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FedEx Corp. CEO Fred Smith said during a television appearance that he doesn’t expect his company to seek assistance from the federal government to survive the economic downturn being caused by the spread of COVID-19.

FedEx announced March 17 that year-over-year quarterly net income for its fiscal third quarter fell 57% to $315 million, compared with $739 million in the same period a year ago. But Q3 revenue rose 3% to $17.5 billion from $17 billion a year ago.

FedEx Corp. and UPS Inc. are dropping the normal signature rules for package deliveries to protect customers and workers as the coronavirus outbreak worsens.

FedEx. Corp. announced a major change in leadership March 9.

FedEx Corp. plans to electrify 42 FedEx stations in California, in the next phase of its electric vehicle rollout — calling it one of the largest deployments of integrated charging infrastructure by a single commercial fleet to date.

FedEx Corp. is revamping its operations to hand off some deliveries from its overnight division to its separately run ground business, in an effort to wring more profit from surging e-commerce.

UPS Inc. rolled out a series of offerings Jan. 29 aimed at improving service to small and midsize businesses, including an extension of weekend operations.

FedEx Ground has launched year-round Sunday deliveries for its residential FedEx °®¶¹´«Ã½ Delivery service for the majority of the U.S. population, according to parent company FedEx Corp.

Amazon .com Inc. lifted restrictions established during the holiday shopping season that had prevented third-party merchants selling goods on the site from shipping packages with FedEx Corp.’s ground service.

Construction has begun on a 42,000-square-foot FedEx distribution center near the airport in Gainesville, Fla.