The continued yearlong surge in e-commerce brought on by the COVID-19 pandemic sent FedEx’s year-over-year fiscal third-quarter net revenue up 23% to $21.5 billion, compared with $17.4 billion in the same period in 2020.
March 18, 2021FedEx News Updates
FedEx Rides E-Commerce to $21.5 Billion Third Quarter
FedEx Sets Plan for Carbon-Neutral Operations by 2040
FedEx Corp. announced plans to achieve carbon–neutral operations globally by 2040, with vehicle electrification a key tenet of the strategy.
March 3, 2021Shipping Begins for Third Vaccine; J&J Looks for Partners
As shipping of the third coronavirus vaccine begins, Johnson & Johnson is looking for manufacturing partnerships to increase supply of its COVID-19 vaccine that was cleared Feb. 27 by U.S. regulators, Chief Executive Officer Alex Gorsky said.
March 1, 2021Snow, Ice May Stall Vaccine Shipments
The U.S. vaccine supply is increasing to 13.5 million doses per week, up from 11 million, but harsh winter weather may slow the pace temporarily.
February 16, 2021FedEx Announces Leadership Changes for Freight, Ground Divisions
FedEx Corp. has announced that Lance Moll will be the next president of FedEx Freight. He replaces John A. Smith, who will take over FedEx Ground upon the July retirement of current president Henry Maier.
January 26, 2021FedEx Adds New Fee for Big Shippers, Fueled by E-Commerce
FedEx Corp. plans to add a new surcharge for its largest customers, citing higher pandemic-related costs and indicating that robust demand continues to give couriers considerable power to dictate prices.
January 15, 2021FedEx Reports Record FY Q2 Net Sales of $20.5 Billion
The global surge in e-commerce brought on by the coronavirus pandemic combined with online holiday shopping sent net quarterly sales for FedEx Corp. above $20 billion for the first time in its history, and led to an increase in net income as well, the company reported Dec. 17.
December 17, 2020UPS, FedEx Trucks Begin Vaccine Shipments
KALAMAZOO, Mich. — The first shipments of a COVID-19 vaccine for widespread use in the United States headed Dec. 13 from Michigan to distribution centers across the country, with the first shots expected to be given in the coming week to health care workers and at nursing homes.
December 13, 2020FedEx to Buy ShopRunner in E-Commerce Push
FedEx Corp. has agreed to acquire ShopRunner, an e-commerce service that provides shipping for more than 100 brands, as the courier seeks to deepen its ties with online shoppers.
December 2, 2020North America’s Busiest Cargo Airports
While it remains to be seen how the pandemic might shift air freight patterns over the long term, this listing of the 100 busiest cargo airports in North America provides an overview of the most important hubs for air freight.
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