There are 35 article(s) tagged FedEx Ground:

• July 2023

  • FedEx lays off small team, closes Indianapolis facility

    “Decisions of this nature are never made lightly and are the result of much thought and consideration for the needs of our business,” FedEx said in a confirmation email to The Daily Memphian.

    By Rob Moore July 19, 2023

• June 2023

  • FedEx to consolidate its Canadian Ground and Express operations

    The Memphis-based said the transition will take place in phases beginning in April 2024, affecting around 200 contractors. 

    By Rob Moore June 20, 2023

• March 2023

  • Billions of dollars in cuts seemingly help FedEx get back on track

    FedEx stock was up more than 10% following an earnings release last week, with numbers high enough that the company increased its forecast for the full fiscal year.

    By Rob Moore March 20, 2023

• February 2023

  • How FedEx is cutting costs by more than $3 billion

    FedEx confirmed during the company’s December 2022 earnings release that it will try to cut costs by more than $3 billion throughout the fiscal year. 

    By Rob Moore February 06, 2023

• January 2023

  • FedEx Ground to make sweeping cuts to Sunday deliveries

    Before cuts beginning last August, FedEx made Sunday deliveries to more than 80% of the U.S. population; the changes bring that number down to more than 50%. 

    By Rob Moore January 11, 2023

• November 2022

  • Despite market softness, FedEx prepares for holiday peak season

    The deadline to ensure packages arrive in time for Christmas using FedEx Ground is Dec. 14. The last day to ship for FedEx Express Saver is Dec. 20. 

    By Rob Moore November 22, 2022

  • FedEx Ground unofficial bargaining group officers resign

    The group formed just months ago to lobby the logistics giant for changes has disbanded and denounced calls for a work stoppage on the day after Thanksgiving.

    By Rob Moore November 18, 2022

• October 2022

  • FedEx Ground says it will lower holiday volume forecasts

    The news follows a particularly poor earnings quarter from the Memphis-based company, which announced several cost-cutting measures in September.

    Related story:

    FedEx volunteers bundle 20,000 care packages for members of armed forces

    By Rob Moore October 07, 2022

• September 2022

  • FedEx announces $2 billion in cost-cutting measures, rate increases

    In 2023, FedEx hopes to generate total cost savings of $2.2 to 2.7 billion, and the Memphis-based company plans increase some of its rates. 

    By Rob Moore September 23, 2022

  • FedEx closing offices, deferring hiring, reducing flights after weak quarter

    Citing adverse “macroeconomic trends,” FedEx CEO Raj Subramaniam announced a variety of cost-cutting initiatives, including reduction in flight frequencies and the closure of over 90 FedEx Office locations.

    By Rob Moore September 15, 2022

  • Ex-contractor Spencer Patton calls for no-confidence vote in FedEx Ground CEO

    Patton is calling for members of his contractor organization to vote on a call for no-confidence in FedEx Ground CEO John Smith. FedEx does not recognize the association. 

    By Rob Moore September 06, 2022

  • Package deal: How FedEx Ground delivers the goods amid challenges

    FedEx Ground has relied on a contractor model since its inception. But what was once a low-cost solution now may be imperiled by the challenges of so-called last-mile delivery. 

    By Rob Moore September 04, 2022

• August 2022

  • FedEx terminates agreement with large contractor after filing lawsuit against it

    FedEx claims the contractor, which operated 225 routes in 10 states and had called for fees to be increased along with other changes, launched a “coordinated and multi-faceted campaign” that was “unfairly and wrongfully disparaging” FedEx Ground.

    By Rob Moore August 26, 2022

  • FedEx Ground sues one of its largest contractors

    FedEx is seeking injunctive relief and monetary damages following what it called a “coordinated and multi-faceted campaign.”

    By Rob Moore August 26, 2022

  • FedEx Ground says it will not negotiate collectively with contractors

    “FedEx Ground will not discuss, negotiate, or renegotiate service provider agreements or financial terms with a committee or any individual purporting to represent a collective body of service provider businesses,” FedEx Ground CEO John Smith said in a letter to contractors. 

    By Rob Moore August 08, 2022

• July 2022

  • Contractor for FedEx Ground says network in ‘far more peril than anyone realizes’

    FedEx Corp. counters that the more than 6,000 service provider businesses in its Ground network earned an average revenue of $2.3 million in 2021. 

    By Rob Moore July 23, 2022

• June 2022

  • FedEx maps out strategy to increase earnings, operating income

    New CEO Raj Subramaniam faces soaring inflation, increasing competition from Amazon and an activist investor demanding shakeups to the board, but plans to grow earnings per share by as much as 19% over the next three years, as well as increase operating income by as much as $4.5 billion. 

    By Rob Moore June 29, 2022

  • FedEx predicts sizable profit growth over next three years

    The logistics giant announced Wednesday, June 29, its new “Deliver Today, Innovate for Tomorrow” strategy as investors and analysts gathered in Memphis for the company’s 2022 investor meeting. 

    By Rob Moore June 29, 2022

  • Record FedEx stock jump had help from New York investor

    D. E. Shaw & Co. is known for its activist investing, including its role in Exxon Mobil Corp.’s decision to add to its board and make $6 billion worth of cost savings changes. 

    By Rob Moore June 23, 2022

• December 2020

  • 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. 

    By Wayne Risher December 21, 2020

  • Shipathon coming down to the wire for FedEx

    FedEx’s Cordova station is seeing more gift items shipped by small, local businesses this peak season, suggesting many have successfully pivoted to the online marketplace amid COVID-19.

    By Wayne Risher December 17, 2020

• October 2020

  • Roxo the robot cribbing for FedEx’s high-tech future

    The third-generation of Roxo the SameDay Bot is “learning a lot” as FedEx prepares to deploy the local delivery robot in future years.

    By Wayne Risher October 29, 2020

  • 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.

    By Wayne Risher October 21, 2020

• September 2020

  • FedEx hiring 70,000 to pull off biggest peak yet

    FedEx plans to add about 70,000 to its 500,000-employee workforce, with the biggest hiring push coming in October, to cope with what’s certain to be a record peak season.

    By Wayne Risher September 04, 2020

• August 2020

  • FedEx’s Alan Graf and the art of the deal

    Even in failure (ZapMail), FedEx shows it's not afraid of innovating and staying aggressive to serve customers and the company, Alan Graf says. 

    By Wayne Risher August 27, 2020