Filed in FedEx
Tuesday, July 19, 2011
FedEx subsidiary FedEx Trade Networks, the company’s global trade arm, is taking steps to augment its ocean freight forwarding services in the form of a new Ocean Choices portfolio the company introduced today.
Thursday, May 05, 2011
FedEx subsidiary FedEx Trade Networks, the company's global trade arm, said this week that it is continuing its global expansion efforts with the opening of five new offices in its Europe, Middle East, and Africa (EMEA) region.
Tuesday, April 05, 2011
Company officials said the new 104,000 square-foot location, with more than 85,000 square-feet for distribution, provides shippers with expanded service offerings, including freight forwarding, customs brokerage, and distribution services.
Monday, April 04, 2011
Following a recent announcement which called for reducing United States oil imports by one-third in the next decade, President Barack Obama last week rolled out a new energy-focused initiative focusing on trucking in a speech at a UPS facility in Landover, Maryland.
Friday, April 01, 2011
Leading trucking company CEOs say it’s time to pay down debt and put profit to work to recapitalize their businesses - all at a time of tightening capacity. For shippers, the days of rock bottom rates could be long gone.
Wednesday, March 30, 2011
Like its top competitor UPS said at the end of 2010, FedEx recently stated that it is not considering acquiring the express business of Netherlands-based TNT NV, a provider of mail and courier services and the fourth largest global parcel operator, according to a Dow Jones report.
Tuesday, March 29, 2011
FedEx Express launched a new dedicated 777F route connecting FedEx World Hub in Memphis, Tennessee to South Korea with four nonstop flights a week. And UPS launched four direct flights from Hong Kong to Europe this week, which, it said, enables the company to offer the widest next-day delivery package for packages and heavy freight to Europe from Hong Kong.
Monday, March 28, 2011
Spurred by customer demands, FedEx subsidiary FedEx Express announced it has opened up a new China-based station in Suzhou in the Jiangsu Province, which is the company’s third station in Suzhou.
Thursday, March 17, 2011
Net income for the quarter—at $231 million—was down 3 percent from last year’s $239 million, but quarterly revenue at $9.66 billion was up 11 percent from last year’s $8.70 billion. Operating income—at $393 million—was down 6 percent year-over-year.
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Thursday, March 10, 2011
Parcel shippers that turn to third-party consultants (3PCs) to help them navigate myriad facets of pricing and rate structures from industry bellwethers FedEx and UPS may eventually find themselves having to fend for themselves when talking dollars and cents with these companies if a Department of Justice (DOJ) investigation finds that FedEx and UPS are colluding to adopt a policy of declining to negotiate with 3PCs acting on behalf of shippers.