FedEx News Updates

Business

FAA Says Yes to Possible FedEx Facility at Chino Airport

The Federal Aviation Administration has given its nod for a FedEx delivery facility at Chino Airport in San Bernardino County, California.

January 25, 2017
Business

FedEx CEO Calls Trump's Withdrawal From Trade Deal 'Unfortunate'

U.S. President Donald Trump should reconsider his positions on international trade and work to embrace China and its vast market, FedEx Corp's CEO said Jan. 24, one day after Trump made good on a campaign promise to pull out of a major trade deal with Asian allies.

January 24, 2017
Business

FedEx Introduces Package Dropoff, Pickup at Walgreens

FedEx customers will be able to drop off and pick up packages at “thousands of Walgreens” locations nationwide, the shipping giant said Jan. 11.

January 11, 2017
Business

Snow Disrupts FedEx Hub, But Memphis Airport Remains Open

Snow disrupted operations at the FedEx Express Memphis hub overnight and prompted Delta Air Lines to cancel four Jan. 6 afternoon flights between Memphis and Atlanta.

January 6, 2017
Business

FedEx Net Income Up 1.3% in 2Q, Tempered by Decline in LTL Profit

FedEx Corp. reported profits rose 1.3% for its fiscal second quarter versus one year ago, as growth was hampered by a decline in profitability at the less-than-truckload division, according to the company’s Dec. 20 earnings release.

January 2, 2017
Business

To Keep FedEx-Like Margins, China Logistics Firm Plans Cuts

ZTO Express Inc., the first Chinese package-delivery company to list in the United States, said it needs to cut costs in China to maintain profit margins that exceed FedEx Corp.’s.

December 28, 2016
Business

FedEx Profits Rise 1% But Miss Analyst Targets

FedEx Corp. reported profits rose about 1.3% for its fiscal second quarter versus one year ago, but earnings before tax and interest dropped 13% in the freight division, according to company earnings released Dec. 20.

December 21, 2016
Business

Surge in Online Ordering Has Package Delivery Firms Hopping

A surge in online holiday shopping has national package delivery companies gearing up for record shipping days heading into Christmas and Hanukkah.

December 19, 2016
Business

FedEx Shares Break $200 Barrier as Market Surges

FedEx shares hit $200 Dec. 13 for the first time, propelled by a stock market surge since the election of Donald Trump.

December 14, 2016
Business

FedEx Chief Fred Smith Blasts Trump's Trade Policies

FedEx chief Frederick Smith has gone on the offensive against President-elect Donald Trump's trade proposals, warning of dire consequences if the nation pursues the protectionist policies Trump espoused during the campaign.

December 13, 2016