FedEx News Updates

Business, For-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
Business, Technology, Logistics, For-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
Business, TCA

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
Business, Logistics, Top 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
Business, Technology, Safety, Logistics, Autonomous, Top 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
Business, Logistics, Breaking News, Top 100

Fred Smith Steps Down as FedEx CEO, Remains Executive Chairman

FedEx Corp. founder Fred Smith is stepping down as CEO of the company and transferring the leadership post to Raj Subramaniam, who currently serves as president and COO, the company announced March 28. Smith will remain as executive chairman.

March 28, 2022
Business, Logistics, Top 100

FedEx Reports Record Q3 Revenue on Holiday Surge

Fueled by a strong holiday shopping season by both its business and consumer customers, FedEx Corp. reported higher fiscal third-quarter earnings.

March 18, 2022
Business, Logistics, Top 100

FedEx Suspends All Service in Russia, Belarus

FedEx Corp. has suspended all services in Russia and Belarus as fighting intensifies following the invasion of Ukraine.

March 4, 2022
Business, Logistics, Top 100

FedEx Surges After Higher Rates Boost Profit, Ease Labor Worries

FedEx Corp. rode increased prices to post profit above analysts’ estimates, bolstering the company’s outlook and easing investor concerns over higher labor U.S. costs. The shares rose in late trading.

December 16, 2021
Business, Logistics, Top 100, TCA

FedEx Invests $72 Million in Miami Airport Cargo Hub

FedEx Corp. began operations Dec. 15 at its substantially bigger air cargo hub at Miami International Airport. The $72 million addition, two years under development and roughly the size of two football fields, doubles the hub’s size to 282,000 square feet.

December 16, 2021