FedEx Corp.’s shares jumped the most in nine months after the courier boosted its profit outlook, signaling efforts to cut costs are helping counter a decline in package volume.
March 17, 2023FedEx News Updates
FedEx Boosts Profit Forecast, Cites Cost Cuts as Effective
FedEx Pilots Plan Strike Authorization Vote as Labor Talks Stall
FedEx Corp. pilots are inching closer to a potential strike as negotiations stall on a new labor agreement.
February 23, 2023FedEx to Cut Management Jobs by More Than 10%
FedEx Corp. is cutting global officer and director jobs by more than 10%, the courier’s latest cost-saving measure as economic concerns and waning e-commerce weigh on demand for package delivery.
February 1, 2023FedEx Implementing Ranking System for Delivery Contractors
FedEx Corp. is rolling out a new system for evaluating its delivery contractors that rank them like Olympic medal winners.
January 31, 2023Q&A: FedEx Founder, Veteran Fred Smith Offers Unusual Gift
Fred Smith, the founder of FedEx, believes that if you’ve done well, you should give back to the public interest.
January 11, 2023FedEx to Shrink Sunday Delivery Service to 50% of US
FedEx Corp. plans to scale back even more on Sunday package deliveries as the courier grapples with faltering e-commerce demand.
January 10, 2023FedEx Profit Tops Estimates as Higher Prices Offset Decline in Shipments
FedEx Corp. on Dec. 20 reported fiscal-year, second-quarter income that beat Wall Street expectations and revenue that fell below expectations.
December 21, 2022Memphis Airport’s New De-icing Pads Boost Cargo Transport
Federal officials unveiled a 3.3 million-square-foot aircraft de-icing pad at Memphis International Airport, where FedEx Corp. has its largest sorting facility.
December 1, 2022Carriers Feeling Cheery About On-Time Holiday Deliveries
The nation’s major shipping companies are in the best shape to get holiday shoppers’ packages delivered on time since the start of the pandemic, suggesting a return to normalcy.
November 21, 2022FedEx Delivery Contractors’ Threat of Black Friday Walkout Fizzles
FedEx Corp. defused a threat by its delivery contractors to walk off the job on Black Friday in protest of dwindling profits as a trade group representing disgruntled logistics company owners disbanded.
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