FedEx out, UPS in for ‘significant air cargo contract’
FedEx’s pilots union said the change will diminish FedEx’s competitive advantage, but the logistics giant said it will improve profitability as soon as the 2025 fiscal year.
Topic: UPS
RSSThere are 45 article(s) tagged UPS:
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April 2024
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July 2023
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FedEx urges customer action as UPS strike appears likely
The move from FedEx follows a breakdown in negotiations between UPS and the Teamsters union; more than 300,000 UPS workers could go on strike at the end of July.
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November 2022
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Is UPS managing costs better than FedEx?
After Memphis-based FedEx shocked investors and said global trends had weakened profit and revenue, the company’s primary competitor still managed to beat financial analysts’ expectations. But how?
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October 2022
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Will FedEx’s record rate hikes be able to compete with UPS?
FedEx will raise its shipping rates across most of its segments by as much as 6.9%, the company’s single-largest rate hike in its near 50-year history.
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July 2022
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FedEx enjoying sky-high profits, but imposing challenges loom
In its annual report for the fiscal year ended May 31, FedEx disclosed numerous risks to its business, including Russia’s invasion of Ukraine and increased competition.
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December 2020
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First FedEx deliveries of Moderna vaccine coming Monday
The first truckload of Moderna’s COVID-19 vaccine destined for U.S. administration sites rolled into the FedEx Express world hub in Memphis about 9:45 a.m. Sunday, Dec. 20.
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COVID-19 vaccine moves through FedEx Memphis hub
The first COVID-19 vaccines for U.S. use arrived at FedEx’s Memphis hub about 11:30 a.m. Sunday. By 4 p.m., vaccine shipments had started moving to final destinations. Related article: FedEx flying high into latest earnings report
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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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Memphis airport rolls out COVID-19 testing program
Memphis International Airport employees are being tested for COVID-19 each day they work at the airport, as part of an assurance testing program that the airport hopes to expand.
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FedEx delivers COVID-19 vaccine to more than 100 locations
FedEx reported at mid-day Monday, Dec. 14, it had delivered COVID-19 vaccines to more than 100 destinations without incident and ahead of schedule.
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FedEx flying high into latest earnings report
FedEx and UPS could gain $100 million to $300 million in new revenue from COVID-19 vaccine distribution in the U.S., a Bank of America research report says. Related article: COVID-19 vaccine moves through Memphis hub
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FedEx expects vaccine shipments to start Sunday
“This is among the most important work in the history of our company, and we’re honored to be a part of the effort to help end this pandemic,” FedEx president and chief operating officer Raj Subramaniam said in a release.
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Pilots union wants expedited vaccine for flight crews
FedEx’s Air Line Pilots Association unit said on Tuesday, Dec. 8, that 292 pilots had tested positive for COVID-19. The number has doubled since late October.
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FedEx: Putting the speed in Operation Warp Speed
Vice President Mike Pence, CDC director and Health and Human Services Secretary paid a courtesy call on FedEx Dec. 3 to talk COVID-19 vaccine distribution and FedEx’s role in it.
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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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FedEx ‘incredibly confident’ in vaccine delivery plan
FedEx is in daily contact with stakeholders in the COVID-19 vaccine supply chain, from manufacturers and distributors to government agencies to some sites where vaccines will be administered.
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FedEx ramps up for COVID-19 vaccine distribution
FedEx is hiring, buying freezers and working with pharmaceutical companies to plan a massive distribution effort for the coronavirus vaccine, in which Memphis is expected to play a crucial role.
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October 2020
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FedEx announces hub worker shuttle schedule
The shuttles will serve both current employees and job applicants for some of the hub’s 2,000 openings.
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August 2020
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FedEx’s Alan Graf: Lessons learned from COVID-19
Alan Graf talks COVID-19, e-commerce's rise, postal reform, Amazon and presidential politics as he winds down 41-year career at Memphis-based delivery giant.
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FedEx’s holiday plans include new fees
FedEx will charge more for residential deliveries from November into January as it handles holiday shipping volume amid the continuing COVID-19 pandemic.
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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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June 2020
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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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FedEx unveils COVID-19 peak surcharge
FedEx is adding a 30 cents-a-package surcharge for some residential deliveries as a result of a volume spike associated with the COVID-19 pandemic.
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April 2020
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FedEx details participation in FEMA-led airlift of COVID-19 relief
FedEx, UPS and other cargo carriers are on board with FEMA-led airlift of relief supplies into the U.S. to fight the COVID-19 pandemic.
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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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