FedEx Corp. set a goal to boost profit by $1.7 billion within three years, by cutting costs, as customers shift away from overnight shipments to slower and cheaper deliveries, Bloomberg reported.
October 9, 2012Business
FedEx Reports Lower Earnings; Reduces Future Profit Forecasts
FedEx Corp. last week reported a lower fiscal first-quarter profit and reduced earnings forecasts, but said its less-than-truckload unit provided a bright spot by more than doubling its results.
September 24, 2012Business
FedEx Says 1Q Profit Slips; Cuts Full-Year Forecast
FedEx Corp. on Tuesday reported its fiscal first-quarter profit fell slightly from a year ago, and the company cut its full-year earnings outlook.
September 18, 2012Business
FedEx Says Quarterly Profit to Fall 4.1% From Year Ago
FedEx Corp. said its earnings for the three months ended Aug. 31 will probably decline by 4.1% from last year’s comparable quarter, “as weakness in the global economy constrained revenue growth†at its Express division.
September 10, 2012Business
FedEx Cuts 1Q Earnings Forecast
FedEx Corp. lowered its earnings forecast for its recently ended fiscal first quarter, saying that weakness in the global economy constrained its revenue growth.
September 5, 2012Business
FedEx Improves Vehicle Fuel Efficiency 16.6%
FedEx Corp. has increased its vehicle fuel efficiency by 16.6% from 2005 levels, due in part to the use of all-electric vehicles and hybrid fuel vehicles, the company said Monday.
August 20, 2012Business
FedEx Completes Brazilian Logistics Acquisition
FedEx Corp. said it completed its acquisition of Brazilian logistics firm Rapidão Cometa LogÃstica e Transportes S.A.
July 5, 2012Business
FedEx Completes Acquisition of French Firm Tatex
FedEx Corp. said Tuesday it has completed its acquisition of French express-delivery company Tatex, part of its strategy expand its European business.
July 3, 2012Business
FedEx’s Quarterly Profits Rise to $634 Mln.On Strong Performance of LTL Division
FedEx Corp. said its fiscal fourth-quarter earnings, excluding a charge for aircraft retirements, rose to $634 million, helped by a 93% increase in operating income at the FedEx Freight segment.
June 25, 2012Business
FedEx Reports Higher Adjusted 4Q Profit
FedEx Corp. said Tuesday its fourth-quarter profit slipped to $550 million, or $1.73 per share, from $558 million, or $1.75, a year ago.
June 19, 2012