Filed in FedEx
Tuesday, April 17, 2012
FedEx said this morning it is in discussions about a potential plan to acquire TATEX, a France-based B2B express transportation company focused on heavy shipments. This potential deal follows FedEx’ early April acquisition of Poland-based courier company Opek Sp.Z o.o.
Thursday, April 05, 2012
Company officials said that this acquisition, which is expected to close this summer, is part of its growth strategy in Europe and is expected to supplement FedEx’ service portfolio in Poland.
Posted on 04/05 at 01:28 PM
Friday, March 30, 2012
Company says this network design provides choice for shippers in all lengths of haul, which is part of the company’s value-add proposition.
Posted on 03/30 at 01:33 PM
Thursday, March 29, 2012
FedEx subsidiary FedEx Trade Networks, the company’s global trade subsidiary, said this week it has opened three new U.S.-based offices in Phoenix, St. Louis, and Milwaukee as part of an ongoing expansion effort.
Posted on 03/29 at 08:28 AM
Freight Forwarding •
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).
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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 Cargo •
Air Freight •