FedEx chooses insider to lead Freight spinoff
John A. Smith is considered one of FedEx’s best operators. One analyst said, “What do you do? Put in a jockey that’s never won the derby on a horse, or do you put in a jockey that won a dozen derbies?”
Topic: FedEx Corp.
RSSThere are 142 article(s) tagged FedEx Corp.:
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May 2025
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FedEx renews ties with Amazon after six-year split
It signs on to carry undisclosed volume of residential delivery, in multi-year contract.
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Love low-cost stuff from China? The gettin’ just got complicated
For people who shop at Shein and Temu, online merchants of low-cost fashion and electronics that are based in China, prices have gone up.
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March 2025
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FedEx cuts earnings outlook for year again, rattles market
By 8 p.m., FedEx shares had fallen $13.80 to $232.41 in after-hours trading on Thursday. Through the close of market, the stock price has fallen 5.3% for the year.
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November 2024
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FedEx aims to make life easier for small or medium shippers
The fdx.com commerce platform offers merchants more insight into their logistics, with an eye to helping brick-and-mortar businesses compete with Amazon.
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October 2024
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Pilot who forged career in sky joins state Aviation Hall of Fame
When he started flying at FedEx in 1983, Albert Glenn was one of eight Black pilots in the ranks. He’s spent the rest of his life raising money and starting training programs to help Black students interested in aviation.
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FedEx added $85B to global economy, billions more through suppliers
In 2023, FedEx spent $284 million with Shelby County suppliers. Statewide, it spent $637 million with suppliers.
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September 2024
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FedEx has a new way to help customers pick, pack, sort returns
FedEx processes hundreds of millions of returned items a year, a complicated dance, said the director of University of Memphis’ automated identification lab.
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EEOC sues FedEx for way disabled workers treated
The EEOC lawsuit says FedEx violated the Americans with Disability Act by not providing accommodations for workers loading and unloading freight.
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July 2024
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FedEx top attorney will retire this year
Allen joined FedEx in 1982 and served in a variety of leadership roles before taking on his current responsibilities in 2017.
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June 2024
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TOSHA issues no citations, fine, in death of 86-year-old at FedEx hub
Verna Mae Jackson was hit and pinned by a 2,500-pound dolly Nov. 29, 2023, and pronounced dead at Regional One. Co-workers told investigators she sometimes walked between dollies, which is against company policy.
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April 2024
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FedEx will lose about $2B in business when postal contract expires
Last fall, a FedEx official told supervisory-level pilots that he expected losing the postal contract would eliminate half the company’s daytime flying hours. That means FedEx could have 200 to 300 excess pilots by October.
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Buckley: The Tigers’ path to football success shining bright these days
“With newfound bucks from FedEx Corp., Tigers football coach Ryan Silverfield says, ‘The bar should be set as high as it can be.’ It beats flailing along with a shoestring NIL budget in a stadium needing modernization.”
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CIO who made bits, bytes as big as the box, retiring in June
Rob Carter’s contributions at FedEx are a large portfolio of innovation for a company that would be a fraction of itself without web interface, cloud-based computing and automated sorting.
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March 2024
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FedEx pilots irked Q3 report included stock repurchase and not layoffs
FedEx is not commenting on the size of the layoffs, but necessity did not make the week any easier, CEO and president Raj Subramaniam said in a memo to staff shortly before the earnings release Thursday.
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February 2024
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FedEx cancels naming rights to Washington Commanders field
In 1999, FedEx paid $205 million for the naming rights. The contract — $7.5 million a year — was to expire in 2026.
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CBU opens packaging lab, showcases power of thinking inside the box
By the end of the year, CBU is hoping to have a certified thermal testing lab. In 2023, there were only 11 in the world.
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FedEx names new head of investor relations
Jenifer Hollander comes from New York-based Teneo’s Strategy & Communications Advisory.
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December 2023
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In tough Q2 environment, FedEx Express buffeted by winds
FedEx missed Wall Street’s expectations on markers across the board, including earnings per share and operating margin. The street expected an EPS of $4.19 and a margin of 6.6%. FedEx delivered $3.99 and 6.4%.
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November 2023
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American Airlines offers FedEx pilots $250,000 signing bonus
A FedEx leader says offer may be worth it for pilots tired of reduced hours or schedule uncertainty.
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July 2023
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One member of FedEx board of directors resigns, another won’t run again
V. James Vena, who only served on FedEx’s board for one year, has resigned. Kimberly A. Jabal will not stand for reelection.
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April 2023
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FedEx closing pilot bases in Alaska, California and Germany
FedEx said it decided to relocate its pilots and close its Cologne, Germany, 757 crew base and its MD-11 crew bases in Anchorage, Alaska, and Los Angeles as the “global business environment continues to evolve.”
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FedEx at 50: Memphis man followed his father into FedEx cockpit
After being hired by FedEx as a pilot, Anthony Glenn flew with his father on a FedEx crew. One day, he might be able to do the same with his daughter.
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FedEx at 50: She runs cargo by night, her own dream by day
This fall, Keishuna Williams will receive her master’s degree in business administration, a fitting footnote for a woman who, as a high school senior, was accepted into 52 colleges. She had millions in financial aid offers but, without a full ride, had little chance of going to college.
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FedEx at 50: The courier without a route of his own
Jacob Tucker knows 15 local FedEx routes by memory and can do another 15 with some digital assistance. He might even know your name.
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