FedEx News Updates

Business

FedEx Freight Sets 6.75% Rate Increase

FedEx Freight, the less-than-truckload unit of FedEx Corp., said Monday it will implement a 6.75% general rate increase, effective Sept. 6.

August 8, 2011
Business

FedEx Adding 4,000 New, Fuel-Efficient Vehicles

FedEx Express said it will add more than 4,000 fuel-efficient vehicles to its fleet around the country, including some all-electric vehicles.

June 29, 2011
Business

FedEx 4Q Earnings Rise 33% on Resurgence of LTL Unit

FedEx Corp.鈥檚 earnings jumped 33% in its fiscal fourth quarter, led by a return to profitability at its less-than-truckload FedEx Freight unit after six consecutive quarters of losses.

June 27, 2011
Business

FedEx鈥檚 Fourth-Quarter Profit Rises 33%

FedEx Corp. said Wednesday its fiscal fourth-quarter profit rose 33% from a year ago on a stronger economy, higher demand and increased volumes.

June 22, 2011
Business

FedEx Boosting Dividend

FedEx Corp. said it will raise its dividend by a penny to 13 cents a share on July 1, for shareholders of record as of June 17.

June 9, 2011
Business

FedEx Profits Down 3% in Third Quarter on Winter Weather, High Fuel Costs

Global economic improvement allowed FedEx Corp. to pull in 11% more quarterly revenue, but the carrier saw its net income drop by 3%, as it had to battle severe winter weather, soaring fuel costs and $43 million of integration costs at its less-than-truckload unit.

March 21, 2011
Business

FedEx鈥檚 3Q Profit Dips 3% to $231 Million

FedEx Corp. said Thursday its fiscal third-quarter net income slipped 3% to $231 million, or 73 cents a share, from $239 million, or 76 cents, a year earlier.

March 17, 2011
Business

FedEx Lowers 3Q Forecast Due to Weather, Fuel Costs

Severe winter weather, along with rising fuel prices, are taking a toll on some freight companies, prompting FedEx Corp. to reduce its earnings forecast for its current quarter by 25 cents a share.

February 21, 2011
Business

FedEx Trims Earnings Outlook on Higher Fuel, Weather-Related Costs

FedEx Corp. cut its quarterly earnings forecast by 25 cents a share, due to rising fuel prices and winter storms that slowed its operations.

February 15, 2011
Business

FedEx Freight to Use Rail Intermodal for First Time, Shifting From Trucks

FedEx Freight, the second-largest less-than-truckload carrier in the nation, said it plans to use rail intermodal service for the first time as part of new 鈥渆conomy鈥 freight service, beginning Jan. 31.

January 31, 2011