FedEx

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.
By LM Staff · December 3, 2012
The company said rates for each service will increase by a net average of 4.9 percent and take effect on January 7, 2013.
By Jeff Berman · November 19, 2012
According to company officials, non-contractual 2013 rates will be comprised of a net increase of 4.5 percent for UPS Air and International Services and UPS ground packages are going up 4.9 percent.
By Jeff Berman · November 15, 2012
FedEx said this service will be made available for FedEx Freight Priority and FedEx Freight Economy shipments to and from the U.S. and Canada and intra-Canada, too, adding that the 10:30 A.M. Delivery has a money-back guarantee and is also available in the U.S.
By Jeff Berman · November 8, 2012
Company officials said that the pre-production engine used in these tractors is expected to be released in 2013.
By Jeff Berman · October 31, 2012
UPS expects to deliver 527 million packages between Thanksgiving and Christmas, and FedEx expects to deliver more than 280 million packages during that same period.
By Jeff Berman · October 26, 2012
Taking steps to augment its cross-border services in Canada and Mexico and meet customer needs in NAFTA markets, FedEx Freight, the less-than-truckload (LTL) subsidiary of FedEx, said this week it has added three new service center facilities.
By Jeff Berman · October 11, 2012
FedEx is expecting nearly $1.6 billion of the planned $1.7 billion in profitability improvements to come from its Express division, according to the Wall Street Journal.
By Jeff Berman · October 10, 2012
This week, the company made some of its cost reductions plans public, rolling out a goal of an annual profitability improvement of $1.7 billion during the next three years, with a majority of the benefits to be achieved by fiscal 2015.
By Jeff Berman · September 27, 2012
FedEx Freight the less-than-truckload subsidiary of transportation and logistics bellwether FedEx said this week that it has upgraded its FedEx Freight Priority services by making improvements to its transit standards.
By Jeff Berman · September 19, 2012
While the fiscal year 2013 first earnings forecast for FedEx was lowered due to concern about the global economy on the company’s fiscal first quarter earnings call this week, FedEx Freight, the company’s market-leading less-than-truckload subsidiary had a strong quarterly performance.

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