FedEx News Updates

Business

FedEx Completes Genco Acquisition

FedEx Corp. has completed its acquisition of Genco Distribution System Inc., which it described as one of the largest third-party logistics providers in North America.

January 30, 2015
Business

FedEx Delivers Lombardi Trophy for Super Bowl XLIX

FedEx Corp. played an important role in the preparations for Super Bowl XLIX by delivering a key piece of hardware to the game — the Vince Lombardi Trophy.

January 26, 2015
Business

FedEx Sticks With Its 2015 Forecast; Stock Slips Anyway

Minutes after UPS sent its stock tumbling with a surprise warning that fourth-quarter profit was cut by surging costs, FedEx took an unusual step.

January 23, 2015
Business

FedEx Records Higher 2Q Profits, Agrees to Buy Logistics Firm Genco

FedEx Corp. last week said stronger results at every unit boosted its fiscal second-quarter net income 23% to $616 million, while also announcing plans to buy logistics specialist Genco to broaden its product line.

December 22, 2014
Business

FedEx Net Income Climbs 23% as Unit Profits Rise

FedEx Corp. said net income for its fiscal second quarter ended Nov. 30 rose 23% to $616 million, or $2.14 per share, helped by stronger results in the air, ground and freight units.

December 17, 2014
Business

FedEx Acquires E-Commerce Firm Bongo International

FedEx Corp. has acquired cross-border, online-purchase technology company Bongo International to enhance its portfolio of e-commerce solutions. Terms were not disclosed.

December 17, 2014
Business

FedEx Kicks Off Busiest Day

FedEx Corp. kicked off what it expects to be its busiest day in company history, Dec. 15.

December 15, 2014
Business

FedEx Freight’s Logue to Retire; Ducker Is Successor

FedEx Freight CEO William Logue, who led the unit back to historical profitability levels, will retire for health reasons Dec. 31, to be succeeded by Michael Ducker, chief operating officer of FedEx Express.

November 5, 2014
Business

FedEx Freight Workers Reject Teamsters in N.J. Vote

FedEx Freight drivers at the Cinnaminson, New Jersey, terminal have voted against becoming Teamsters in the first-ever unionization vote at the nation’s largest less-than-truckload company, the company said.

October 14, 2014
Business

FedEx Says Kansas Ruling on Drivers Based on Old Practice

FedEx Corp. said a ruling by the Kansas Supreme Court that, under state law, its drivers are employees rather than independent contractors applies to a business practice it hasn’t been using since 2011.

October 6, 2014