FedEx News Updates

BusinessFor-Hire

FedEx Reduces US Sunday Deliveries in Some Rural Areas

FedEx Corp. plans to scale back Sunday delivery service in far-flung areas of the U.S., the latest evidence that the e-commerce surge spurred by COVID-19 is ending.

July 22, 2022
BusinessLogisticsFor-Hire

FedEx Predicts Profit Growth Under Three-Year Plan

FedEx Corp. expects to grow earnings per share as much as 19% annually over the next three years by targeting “high-value” customers and squeezing more efficiency out of its networks.

June 29, 2022
BusinessFor-Hire

FedEx Reports Quarterly, Annual Revenue Growth

FedEx Corp. reported strong fourth-quarter and full-year earnings on June 23 that were close to meeting Wall Street expectations.

June 23, 2022
BusinessTechnologyLogistics

FedEx, FourKites Announce Partnership to Improve Supply Chain

FedEx Corp. and supply chain solutions provider FourKites on June 22 announced an alliance to offer customers new, real-time data and information.

June 22, 2022
BusinessTechnologyEquipmentFuelLogisticsFor-Hire

FedEx Takes Delivery of 150 BrightDrop EVs

FedEx Corp. announced June 21 it received its first 150 electric delivery vehicles from BrightDrop, the technology startup from General Motors that is decarbonizing last-mile delivery.

June 21, 2022
BusinessFor-Hire

FedEx Boosts Dividend, Shakes Up Board

FedEx Corp. boosted its dividend and announced board changes in coordination with activist investor D.E. Shaw & Co., shaking up the courier just two weeks into the tenure of new CEO Raj Subramaniam.

June 14, 2022
BusinessTechnologyLogisticsFor-Hire

FedEx-Backed Freightos to Go Public

Freightos Ltd., a digital platform for global freight-booking services, is set to go public through its tie-up with blank-check company Gesher I Acquisition Corp.

May 31, 2022
BusinessTCA

FedEx Driver Helped Tariq Woolen Reach His NFL Dreams

FedEx driver Thailand Pierce gets some of the credit for getting Texas-San Antonio cornerback Tariq Woolen to the NFL as the Seattle Seahawks' fifth-round draft pick.

May 6, 2022
BusinessLogisticsTop 100

FedEx Logistics Opens Global Headquarters in Memphis

FedEx Logistics Inc. opened its new global headquarters in Memphis, Tenn., on April 5.

April 6, 2022
BusinessTechnologySafetyLogisticsAutonomousTop 100

FedEx Partners With Elroy Air to Test Pilotless Package Drone

FedEx Corp. is partnering with Elroy Air, a startup that makes a large cargo drone, to test moving packages by air with no pilot on board.

March 30, 2022