FedEx adds new members to board, increases dividend by more than 50%
FedEx Corp. stock was up nearly 9% Tuesday after the company made the announcement.
Topic: FedEx Corp.
RSSThere are 139 article(s) tagged FedEx Corp.:
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June 2022
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Sluggish global conditions could impact FedEx earnings
A Morgan Stanley report suggests FedEx could be suffering from conditions that “have turned more sluggish globally, no doubt compounded by additional complications from the conflict in Ukraine and COVID-related shutdowns in China.”
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May 2022
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FedEx embraces autonomous trucking
FedEx announced in September 2021 it would enter a pilot program with California-based Aurora Innovation Inc. to test autonomous driving technology.
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FedEx is modernizing its aircraft fleet, making new partnerships
While FedEx has been working on modernization efforts for a couple of years, the COVID pandemic and related shipping demands prolonged the timeline.
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February 2022
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FedEx suspends operations in Ukraine
Russian invasion prompts FedEx to indefinitely suspend its services in Ukraine.
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Fatal accident Friday at FedEx hub
A woman working in the hub at FedEx was killed early Friday morning, according to the Memphis Police Department.
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September 2021
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Supply chain issues among factors that hurt FedEx earnings in Q1
The Memphis-based shipping giant cited headwinds that include backups in supply chains that are affecting every industry, as well as hiring costs for workers.
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June 2021
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FedEx earnings miss, revenues beat consensus estimate
The package delivery company posted revenue of $22.57 billion in the period, exceeding Wall Street forecasts.
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May 2021
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Airport lowers rental charges, landing fees
Travel is picking up at Memphis International Airport, but landing fees charged to airlines and rental rates charged to airport concession businesses are going down.
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U of M expects boost in online enrollment through global partner
The InStride network includes the U of M and four U.S. Carnegie Level 1 Research universities, plus campuses on three other continents.
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April 2021
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At packaging lab, FedEx checks the boxes (literally)
At a glance, boxes don’t seem that complicated. But when your business involves shipping lots of them around the world, it makes sense to understand the science behind what makes a good box. That’s why FedEx Corp. has its own packaging lab.
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February 2021
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FedEx launching initiative at LeMoyne-Owen, other area HBCUs
Each college will receive $1 million, with a portion going towards students, faculty and staff impacted by COVID-19.
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December 2020
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Moderna vaccine moving Sunday via FedEx
FedEx said Saturday, Dec. 19, it’s ready to start moving the Moderna vaccine for COVID-19.
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FedEx to buy online shopping platform
The addition continues FedEx’s strategy of serving businesses that compete with e-commerce giant Amazon.
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October 2020
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Sunday delivery, more efficient networks key FedEx peak plan
Henry Maier, president and chief executive officer of Pittsburgh-based FedEx Ground, talks about the COVID-19 package surge and preparations for upcoming holiday peak season during interview with The Daily Memphian.
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FedEx’s air freight boom fuels Memphis airport cargo growth
Memphis International Airport posted a 17.4% increase in cargo volume in September, the third double-digit monthly increase since COVID-19 hit in March.
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September 2020
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FedEx announces 2021 shipping rates
With strong demand for shipping services expected to continue for the foreseeable future, FedEx has rolled out its annual round of price increases for 2021.
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August 2020
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Baptist will burn through 400K gowns in less than month
Baptist needs 15,000 gowns a day; to get them, it chartered a plane through FedEx, straight from China.
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CEO says FedEx will stay on cutting edge
FedEx chief Frederick W. Smith said the company's response to COVID-19 included one of the largest efforts to move goods by air since the Berlin Airlift of 1948-1949.
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FedEx leaders come up short on bonus targets
FedEx's top leaders didn't get bonuses for the first time in 11 years as company earnings and income lagged behind targets in fiscal 2020.
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FedEx delays $300 million in Memphis hub spending
COVID-19 and a desire to improve cash flow have prompted FedEx to slow the pace of a $1.55 billion Memphis hub transformation.
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July 2020
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FedEx names Jenny Robertson SVP of communications
FedEx has tapped Jenny Robertson as its new senior vice president of integrated marketing and communications.
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FedEx flexing robotic arms in Memphis
FedEx and Plus One collaborated with Yaskawa America on new package-handling robotic arms that made their debut earlier this year at FedEx Express world hub in Memphis.
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June 2020
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FedEx Logistics funnels Medline PPE to Latin America
FedEx Logistics, Medline have distributed 900,000 face masks to hospitals in Central America and Caribbean, and more are on the way.
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May 2020
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FedEx freezes share buybacks, dividends under credit easing
FedEx said share repurchases and dividends will be frozen until May 31, 2021, under a credit agreement intended to provide more liquidity and financial flexibility during the COVID-19 pandemic.
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