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When FedEx Corp. CEO Fred Smith looks at Amazon.com, he sees a valuable customer — not a mortal danger.

FedEx Corp. reported fiscal third-quarter net income rose 18% to $692 million, or $2.51 per share, excluding one- time costs, powered by higher profits at its Express unit.

FedEx Corp. warned customers of possible delivery delays on March 11 after record rainfall at Memphis International Airport affected the company's world hub.

FedEx Corp. plans call for a distribution center in South Dayton, Ohio, estimated to cost $18.5 million with a capacity to hold more than 550 people.

The Twin Falls, Idaho, City Council on March 7 approved use of airport land for a FedEx air cargo facility and also gave the go-ahead for a major remodeling of the Magic Valley Regional Airport terminal.

FedEx Corp. directors on March 8 adopted a bylaws change sought by shareowners to make it easier to promote candidates for the board.

The Lehigh-Northampton Airport Authority on March 2 approved a tentative deal that would pave the way for FedEx Ground to build a $335 million package-sorting plant in Allen Township.

The owners of Willow Brook Farms in Pennsylvania say they have a tentative deal to remove a deed restriction that will enable FedEx Ground to forge ahead with its $335 million distribution plant on land now owned by the Lehigh-Northampton Airport Authority.

Johnson & Johnson is outsourcing its Memphis distribution center operation to FedEx unit Genco and says a vast majority of workers will continue to work there.