FedEx

By Jeff Berman · July 14, 2016
As negotiations continue between Canada Post and the Canadian Union of Postal Workers, the United States Postal Service (USPS) is still monitoring a possible work disruption affecting Canada Post, noted a USPS customer alert issued on July 11.
By Jeff Berman · July 8, 2016
Drivers for FedEx Ground Package System in 20 states will receive $240 million from FedEx to settle lawsuits that claim FedEx misclassified them as independent contractors, according to a Reuters report. Fedex Lawsuit 2016, FedEx Settlement.
By Jeff Berman · June 22, 2016
FedEx Quarterly revenue at $13 billion was up 7 percent, while the company had a $70 million net income loss to $897 million and a $68 million net income loss to $1.51 billion. And it had a earnings per share of $3.30, which was 20 percent higher than a year ago and topped Wall Street expectations of $3.28.
By Jeff Berman · June 17, 2016
Drivers for FedEx Ground Package System in 20 states will receive $240 million from FedEx to settle lawsuits that claim FedEx misclassified them as independent contractors, according to a Reuters report.
By Jeff Berman · May 26, 2016
Now that the deal, which had to clear several regulatory hurdles in multiple countries, is official, FedEx executives were able to speak a little bit more freely, albeit being somewhat guarded in regards to certain integration specifics at the same time.
By Jeff Berman · May 25, 2016
The $4.8 billion acquisition of Netherlands-based TNT Express-NV, a provider of mail and courier services and the fourth largest global parcel operator, by transportation and logistics services provider FedEx was made official today.
By Jeff Berman · May 19, 2016
Memphis-based FedEx said yesterday that it has unconditionally declared its offer for TNT, with 88.4 percent of all shares committed and a settlement date for the deal of next Wednesday, May 25 and all offer conditions having been satisfied or waived.
By Jeff Berman · May 9, 2016
When it comes to pricing changes, transportation and logistics bellwethers are usually on the same page. And that was again made clear with changes each company made for additional handling charges on ground packages.
By Jeff Berman · April 29, 2016
The proposed $4.8 billion acquisition of TNT Express N.V. by FedEx took a major step closer to becoming official today, with the company and TNT announcing today that they have received unconditional approval of the offer from the Ministry of Commerce People’s Republic of China (MOCFCOM).
By Jeff Berman · March 23, 2016
CrossBorder is the former Bongo International, a provider of cross border enablement technologies and solutions, whom FedEx acquired in December 2014. FedEx said that this announcement reflects its investment in expanding its international e-commerce offerings.
By Patrick Burnson · March 17, 2016
FedEx Corp. reported adjusted earnings of $2.51 per diluted share for the third quarter ended February 29, compared to adjusted earnings of $2.03 per diluted share a year ago. Without adjustments, FedEx reported earnings of $1.84 for the third quarter compared to $2.18 per diluted share last year.
By MMH Staff · February 18, 2016
Students exposed to real-life issues and using actual data to develop solutions to complex supply chain problems.
By Jeff Berman · January 8, 2016
Earlier today, FedEx and TNT NV announced that the proposed $4.8 billion acquisition of TNT by FedEx received the news they were hoping to hear from the European Commission (EC), with the companies saying they obtained the unconditional approval of the EC and the EC concluding this deal does not raise any competition concerns.
By Jeff Berman · November 30, 2015
The planned acquisition of TNT NV by FedEx moved one step closer to fruition last week, when the United States Federal Trade Commission (FTC) signed off on the deal in the form of getting U.S. antitrust permission to merge, according to a Reuters report.
By Jeff Berman · November 2, 2015
The companies said that the acceptance period was extended because not all offer conditions, specifically, the Offer Condition relating to Competition Clearances, were fulfilled upon expiry of the initial Acceptance Period on October 30.

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