Aurora Innovation Inc., Paccar Inc. and FedEx Corp. launched a commercial pilot of autonomous trucking in Texas.
September 22, 2021FedEx News Updates
FedEx Revenue Rises, but Higher Labor Costs Affect Bottom Line
FedEx Corp. reported an increase in revenue for its fiscal first quarter, but said rising costs affected bottom-line results for the period.
September 21, 2021FedEx Sets Rate Increase, Cites Challenging Operating Environment
FedEx Corp. plans to raise its delivery rates in 2022 by the most in at least a decade as the courier shoulders rising costs in what it called a “challenging operating environment.â€
September 21, 2021FedEx to Spend $100 Million on Improving Delivery Vehicle Safety
FedEx Corp. plans to spend more than $100 million to improve delivery van safety and reduce costs from accidents, potentially dragging on short-term earnings as the courier faces pressure from rising wages and other expenses.
September 20, 2021Electrification Key to FedEx’s Energy Goals, Executive Says
With industries considering adopting zero-emission sustainability operations in the coming years, a senior executive at FedEx Express recently outlined the company’s objectives related to electrifying vehicles.
September 16, 2021FedEx to Test Nuro Autonomous Delivery Vehicles
STATEN ISLAND, N.Y. — FedEx Corp. announced June 15 that it has partnered with Nuro, one of the nation’s leading autonomous vehicle companies, to test the use of driverless vehicles for multistop and appointment-based deliveries in Houston.
June 18, 2021Patrick Moebel Appointed President of FedEx Trade Networks
FedEx Logistics Inc. has appointed Patrick Moebel to be president of FedEx Trade Networks Transport & Brokerage, Inc., the company announced May 10.
May 10, 2021FedEx Rides E-Commerce to $21.5 Billion Third Quarter
The continued yearlong surge in e-commerce brought on by the COVID-19 pandemic sent FedEx’s year-over-year fiscal third-quarter net revenue up 23% to $21.5 billion, compared with $17.4 billion in the same period in 2020.
March 18, 2021FedEx Sets Plan for Carbon-Neutral Operations by 2040
FedEx Corp. announced plans to achieve carbon–neutral operations globally by 2040, with vehicle electrification a key tenet of the strategy.
March 3, 2021Trending
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