FedEx News Updates

Business

Estes Is High Spender on Yellow Terminals in Latest Auction

Estes Express Lines was the high spender in the latest round of bidding for freight terminals owned or leased by bankrupt less-than-truckload carrier Yellow Corp., court documents show.

December 21, 2023
BusinessLogistics

FedEx Misses Earnings Expectation for Fiscal Q2

FedEx Corp. reported it missed analyst expectations for income and revenue when the package delivery giant announced second-quarter fiscal 2024 earnings Dec. 19.

December 20, 2023
BusinessTechnologyAutonomousGlobal Freight

Pilotless FedEx, Reliable Robotics Plane Completes Flight

Reliable Robotics Corp. has flown a small cargo plane on loan from FedEx Corp. without a human on board, a step toward the autonomous flight startup winning regulatory approval.

December 6, 2023
BusinessLogistics

National Zoo’s Giant Pandas Depart for China via FedEx

A specially outfitted Boeing 777F dubbed the FedEx Panda Express transported the National Zoo’s three giant pandas to Chengdu, China, Nov. 8 and 9, with a refueling stop in Anchorage, Alaska.

November 8, 2023
BusinessLogisticsFor-HirePrivateGlobal Freight

UPS to Hire 30,000 Extra Drivers for Peak Season

UPS Inc. is set to hire more than 30,000 additional drivers for peak season, a mix of package car drivers, commercial driver license drivers and seasonal support drivers.

September 27, 2023
BusinessFor-Hire

FedEx Beats Quarterly Wall Street Profit Expectations

FedEx Corp. posted a higher profit than Wall Street expected in its most recent quarter, but trimmed expectations for the full-year period.

September 20, 2023
BusinessLogisticsFor-Hire

UPS CEO Carol Tomé Outlines Challenging Year Ahead

UPS Inc. will pay out the biggest portion of its new labor pact over the next 12 months while trying to win back customers it lost during the contentious contract talks, CEO Carol Tomé said.

September 12, 2023
BusinessLogisticsFor-Hire

UPS to Raise Average Prices by 5.9%

UPS Inc. will raise prices 5.9%, to take effect on Dec. 26.

September 8, 2023
BusinessLogisticsFor-Hire

FedEx Pilots Reject Proposed Multiyear Contract

Union pilots who fly for FedEx announced on July 24 the rejection of a proposed multiyear contract from the company, with 57% of members voting against the deal.

July 24, 2023
BusinessFor-Hire

FedEx Hires Aircraft Leasing Executive John Dietrich as CFO

FedEx Corp. hired John Dietrich, the former head of an aircraft leasing company, as its new chief financial officer amid a sweeping plan to restructure the package delivery giant.

July 17, 2023