FedEx Corp. said Thursday it has signed agreements to acquire the businesses operated by its current service provider Supaswift Ltd. in five countries in southern Africa.
June 20, 2013Business
FedEx Reports Lower 4Q Profit
FedEx Corp. said Wednesday its fourth-quarter earnings fell 45% from a year ago, as the company reported charges for realigning its business and to retire cargo aircraft.
June 19, 2013Business
FedEx Freight Sets 4.5% Rate Increase
FedEx Corp. will boost rates at its FedEx Freight division by an average of 4.5% beginning in July, the company said Monday.
June 10, 2013Business
FedEx Accelerates Aircraft Replacement, Boosts Dividend
FedEx Corp. said it is accelerating retirement of 86 aircraft, and the company will boost its dividend next month by a penny a share.
June 4, 2013Business
FedEx Wins $10.5 Bln. Postal Deal to Provide Expedited Mail Service
FedEx Corp. last week won a $10.5 billion contract to continue providing domestic airmail transportation for the U.S. Postal Service, defeating a bid by UPS Inc. to grab at least a share of that business.
April 29, 2013Business
FedEx Profit for 3rd Quarter Tumbles 31% as Customers Pick Slower, Cheaper Service
FedEx Corp.’s fiscal third-quarter profit declined from a year earlier as international airfreight remained weak and customers increasingly selected slower, less expensive services, the company said last week.
March 25, 2013Business
FedEx Reports Lower 3Q Profit
FedEx Corp. said its third-quarter profit slipped from a year ago due in part to the company’s voluntary buyout program for U.S. officers, but operating profit at its less-than-truckload freight unit turned around a loss.
March 20, 2013Business
FedEx Ground Names Maier Its Next CEO
FedEx Corp. said Henry Maier will succeed David Rebholz as CEO of the company’s FedEx Ground unit, which provides small-package delivery services.
January 15, 2013Business
Earnings Slip 12% to $438 Mln. at FedEx, Despite Gains at Ground, Freight Units
FedEx Corp.’s Ground and Freight units increased fiscal second-quarter profit, cushioning the blow of lower profits at the Express business, the company reported last week.
December 24, 2012Business
FedEx Reports Lower 2Q Profit
FedEx Corp. said Wednesday its second-quarter profit slipped from a year ago due in part to Hurricane Sandy, but operating profit at its less-than-truckload freight unit almost doubled.
December 19, 2012