FedEx earnings miss, revenues beat consensus estimate
The package delivery company posted revenue of $22.57 billion in the period, exceeding Wall Street forecasts.
Topic: FedEx Corp.
RSSThere are 58 article(s) tagged FedEx Corp.:
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June 2021
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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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FedEx, Microsoft tag team to ‘revolutionize commerce’
FedEx and Microsoft have formed a strategic alliance that company leaders believe will "revolutionize" commerce by giving businesses more visibility into and control of inventories and supply chains.
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FedEx details hits, miss on environmental, civic goals
FedEx's emissions intensity, or volume of greenhouse gas emissions in relation to company revenues, is down 40% since 2009, but an aircraft emissions goal is proving elusive.
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April 2020
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Another FedEx unit temporarily trims workforce due to COVID-19
FedEx Office, the Dallas-based printing and office services retail outlet of FedEx Corp., is furloughing some employees because of business slowdown during COVID-19 pandemic.
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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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FedEx pilot union chief says flight crews standing tall in crisis
FedEx Express pilots are operating in some of the most challenging conditions ever as the company navigates the coronavirus pandemic. At least 15 have tested positive for COVID-19.
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FedEx Freight HQ relocating to Southwind area
FedEx Freight, the less-than-truckload unit of Memphis-based FedEx Corp., is moving its headquarters to Southwind, near the FedEx Express world headquarters.
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March 2020
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Coronavirus daily blog, March 10: U of M athletics releases statement
CBU faculty member, student under self-quarantine; Le Bonheur updates visitor policy; stocks rebound.
Editor's note: Due to the serious public health implications associated with COVID-19, The Daily Memphian is making our coronavirus coverage accessible to all readers.
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