The 50 largest US trucking operators in the United States saw revenue growth throttle back considerably in 2019, but 2020 is shaping up to be even worse.
Monday April 6, 2020
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FedEx
FedEx
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.
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Press Releases
19 Mar 2020
The response to the new coronavirus disease 2019 (COVID-19) pandemic is dominating business at FedEx, as global air and domestic ground supply needs swing and the firm looks to prioritize test kits and relief supplies.
19 Mar 2020
FedEx expands use of its US ground unit to deliver more air express packages, as e-commerce volumes swell and Amazon ups the competitive ante.
27 Feb 2020
The freight rate marketplace provider Freightos will include an option for shippers to add FedEx customs brokerage services on-demand as part of a broader deal between the two companies that also includes FedEx’s use of Freightos’ air cargo pricing and booking tools.
18 Dec 2019
Changes in package delivery market are leading FedEx to rethink its air express and ground strategies, as it struggles with a slowdown in global trade.
18 Sep 2019
When it comes to profitability, FedEx’s less-than-truckload arm outperformed its bigger, package-focused sister divisions, while gaining e-commerce business.
05 Jun 2019
Merging FedEx’s Ground and Express networks would allow the company to cut costs while creating billions in shareholder value, SJ Consulting Group president Satish Jindel writes in JOC.com's The Industry Speaks series.
21 Mar 2019
Shippers should be on the lookout for increases in trucking and parcel accessorial charges as freight rates come under increasing pressure.
20 Mar 2019
Higher volumes of lighter weight, short-distance e-commerce packages sap revenue and yield at FedEx Express, which also expects slower growth in international trade.
17 Dec 2018
The presidential task force on US Postal Service reform has focused on an important aspect of its business model, but unfortunately it has missed an opportunity to make a change that would truly make a difference for the Postal Service.
27 Nov 2018
Even after a 2019 rate increase for first class mail, the US Postal Service remains a bargain, compared with rates for other national postal services in the developed world. And there’s additional good news regarding parcel select service rates.
01 May 2018
FedEx Corp. has tapped John A. Smith to run its FedEx Freight division as president effective Aug. 16, succeeding the retiring Michael Ducker. Smith, 56, has been with FedEx since 2000 but is unrelated to the company’s founder Fred Smith.
20 Dec 2017
While handling record volumes this holiday season, FedEx is speeding efforts to integrate TNT Express into a ‘hardened’ information technology infrastructure following last June’s cyberattack.
27 Oct 2017
Third-quarter earnings reports reveal across-the-board increases in transportation rates, with little sign pressure will ease soon.
19 Sep 2017
Higher base rates boosted revenue, but a cyber attack and hurricane helped depress profit at FedEx this summer. The transport operator plans across-the-board rate hikes.
31 Aug 2017
This resource includes customer updates from logistics companies and transportation providers, and ways people can contribute to charitable organizations to help those affected by the storm and flooding.
03 Aug 2017
Want to avoid FedEx holiday season surcharges? Cut back on packaging and use last-mile services for heavier freight, a transportation consultant advises
28 Jun 2017
FedEx European subsidiary TNT Express is the second major transportation operator affected by a global cyberattack.
21 Jun 2017
FedEx, undecided about whether to follow UPS in imposing holiday season surcharges, is talking with volume customers on pricing. Best advice: Avoid last-minute shipping.
09 Jun 2017
As e-commerce reshapes fulfillment and transportation, the effects are evident among logistics companies that make the Fortune 500 list of largest US companies.
21 Mar 2017
Shippers spent more on dedicated trucking and last-mile deliveries last year, benefiting top tier carriers. Will industrial and consumer freight follow in 2017?
08 Mar 2017
UPS has not said whether it will seek damages following the ruling.
18 Oct 2016
The US delivery company will spend 200 million euros to expand its sorting facility at Charles de Gaulle airport and 1.2 billion euros on a 30-year lease.
21 Sep 2016
TNT's European road network, and its ability to handle profitable palletized freight, will be important to FedEx as it integrates global express operations.
20 Sep 2016
FedEx raised revenue, profit in its first quarter as owner of TNT Express, despite integration costs following acquisition.
25 May 2016
Ireland-based ASL Aviation has sealed the acquisition of TNT Express’s two cargo airlines.
18 May 2016
FedEx Wednesday declared its offer for TNT Express unconditional.
05 May 2016
JOC Senior Content Editor Alessandra Barrett and Executive Vice President and Chief Operating Officer of FedEx Trade Networks Dr. Udo Lange discuss how e-commerce is shaping shipping and logistics now, and how it will continue to shape the industry in the future as the gap between e-commerce and traditional commerce narrows.
25 Apr 2016
TNT Express narrowed its net loss in the first quarter to 14 million euros ($15.8 million) from 19 million euros a year ago as it prepares to be taken over by its larger U.S. rival FedEx.
05 Apr 2016
Three acquisition-hungry companies, XPO Logistics, Celadon Group and Daseke, were the fastest-growing businesses on a list of the 50 largest U.S. trucking companies in 2015.
17 Mar 2016
Suggestions that Amazon.com’s forays into air freight and logistics might disrupt the business of traditional package carriers or compete with them are “fantastical,” FedEx founder and Chief Executive Officer Fred Smith said Wednesday. “Let me emphasize I choose this word carefully,” Smith said.
16 Mar 2016
Stronger-than-expected online shipping demand pressured various points in FedEx's transportation network in December, raising volumes on air and ground in the quarter that ended Feb. 29.
24 Feb 2016
The ground package arm of FedEx will lease a CenterPoint-owned distribution and sorting facility in Auburn, Washington, six miles from Amazon's Kent fulfillment center and close to the ports of Seattle and Tacoma.
16 Feb 2016
TNT Express returned to the black in the fourth quarter of 2015 as strong growth in European revenues more than offset declines in Brazil and China and its restructuring program gained momentum.
08 Jan 2016
EU antitrust regulators today unconditionally approved FedEx’s 4.4 billion euros ($4.75 billion) acquisition of TNT Express.
16 Dec 2015
A steady influx of e-commerce shipments on the ground gave FedEx lift in the quarter that ended Nov. 30, despite weakness in global trade and faltering U.S. industrial production.
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