Q1 FY 2023 Income

FedEx Corp. said as the global economy slows, it is aggressively looking to reduce costs, and that it will raise rates across divisions in January.

September 28, 2022
Business

FedEx Cost Cuts Aim to Save $2.7 Billion

FedEx Corp. expects to save as much as $2.7 billion this fiscal year through wide-ranging cost-cutting measures in response to weakening business conditions.

September 22, 2022