FedEx

By Jeff Berman · March 23, 2017
Effective early next month, FedEx Express, a subsidiary of FedEx will roll out a new flight that connects the Liège, Belgium-based TNT European air hub to the Memphis, Tenn.-based FedEx World Hub, the company said this week.
By Jeff Berman · March 22, 2017
Earnings per share at $2.35 were up 22 percent but fell short of Wall Street estimates of $2.65. Revenue was up 14.4 percent at $15.0 billion, and operating income at $1.03 billion was up 17.2 percent.
By Jeff Berman · March 8, 2017
A Reuters report published yesterday, which explained that after losing its bid for TNT, UPS challenged the EU’s decision at the general court, which resulted in the annulment of the EU decision made yesterday, due to what it called a procedural irregularity.
By Jeff Berman · February 24, 2017
Earlier this week, FedEx and the United States Postal Service (USPS) said they have entered into an agreement to extend their air transportation contract, which was originally executed on April 23, 2013, through September 29, 2024.
By Jeff Berman · February 7, 2017
Company officials described FedEx Fulfillment as an e-commerce service that helps small and medium-sized retail shippers fulfill orders from multiple channels like Websites and online marketplaces, as well as manage inventory for retail stores.
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.

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