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“It is with profound sadness and a heavy heart that I share that Frederick W. Smith, our founder and executive chairman, died earlier today,” CEO Raj Subramaniam wrote June 21.

FedEx is the latest U.S. company to sound the alarm over weakening consumer confidence and potential fallout from President Donald Trump’s escalating trade war.

FedEx Corp. will combine nearly all of its ground, air and other operations by June 2024 as part of a $4 billion cost-cutting initiative, the company announced April 5.

FedEx Corp.’s shares jumped the most in nine months after the courier boosted its profit outlook, signaling efforts to cut costs are helping counter a decline in package volume.

FedEx Corp. is rolling out a new system for evaluating its delivery contractors that rank them like Olympic medal winners.

Xos Inc., a manufacturer of Classes 5-8 electric commercial vehicles, announced an agreement to deliver 120 zero-emission, medium-duty electric trucks to 35 different FedEx Ground operators in five states.

A Utah man has pleaded guilty to paying $490,000 in bribes from 2012-2019 in order to steer $24 million in business to trucking operations he founded.

FedEx said its fourth-quarter net income was a loss of $334 million, or negative $1.28 a share, compared with a loss of $1.97 billion, or negative $7.56 a share, in the 2019 period.

FedEx Ground will be shutting down its package delivery facility in Clinton, Pa., on May 16, eliminating 186 jobs.

FedEx Ground has launched year-round Sunday deliveries for its residential FedEx ������ý Delivery service for the majority of the U.S. population, according to parent company FedEx Corp.