Filed in FedEx
Tuesday, November 30, 2010
FedEx subsidiary FedEx Express recently announced it has launched a new flight to and from Hanoi, Vietnam, which will run weekly from Tuesday through Friday.
Wednesday, November 10, 2010
FedEx subsidiary FedEx Trade Networks, the company’s global trade arm, is continuing its global expansion efforts, with this week’s announcement that it has opened five new offices in the Europe, Middle East, and Asia (EMEA) region. The company said the new offices are in: Budapest, Hungary; Prague, Czech Republic; Madrid, Spain; Milan, Italy; and Antwerp, Belgium.
Wednesday, November 03, 2010
FedEx announced earlier today that its FedEx Express subsidiary will acquire the logistics, distribution, and express businesses of India-based AFL Pvt. Ltd. and its affiliate Unifreight India Pvt. Ltd. Financial terms of the deal, which is expected to close by February 2011, were not disclosed.
Tuesday, November 02, 2010
UPS announced that new rates will kick in, effective January 3, 2011. Company officials said that 2011 rates will include a net increase of 4.9 percent for UPS ground packages and a net increase of 4.9 percent on all air express and U.S. origin international shipments.
Friday, October 08, 2010
Taking steps to keep pace with its global rivals, UPS is aiming to set up domestic service in China, according to a recent Financial Times report. According to the FT, UPS recently submitted an application for a domestic license to the China State Post Bureau, a local regulator, in order to offer shippers in China domestic next-day delivery service and second and third day delivery products.
Posted on 10/08 at 01:44 AM
Friday, October 01, 2010
Soon after less-than-truckload (LTL) transportation service providers YRC Worldwide and ABF Freight System announced matching 5.9 percent general rate increases, FedEx Freight said this week it is upping its GRI a bit higher at 6.9 percent, effective November 1.
Posted on 10/01 at 09:58 AM
Friday, September 24, 2010
Earlier this week, the House of Representatives voted to extend the current authorization for federal aviation programs through December 31, 2010 in what would be the 16th extension voted by Congress since the authorization’s scheduled expiration date in 2007, according to the House Transportation and Infrastructure Committee.
Posted on 09/24 at 06:53 AM
Thursday, September 23, 2010
FedEx subsidiary FedEx Express said this week it has rolled out various upgrades to its domestic service line.
Posted on 09/23 at 08:51 AM
Thursday, September 16, 2010
On its fiscal first quarter earnings call earlier today, FedEx announced some significant changes for FedEx Freight, its less-than-truckload (LTL) unit
Posted on 09/16 at 09:45 AM
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FedEx got fiscal year 2011 off to a strong start, with net income of $380 million for the quarter for a 110 percent increase from $181 million during the same timeframe a year ago.