Filed in Jerry Hempstead

Thursday, December 16, 2010

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.

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.

Wednesday, August 25, 2010

FedEx received good news last week, when a federal judge in Indiana ruled that FedEx Ground drivers in Kansas are independent contractors and not full-time employees.