FedEx

FedEx

FedEx planes at hub

FedEx Corp. is an American global courier delivery services company headquartered in Memphis that provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. It provides strategic direction and consolidated financial reporting for the operating companies that compete collectively under the FedEx name worldwide: FedEx Express, FedEx Ground, FedEx Freight, FedEx Office, FedEx Custom Critical, FedEx Trade Networks, FedEx Supply Chain Solutions and FedEx Services.

Federal Express, now FedEx Express, first began operations in 1973, with the delivery of 186 packages to 25 U.S cities, and today it has the world’s largest all-cargo air fleet.

FedEx reported its net profit in the third quarter of fiscal year 2014, ending Feb. 28, 2014, was $378 million, increasing 5 percent year-over-year from $361 million.

FedEx founder Frederick W. Smith, the company’s president, chairman and CEO, delivered the keynote at the JOC’s 14th annual TPM conference in Long Beach, Calif., in March 2014:

Frederick W. Smith 

13 Nov 2014
The third quarter was good to practically all the publicly owned U.S. trucking companies: none reported losses, and their combined revenue rose 10.7 percent to more than $10 billion, supported by a second quarter of stronger freight demand and economic growth.
13 Nov 2014
Road and city drivers at a FedEx Freight terminal in Newark, N.J., voted against joining the Teamsters union — the second victory for FedEx Freight in four elections.
12 Nov 2014
The millions of products ordered online in China during the November 11 “Singles Day” will have to be delivered across mainland China in the next couple of weeks, placing intense pressure on distribution networks in the country.
Holiday shopping
23 Oct 2014
FedEx said it has plans in place to handle expected record volume of holiday shipments this year and avoid a repeat of 2013’s late-shipments debacle.
21 Oct 2014
UPS will raise freight rates for air and ground packages, domestic and international shipments and less-than-truckload freight by 4.9 percent on average Dec. 29, the company said Monday.
06 Oct 2014
A Kansas court decision could influence 20 class action lawsuits claiming FedEx Ground drivers in the last decade were employees, not independent contractors.
03 Oct 2014
Major U.S. parcel carriers are pressuring retailers to be more realistic in shipping expectations in order to avoid a repeat of the 2013 holiday season, when over 2 million express packages were not delivered by Christmas Eve.
30 Sep 2014
The world’s top integrators are waiting to see how the recent ruling by China’s State Council to liberalize domestic package delivery will play out across the multibillion dollar market dominated by a multitude of small low-cost operators.
iPhone 6
22 Sep 2014
Even as air freight space out of China is has tightened because of the launch of the Apple iPhone 6, the typical air freight surges associated with major electronics product launches are not what they used to be.
FedEx
18 Sep 2014
There really was a Christmas in July this year, at least in terms of increased global container business. That bodes well for North American trucking, intermodal rail and package delivery companies now preparing for an influx of freight ahead of the holiday season.
17 Sep 2014
Strong domestic volumes in the air and on the ground delivered double-digit profit growth for FedEx in the first quarter of its new fiscal year.
27 Aug 2014
A U.S. appellate court panel ruled that as many as 2,300 FedEx Ground drivers in California and Oregon were employees, not independent contractors, when they worked for the package delivery company in the last decade.