FedEx News Updates

Business

FedEx to Open Distribution Center in New Mexico

FedEx Ground is moving dirt around on a 215,000-square-foot distribution center at Santa Teresa, New Mexico's newest industrial development, Westpark. The $20 million center is expected to be operating in the first quarter of next year, according to sources familiar with the project.

May 19, 2016
Business

Tennessee Cites FedEx for Fatal Accident, Proposes $4,000 Fine

State regulators propose to fine FedEx  Corp. $4,000 for a fatal workplace accident last Nov. 22 at the Memphis hub.

May 18, 2016
Business

FedEx Breaks Ground on New Connecticut Facility

Construction will begin soon on a 525,000-square-foot FedEx Ground distribution hub in Middletown, Connecticut, at the former site of an Aetna campus.

May 17, 2016
Business

FedEx Founder Fred Smith to be Awarded University of Tennessee Honorary Degree

NASHVILLE, Tenn. — FedEx Corp. founder and Chairman Fred Smith will receive one of three honorary degrees the University of Tennessee will award at commencement ceremonies next month in Knoxville.

April 18, 2016
Business

FedEx to Build Distribution Center at Old Louisiana Racetrack Site

Part of the old Evangeline Downs Racetrack site in Carencro, Louisiana, will be the home of a 236,000-square-foot FedEx Ground distribution center, the developer of the project confirmed April 11.

April 12, 2016
Business

FedEx Expects to Start Construction on $220 Million Connecticut Distribution Facility

FedEx Ground, after purchasing property in Middletown, Connecticut, in March for $18 million, has given the city an official commitment to build a 525,000 square-foot distribution hub.

April 11, 2016
Business

UPS Court Filing Signals Continued Interest in TNT Express

UPS Inc. signaled its continued interest in Netherlands-based package and freight carrier TNT — currently pledged to a merger with FedEx Corp. — by asking a European Union court to reverse a 2013 regulatory ruling that blocked UPS from acquiring the Dutch company.

April 9, 2016
Business

FedEx Plans Bond Offering in Euros for TNT Deal

FedEx Corp. will seek to finance part of its TNT Express acquisition with a debt offering in euros, its first non-U.S. bond issue.

April 5, 2016
Business

FedEx Debuts Cold Chain Center to Keep Shipments Chilled During Delays

FedEx Corp. unveiled its Cold Chain Center on March 29, designed to hold frozen, refrigerated and controlled room temperature shipments when they're delayed in transit through the hub.

March 30, 2016
Business

FedEx Delivers River Otter Pup

FedEx Corp. delivered a river otter pup named Oliver to the Downtown Aquarium in Denver last week after an overnight layover at the FedEx Express World Hub in Memphis.

March 28, 2016