By adding money laundering to the charges against FedEx Corp., federal prosecutors are trying to force the package-shipping company to settle its drug-trafficking case, attorneys and analysts said.
August 19, 2014Business
FedEx Freight Seeks Approval to Run Twin 33-Foot Trailers
FedEx Freight wants to incorporate more widespread use of twin 33-foot trailers into its fleet as soon as next year to boost shipping efficiency and hopes to win congressional approval of those configurations in the next federal highway bill.
July 28, 2014Business
FedEx Indicted in Drug-Shipment Case
The Justice Department has indicted FedEx Corp. for delivering prescription drugs and other controlled substances to illegal Internet pharmacies. FedEx denied any wrongdoing and said it would plead not guilty.
July 18, 2014Business
FedEx Net Income Gains in Fiscal 4th Qtr.
A stronger result from FedEx Freight provided the greatest impetus last week for parent FedEx Corp.’s fiscal fourth-quarter earnings to rise to $730 million.
June 23, 2014Business
FedEx Corp.’s 4Q Income Rises to $730 Million
FedEx Corp. reported its fiscal fourth-quarter net income rose to $730 million, or $2.46 per share, from $679 million, or $2.13, a year ago.
June 18, 2014Business
FedEx Freight to Raise Fuel Surcharge
FedEx Corp. said its subsidiary less-than-truckload unit FedEx Freight will increase its published fuel surcharge by 3 percentage points.
May 5, 2014Business
FedEx Lawsuit Over Untaxed Cigarettes Joined by New York State
New York State joined a federal racketeering lawsuit filed by New York City contending FedEx Corp. wrongly delivered more than 140 tons of untaxed cigarettes ordered over the Internet or by mail.
March 31, 2014Business
FedEx Freight to Open Container Freight Station in Chicago
FedEx Freight said it will open a container freight station at its Chicago Summit, Ill., facility to consolidate and sort freight bound for Puerto Rico.
March 27, 2014Business
FedEx’s 3Q Profit Increases 5%, Slowed by Weather Disruptions
Hampered by what CEO Frederick Smith described as the worst winter weather in company history, FedEx Corp. last week reported quarterly profit growth of 5% to $378 million, or $1.23 a share.
March 24, 2014Business
FedEx Corp.’s 3Q Income Rises 5%
FedEx Corp. reported its fiscal third-quarter net income rose 5% to $378 million, or $1.23 per share, from $361 million, or $1.13, a year ago, as difficult operating conditions held back stronger earnings improvement.
March 19, 2014