Filed in FedEx
Thursday, March 22, 2012
CEO Fred Smith says FedEx has a profitable multi-billion dollar business in Europe and it is growing strongly.
Quarterly revenue of $10.56 billion was up 9 percent from last year’s $9.66 billion, and operating income at $813 million was up 107 percent from $393 million. Its operating margin—at 7.7 percent—was up from 4.1 percent. FedEx reported earnings per share of $1.55, edging Wall Street estimates of $1.52.
Tuesday, February 21, 2012
FedEx recently announced that its FedEx Express subsidiary has expanded its network coverage from Asia to Middle East markets.
Posted on 02/21 at 11:15 AM
Asia Pacific •
While UPS has made a bid and FedEx has yet to join the party, TNT focuses on recovering recent losses.
Thursday, January 12, 2012
Spurred to a large degree by a decent holiday shopping season, December retail sales showed sequential and annual growth, according to data released by the United States Department of Commerce and the National Retail Federation (NRF).
Wednesday, January 04, 2012
Following a December ruling by the Federal Aviation Administration (FAA) focused commercial airline pilot scheduling, which provides pilots with a longer opportunity for rest before entering the cockpit, union groups representing pilots at FedEx and UPS have spoken out about how the rule does not apply to air cargo operators.
Posted on 01/04 at 01:55 PM
Air Freight •
Air Cargo •
While it has only been a few months since Seattle-based EquaShip made its entrance into the parcel sector marketplace, the company appears to be highly committed to making itself a cost-efficient alternative for shippers that traditionally turn to the parcel duopoly of FedEx and UPS.
Thursday, December 15, 2011
During its fiscal second quarter earnings announcement today, FedEx announced it has inked a deal with The Boeing Company to modernize its FedEx Express aircraft fleet.
Posted on 12/15 at 12:15 PM
Air Freight •
Air Cargo •
Driven by a continued focus on yield management, FedEx reported today that fiscal 2012 second quarter net income at $497 million was up 76 percent annually. The company’s quarterly revenue of $10.59 billion was up 10 percent from last year’s $9.63 billion.
Posted on 12/15 at 10:51 AM
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Monday, December 12, 2011
The company said that Monday, December 12 is expected to be the busiest day in its almost 40-year history, pegging today’s shipment count to check in at around 17 million, which is about twice as much a typical day’s average volume.