Filed in FedEx

Thursday, December 16, 2010

FedEx announced today it has signed an agreement to acquire Mexico-based domestic express package delivery company MultiPack.

A combination of factors led to net income for the fiscal second quarter at FedEx to drop 18 percent to $283 million, according to the company’s earnings announcement today.

Wednesday, December 08, 2010

The company said it has reduced transit times in more than 500 lanes connecting Toronto and Montreal to dozens of cities and regions in the United States. And it added that these efforts will enable cross-border LTL shippers to achieve various improvements in their supply chains.

Tuesday, December 07, 2010

Last week, the House of Repre­senta­tives once again voted to extend the current authorization for federal aviation programs through March 31, 2010. For those keeping score at home, that marks the 17th extension voted by Congress since the authorization’s scheduled expiration date in 2007.

Monday, December 06, 2010

FedEx recently announced it will up its rates for its FedEx Ground and FedEx Home Delivery units by an average of 4.9 percent, which will take effect on January 3, 2011.

Friday, December 03, 2010

Netherlands-based TNT NV, a provider of mail and couriers services and the fourth largest global parcel operator, said it plans to “demerge” operations by separating its Express and Mail operations into two independent companies. Company officials said that the main reasons for an internal separation are the increasingly divergent strategic profiles of the two units and the limited existing synergies between them.

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.