FedEx News Updates

Business

FedEx 2Q Earnings Drop 18%, Reflecting LTL Integration Costs

FedEx Corp.鈥檚 earnings fell 18% in the company鈥檚 fiscal second quarter to $283 million, reflecting one-time charges that included integration costs at the FedEx Freight less-than-truckload unit.

December 20, 2010
Business

FedEx鈥檚 2Q Income Declines on LTL Restructuring Costs

FedEx Corp. said Thursday its second-quarter earnings slipped to $283 million, or 89 cents per share, from $345 million, or $1.10, a year ago, on charges related to the impending restructuring of its less-than-truckload operations.

December 16, 2010
Business

FedEx Freight Cuts Transit Times on Canada Routes

FedEx Corp. said Tuesday its FedEx Freight Canada unit has improved transit times on hundreds of cross-border routes between the United States and Canada.

December 7, 2010
Business

FedEx to Raise Ground Rates 4.9%

FedEx Corp. said it would raise shipping rates for its Ground and 爱豆传媒 Delivery units by a net average of 4.9%, effective Jan. 3.

December 3, 2010
Business

FedEx Calls for Tax Credits for Electric Vehicles

FedEx Corp. has joined utilities, vehicle manufacturers and other companies in pushing for a tax credit for fleets that buy electric vehicles, Bloomberg reported.

November 15, 2010
Business

FedEx Expects 11% Gain in Holiday Package Volume

FedEx Corp. said it expects to handle 223.3 million items between Thanksgiving and Christmas this year, an 11% increase over the same period last year.

November 12, 2010
Business

FedEx Freight Will Return to Profitability Through LTL Restructuring, Logue Says

The impending combination of FedEx Corp.鈥檚 two less-than-truckload networks is a 鈥済ame-changing growth strategy鈥 that will return FedEx Freight to profitability while maintaining volume in a slimmed-down LTL operation, the company鈥檚 top executive said last week.

October 4, 2010
Business

FedEx to Boost LTL Rates 6.9%

FedEx Corp.鈥檚 less-than-truckload units will impose a 6.9% general rate increase effective Nov. 1, the company said Wednesday.

September 29, 2010
Business

FedEx Expands Overnight Services

FedEx Express said Wednesday it is expanding its domestic service offerings, including FedEx First Overnight, and is adding a Saturday overnight service.

September 22, 2010
Business

FedEx to Overhaul Freight Unit by Combining LTL Operations

FedEx Corp. last week said it doubled its quarterly profits, largely because of strong international business, and announced a major overhaul of its money-losing domestic less-than-truckload operations.

September 20, 2010