FedEx

By Jeff Berman · September 27, 2013
FedEx said this service is now available to shippers from Banglagore, Chennai, Delhi, and Mumbai, adding that bringing these locations into the fold extends the reach of this service and offers shippers that export to the U.S. with more freight forwarding services.
By Jeff Berman · September 19, 2013
In its fiscal first quarter 2014 earnings conference call yesterday, FedEx executives provided an update on how the cost-reduction efforts are going.
By Jeff Berman · September 18, 2013
The Memphis-based company also said that quarterly revenue—at $11.0 billion—was up 2 percent, and operating income—at $795 million—saw a 7 percent gain. Operating margin—at 7.2 percent—moved up from 6.9 percent a year ago. FedEx reported earnings per share of $1.53, which was up 5.3 from $1.45 from last year, topping Wall Street estimates of $1.50 per share.
By Jeff Berman · July 30, 2013
Following reports from earlier this month indicating that FedEx had agreed to settle a lawsuit regarding charges that the Memphis-based company was “systemically” overcharging customers by billing business and government offices at higher residential rates, Bloomberg reported yesterday that FedEx will pay $21.5 million to settle the lawsuit.
By Jeff Berman · July 11, 2013
A Bloomberg report from earlier this week said that transportation and logistics bellwether FedEx has agreed to settle a lawsuit regarding charges that the Memphis-based company was “systemically” overcharging customers by billing business and government offices at higher residential rates.
By Jeff Berman · June 27, 2013
FedEx subsidiary FedEx Trade Networks, the company’s global trade arm, announced this week it has set up shop in Dublin, Ireland, which the company said is part of its ongoing global expansion initiative and is its first office in Ireland and its 24th in Europe.
By Jeff Berman · June 21, 2013
Company remains on a solid growth path, with e-commerce gains still going strong.
By Jeff Berman · June 4, 2013
In a move geared to modernize its aircraft fleet and improve the global network of its FedEx Express segment, global transportation and parcel bellwether FedEx announced yesterday it has permanently retired or will accelerate the retirement of 86 aircraft and 308 related engines.
By Jeff Berman · April 15, 2013
ShipmentWatch leverages SenseAware, a FedEx shipment tracking and monitoring service in tracking customer shipments.
By Jeff Berman · March 25, 2013
Revenue at FedEx Freight, the company's less-than-truckload unit, at $1.24 billion was up 0.8 percent from $1.23 billion last year, with an operating margin of 0.3 percent compared to -0.1 percent a year ago.
By Jeff Berman · March 20, 2013
Despite solid performances from its Ground and Freight units, fiscal third quarter earnings for transportation and parcel bellwether FedEx were down overall on an annual basis, with quarterly net income—at $361 million—down 31 percent.
By Jeff Berman · February 1, 2013
FedEx said the new office, which is located in Bangkok, will provide shippers in Thailand and across the Asia Pacific region to leverage FedEx Trade Network’s freight forwarding services.
By LM Staff · January 15, 2013
Earlier today, transportation and logistics bellwether FedEx announced that Henry J. Maier will succeed David F. Rebholz as president and CEO of FedEx subsidiary FedEx Ground.
By Jeff Berman · December 19, 2012
The aftereffects of Super Storm Sandy had an impact on fiscal second quarter net income for global transportation and parcel bellwether FedEx at $438 million, which was down 12 percent annually from $497 million, the company said in its earnings announcement today.
By Jeff Berman · December 12, 2012
The report stated that this development came to light in the form of an internal e-mail by a FedEx sales executive in an internal e-mail which was unsealed in a class action lawsuit filed in a federal court in Memphis last year, which claims FedEx Corp. and FedEx Corporate Services overcharged commercial and government customers up to $3 each for millions of delivered packages.

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