FedEx

By Jeff Berman · January 9, 2017
Although only a few more days remain until Donald Trump is sworn in as the 45th President of the United States, there have been more than a few days since the election to ponder what happens next, when Trump’s campaign rhetoric and subsequently since the election Twitter speak, take up permanent resident in the oval office.
By Jeff Berman · December 21, 2016
Quarterly revenue at $14.93 billion was up 16.6 percent annually, operating income at $1.167 billion was up 2.6 percent, and net income at $700 million was up 1.3 percent. Earnings per share at $2.80 were up 7.9 percent annually but did not meet Wall Street expectations of $2.91 per share.
By Jeff Berman · December 13, 2016
A report in the Wall Street Journal suggests that the uptick in e-commerce may be taking its toll to a degree, with the companies “straining to keep up with holiday shipping volumes that have blown past expectations, delaying the delivery of some of the millions of online orders shoppers have placed since Thanksgiving.”
By Jeff Berman · November 22, 2016
After announcing rate increases for various service offerings in early September, global transportation and logistics bellwether UPS recently announced additional pricing hikes on its website late last week.
By Jeff Berman · October 31, 2016
FedEx 3PL subsidiary GENCO recently announced a major network expansion, rolling out a multi-tenant warehousing offering for United States- and Canada-based healthcare shippers.
By MMH Staff · October 18, 2016
The system has increased throughput by 12%, while also reducing dimensional weight shipping costs by 66%.
By Jeff Berman · September 20, 2016
Perhaps the most significant change announced by FedEx is that fuel surcharges for FedEx Express and FedEx Ground will be adjusted on a weekly basis instead of the current process in which adjustments are made on a monthly basis with a two-month lag between U.S. government published fuel indexes and the fuel surcharges.
By Jeff Berman · August 10, 2016
The company said this new facility is part of the company’s nationwide network expansion plan that includes 560 distribution hubs and local pickup-and-delivery stations around the country.
By Jeff Berman · July 8, 2016
Drivers for FedEx Ground Package System in 20 states will receive $240 million from FedEx to settle lawsuits that claim FedEx misclassified them as independent contractors, according to a Reuters report. Fedex Lawsuit 2016, FedEx Settlement.
By Jeff Berman · June 22, 2016
FedEx Quarterly revenue at $13 billion was up 7 percent, while the company had a $70 million net income loss to $897 million and a $68 million net income loss to $1.51 billion. And it had a earnings per share of $3.30, which was 20 percent higher than a year ago and topped Wall Street expectations of $3.28.
By Jeff Berman · May 25, 2016
The $4.8 billion acquisition of Netherlands-based TNT Express-NV, a provider of mail and courier services and the fourth largest global parcel operator, by transportation and logistics services provider FedEx was made official today.
By Jeff Berman · May 19, 2016
Memphis-based FedEx said yesterday that it has unconditionally declared its offer for TNT, with 88.4 percent of all shares committed and a settlement date for the deal of next Wednesday, May 25 and all offer conditions having been satisfied or waived.
By Jeff Berman · May 9, 2016
When it comes to pricing changes, transportation and logistics bellwethers are usually on the same page. And that was again made clear with changes each company made for additional handling charges on ground packages.
By Jeff Berman · April 29, 2016
The proposed $4.8 billion acquisition of TNT Express N.V. by FedEx took a major step closer to becoming official today, with the company and TNT announcing today that they have received unconditional approval of the offer from the Ministry of Commerce People’s Republic of China (MOCFCOM).
By Jeff Berman · March 23, 2016
CrossBorder is the former Bongo International, a provider of cross border enablement technologies and solutions, whom FedEx acquired in December 2014. FedEx said that this announcement reflects its investment in expanding its international e-commerce offerings.

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