New service from FedEx designed to streamline high-volume returns
The new service from FedEx will expand on the Memphis-based company’s recent efforts to streamline return shipping.
Topic: E-Commerce
RSSThere are 44 article(s) tagged E-Commerce:
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December 2022
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December 2020
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ShopRunner brings e-commerce in-house at FedEx
FedEx said Monday, Dec. 28, it had closed on the acquisition of ShopRunner, a membership-based online shopping platform. A purchase price wasn’t disclosed.
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FedEx navigates COVID, peak volumes
Peak preparation expenses cost more and took longer to get set due to more restrictions and safety considerations surrounding COVID-19, FedEx Ground’s president and CEO said.
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E-commerce, international rebound fuel ‘strong’ FedEx growth
Memphis-based FedEx Corp. reported strong second quarter earnings on Thursday, Dec. 17, but withheld guidance for the full year.
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FedEx stock price breaks $300 ceiling
FedEx shares closed above $300 for the first time in the company’s history on Tuesday Dec. 8, after falling as low as $88.68 in mid-March.
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International Paper to spin off printing paper, double down on packaging
Memphis-based International Paper said Thursday, Dec. 3, it would spin off its printing papers segment and concentrate on growing corrugated packaging, an essential component of e-commerce.
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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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November 2020
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FedEx kicks into high gear as peak season arrives
FedEx was expected to handle about 26 million shipments on Cyber Monday, Nov. 30, and more than 24 million shipments a day on Dec. 1, Dec. 7 and Dec. 14.
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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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September 2020
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FedEx primed for growth through 2021
If current trends continue, FedEx expects to have the cash to restore annual incentive compensation bonuses last paid in 2018 as well as funding an hourly incentive plan.
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FedEx plans for twin peaks, plus vaccine distribution
Memphis-based FedEx Corp. reported strong first quarter results on Tuesday, Sept. 15, and says it is prepared for COVID-19 vaccine distribution and an expected record peak shipping season.
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August 2020
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Williams-Sonoma hiring 200 now, maybe 3,000 for peak
Williams-Sonoma is hiring 200 for Memphis area distribution facilities and says it could need to add as many as 3,000 seasonal workers for the 2020 peak.
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FedEx shares rebound amid e-commerce boom, airlift shortage
FedEx shares have shot up over $200 in recent trading after languishing below $150 a share earlier this summer. Supply and demand is driving the growth.
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July 2020
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Pandemic boosts Memphis-style industry: Distribution
Strong industrial real estate activity happened in the Memphis market during April, May and June, in part because of the pandemic, not despite it.
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FedEx fights to grow profits in pandemic
E-commerce and a shortage of air cargo capacity pushed FedEx fourth quarter earnings well past analysts' expectations. Analysts wonder if trends will continue – and produce a desired goal of double-digit profits.
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June 2020
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FedEx earnings should show COVID impact
COVID-19, trade wars and efforts to increase efficiency and lower costs in residential deliveries are expected to be front and center when FedEx reports fiscal 2020 and quarterly earnings.
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Memphis airport cargo up 7.9%, powered by FedEx
Both domestic and international air freight showed strong gains at Memphis International Airport in May, reflecting a surge in shipping activity related to COVID-19.
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Digital retailer goPuff brings convenience store to doorstep
Digital convenience store delivery service goPuff launched in the Memphis market this week from a location on Park near the University of Memphis.
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May 2020
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FedEx Ground in peak-season mode with e-commerce surge
The e-commerce surge generated by the COVID-19 pandemic has pushed package volumes to holiday peak season levels at FedEx Ground, the company's workhorse for e-commerce deliveries.
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April 2020
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E-commerce growth pace expected to quicken because of COVID-19
Experts expect the surge in e-commerce during the coronavirus pandemic to be a permanent fixture going forward.
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Report: Amazon suspends plan to compete directly with FedEx, UPS
Amazon will suspend Amazon Shipping in June to focus on delivering its own packages. It had been testing a delivery service competing directly with FedEx and UPS in certain markets.
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March 2020
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FedEx chief dishes on coronavirus in Fox News interview
FedEx chairman Frederick W. Smith discussed operating worldwide during a pandemic in a Fox News interview Wednesday.
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FedEx making strides on big picture despite short-term pain
FedEx shares rallied Wednesday, a day the after company reported recent positive trends in China and U.S. e-commerce amid a sea of uncertainty over coronavirus.
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January 2020
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Wanted: 1,000 workers to boss around Amazon robots
According to one expert, Amazon's hiring will put pressure on other area employers, especially in related fields, and those companies may need to get a little creative.
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FedEx building ‘a better mousetrap’ to corral e-commerce, boost profit
FedEx executives Frederick W. Smith and Alan B. Graf outlined three reasons for long-term optimism, the impact of Postal Service struggles and CEO succession plans during a recent podcast.
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