CHICAGO — After two consecutive years of problems during its holiday peak package season, UPS delivered on time at Christmas this year, while its main rival, FedEx, had a last-minute stumble that left some gifts undelivered until after the holiday.
December 31, 2015Business
FedEx Threatens to Move Tennessee Technology Center if It Doesn't Get 20 More Years of Tax Breaks
FedEx is threatening to move its massive information technology center out of Collierville, Tennessee, if the town government doesn't give the company millions of dollars worth of additional tax breaks over 20 years.
January 5, 2016Business
Online Surge Raises Questions About Delivery Network
A 20% surge in online holiday shopping — much of it just days before Christmas — brought the retailing and shipping industries closer to a tipping point many experts think is inevitable.
January 4, 2016Business
FedEx Second Quarter Net Income Rises on Gains at Express, Ground Units
Continued profit improvement at the Express and Ground units helped FedEx Corp. raise overall net income in its fiscal second quarter by 4% to $691 million, or $2.44 per share.
December 21, 2015Business
Cargo Declines at FedEx’s Hub Airport
Memphis International Airport recorded a modest decline in cargo in November, pointing to a slight slowdown by dominant cargo handler FedEx.
December 18, 2015Business
FedEx Fiscal Second-Quarter Net Income Increases
FedEx Corp. net income in the second quarter of its 2016 fiscal year rose 4% to $693 million, or $2.44 per share, including one-time effects, driven by 26% higher profits at Express and 13% better results at its Ground unit.
December 17, 2015Business
US Gives Blessing to FedEx-TNT Merger
FedEx Corp. and Dutch counterpart TNT Express have won U.S. antitrust permission to merge, according to a listing of approved deals the Federal Trade Commission issued Nov. 24.
November 30, 2015Business
FedEx to Hire 55,000 to Handle Online-Fueled Holiday Shipping
FedEx Corp. will hire about 55,000 temporary workers to grapple with an expected 12% increase in shipping this holiday season, bolstered by an extra day of shopping and continued growth of online purchases.
October 26, 2015Business
FedEx Pilots Approve 6-Year Contract With Bonuses, Raises
Pilots at FedEx Corp., owner of the world’s biggest cargo airline, approved a six-year contract that provides a signing bonus, annual increases in hourly pay and more options for health-care benefits.
October 20, 2015Business
FedEx’s Profit Rises 6% in Fiscal 1Q, Aided by Stronger Results at Express
FedEx Corp. said net income for the fiscal first quarter ended Aug. 31 rose 6% to $692 million, or $2.42 per share, helped by stronger results at the Express unit.
September 21, 2015