FedEx

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.
By Patrick Burnson · March 17, 2016
FedEx Corp. reported adjusted earnings of $2.51 per diluted share for the third quarter ended February 29, compared to adjusted earnings of $2.03 per diluted share a year ago. Without adjustments, FedEx reported earnings of $1.84 for the third quarter compared to $2.18 per diluted share last year.
By MMH Staff · February 18, 2016
Students exposed to real-life issues and using actual data to develop solutions to complex supply chain problems.
By Jeff Berman · November 2, 2015
The companies said that the acceptance period was extended because not all offer conditions, specifically, the Offer Condition relating to Competition Clearances, were fulfilled upon expiry of the initial Acceptance Period on October 30.
By Jeff Berman · October 29, 2015
With the days falling off the calendar leading up to the holiday season, the ongoing influence and emergence of e-commerce on supply chain management shows no signs of stopping. That was a major takeaway of a keynote speech given by Henry Maier, president and CEO of FedEx Ground at the University of Rhode Island’s Supply Chain Management Forum earlier this week.
By Jeff Berman · October 26, 2015
The Memphis-based transportation and logistics bellwether said that it is predicting it will move 317 million shipments between Black Friday and Christmas, which, if that number is reached, will stand as a new company record and be up 12.4 percent annually compared to 2014 holiday season volumes.
By Jeff Berman · October 22, 2015
Earlier this week, FedEx union pilots represented by the Air Line Pilots Association (ALPA) signed a new contract with FedEx management, which takes effect in November and becomes amendable in 2021. As for its chief competitor, UPS, though, things are not as harmonious, with the Independent Pilots Association (IPA), the trade union representing UPS pilots recently saying leadership called on its 2,528 members to authorize a pilot strike against UPS.

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