Opinion: Cost of shipping may be approaching a tipping point
Until importers can no longer pay the astronomical rates of our industry, rates will unfortunately continue to rise.
Topic: shipping industry
RSSThere are 38 article(s) tagged shipping industry:
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July 2021
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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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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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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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September 2020
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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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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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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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July 2020
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FedEx offers COVID-19 tests to its Memphis employees, vendors
FedEx has launched voluntary COVID-19 testing for Memphis area employees and on-site vendors. Testing sites are at FedEx Express world headquarters and near the hub at Memphis International Airport.
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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 expects e-commerce boom here to stay
Memphis-based FedEx said it does not expect surging e-commerce business to weaken post-COVID-19. Earnings reported Tuesday beat Wall Street estimates.
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FedEx skips exec bonuses, downgrades office unit
A non-cash asset impairment charge related to FedEx Office's difficulties during the COVID-19 pandemic has depleted the remaining goodwill value of $2.2 billion, 2004 acquisition.
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May 2020
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FedEx offers #SupportSmall business grants
FedEx's new #SupportSmall business grant program is accepting applications through June 12. Winners will receive $5,000 grants and $500 in print and business services.
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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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Passengers expected to return slowly to Memphis airport
Memphis International Airport will use a coronavirus stimulus grant to offset passenger losses, while depending on FedEx and other cargo carriers to shoulder the bulk of airfield operating costs.
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FedEx sees no impact from announced protest by workers
FedEx said an announced national job action against several companies in the e-commerce and shipping businesses had "no impact" on operations Friday.
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March 2020
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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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FedEx details China comeback in otherwise cloudy earnings outlook
FedEx reported earnings for the December-February quarter on Tuesday, March 17, amid widespread uncertainty about coronavirus impact on future.
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Couriers keeping distance from customers during coronavirus outbreak
FedEx, UPS change signature protocols to keep delivery personnel a healthy distance away from customers during coronavirus pandemic.
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Pandemic’s toll could come into focus in FedEx earnings
Analysts aren't sure yet how much impact coronavirus will have on FedEx third quarter earnings, scheduled for reporting Tuesday, but some believe the company should be prepared for long-term fallout.
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February 2020
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FedEx, pilots reach deal on China flights
FedEx and the Air Line Pilots Association reached an agreement Saturday making flights to and from coronavirus-stricken China voluntary for flight crew members and providing premium pay for crews flying those routes.
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January 2020
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Raj Subramaniam notches another title, FedEx Corp. director
President and chief operating officer Raj Subramaniam has been elected to the FedEx Corp. board.
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UPS, Blues City Brewery expansions pack big economic impact
The Economic Development Growth Engine of Memphis & Shelby County approved tax abatements for UPS and Blues City Brewery expansions Wednesday. They have a combined one-time economic impact of $470 million.
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UPS pulls permit for $22.5 million expansion at Memphis airport hub
Atlanta-based United Parcel Service has applied for a building permit for $22.5 million in work at its hub at Memphis International Airport.
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