FedEx News Updates

Business

FedEx Profit for 3rd Quarter Tumbles 31% as Customers Pick Slower, Cheaper Service

FedEx Corp.鈥檚 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, 2013
Business

FedEx Reports Lower 3Q Profit

FedEx Corp. said聽its third-quarter profit slipped from a year ago due in part to the company鈥檚 voluntary buyout program for U.S. officers, but operating profit at its less-than-truckload freight unit turned around a loss.

March 20, 2013
Business

FedEx Ground Names Maier Its Next CEO

FedEx Corp. said Henry Maier will succeed David Rebholz as CEO of the company鈥檚 FedEx Ground unit, which provides small-package delivery services.

January 15, 2013
Business

Earnings Slip 12% to $438 Mln. at FedEx, Despite Gains at Ground, Freight Units

FedEx Corp.鈥檚 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, 2012
Business

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
Business

FedEx Ground Sets 4.9% Rate Increase

FedEx Corp. said it will boost rates at its FedEx Ground and home delivery services by an average 4.9%, beginning in January.

November 30, 2012
Business

FedEx Sees Record 鈥楪reen Monday鈥 in December, Driven by Online Sales

FedEx Corp. said it is expecting record volume, fueled by online sales, on 鈥淕reen Monday鈥 in early December,聽the busiest online shopping day of the year.

October 22, 2012
Business

FedEx Reducing Costs to Increase Its Profits

FedEx Corp. last week aimed to improve profits by $1.7 billion over the next three fiscal years, almost all from cutting costs and streamlining operations at the Express unit.

October 15, 2012
Business

FedEx Sets Three-Year $1.7 Billion Profit Growth Plan

FedEx Corp. set a goal to boost profit by $1.7 billion within three years, by cutting costs, as customers shift away from overnight shipments to slower and cheaper deliveries, Bloomberg reported.

October 9, 2012
Business

FedEx Reports Lower Earnings; Reduces Future Profit Forecasts

FedEx Corp. last week reported a lower fiscal first-quarter profit and reduced earnings forecasts, but said its less-than-truckload unit provided a bright spot by more than doubling its results.

September 24, 2012