°®¶¹´«Ã½

FedEx Corp. plans to scale back even more on Sunday package deliveries as the courier grapples with faltering e-commerce demand.

FedEx Corp. on Dec. 20 reported fiscal-year, second-quarter income that beat Wall Street expectations and revenue that fell below expectations.

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.

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.

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.

FedEx Corp.’s freight unit is putting workers on furlough in some U.S. markets, adding to mounting evidence of a cargo slowdown as the company joins other large employers trimming their ranks.

FedEx Corp. said as the global economy slows, it is aggressively looking to reduce costs, and that it will raise rates across divisions in January.

FedEx Corp. expects to save as much as $2.7 billion this fiscal year through wide-ranging cost-cutting measures in response to weakening business conditions.

FedEx Corp. lost $11 billion in market value, wiping out two years of stock gains, after withdrawing its earnings forecast on worsening business conditions.

Trucking has started making thousands of hires for the holiday season despite facing a variety of economic headwinds.