All FedEx Express articles
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NewsFedEx lowers outlook as profits slide
FedEx saw revenues and profits decline in its fiscal first quarter as the company faced challenging market conditions, customers opted for less expensive delivery services and operating costs were on the rise. The express giant saw revenues for the quarter ended August 31 decrease 0.5% year on year to $21.6bn, ...
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NewsFedEx axes 22 757 freighters as express profits remain under pressure
FedEx revealed in its fiscal fourth-quarter results that it has retired 22 of its Boeing 757 freighters as it looks to better match capacity to market demand. The move sees the express giant reduce its 757F fleet to 92 aircraft as of May 31, compared with 115 at the same ...
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FedEx plans to cut up to 2,000 jobs in Europe
FedEx is planning to cut thousands of jobs in Europe as it continues to struggle with sluggish market conditions.The express giant said that it would let go between 1,700 and 2,000 members of its back-office team on the continent - around 3-4% of its 52,000 European employees.It hopes the move ...
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NewsFedEx expands Shenzhen airport facility
Photo: FedExFedEx Express has upgraded its Shenzhen Baoan International Airport gateway facility in Shenzhen, China by renovating and expanding the import warehouse to improve import operations and provide customs clearance efficiency for customers in the Southern China region.The import warehouse at the Shenzhen facility is now equipped with an advanced ...
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Liege Airport cargo volumes bounce back after tough 2023
Liege Airport has seen its cargo volumes bounce back in the first two months of the year following a double-digit percentage decline in 2023.The Belgian freighter hub registered a 13% year-on-year increase in cargo volumes over the first two months to 175,593 tonnes while the number of flights improved by ...
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NewsFedEx Express opens regional headquarters
L to R: Png Cheong Boon, chairman, Economic Development Board (EDB), Richard Smith, president and chief executive, Airline and International, FedEx, Vivian Balakrishnan, Singapore’s Minister for Foreign Affairs, Raj Subramaniam, president and chief executive, FedEx, Jonathan Kaplan, U.S. Ambassador to Singapore, Kawal Preet, president, Asia Pacific, Middle East, and ...
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FedEx pilots hit out at insulting job offer and disappointing management comments
FedEx Pilot representatives have expressed their disappointment at the latest round of talks over a new contract while labelling an offer to move to a regional airline as insulting.The Air Line Pilots Association, Int’l (ALPA) said it was disappointed to read "management’s comments made to a small group of pilots ...
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FedEx reorganises air network
FedEx will reorganise its air network to better suit the demands of various shipment types as part of efforts to cut costs.The company this week revealed that it would divide its air network into three sections; purple orange and white.The purple network will deliver high-priority, high-margin volumes through FedEx-owned aircraft ...
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NewsFedEx pack an economic punch
Image Source: FedExFedEx Corporation has released its annual Economic Impact Report, a study that assesses the company’s worldwide network and its role in driving innovation over the course of the 2023 fiscal year (defined by FedEx as running from June 1 2022 to May 31 2023).The report is used to ...
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NewsFedEx adds extra capacity between Vietnam and Europe
Source: FedExFedEx is expanding its presence between Vietnam and Europe with the addition of four weekly flights.The new Boeing 767 freighter flights will operate out of Ho Chi Minh City and connect with Europe in Paris CDG, Liege and Cologne through the express firm's Asia Pacific hub in Guangzhou.The flights ...
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Blow to FedEx as pilots vote down latest pay offer
FedEx pilots have voted against the latest contract offer from bosses at the express giant.The pilots yesterday rejected a tentative agreement with the company by a vote of 57% to 43%.The agreement includes a 30% pay increase and a 30% increase to the pilots’ legacy pension.In June, the deal was ...
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FedEx to ground more planes as profits come under pressure
Express giant FedEx will ground more aircraft after both revenues and operating income declined during its fiscal fourth quarter of the year due to "demand weakness and cost inflation".In a results call, FedEx Corporation president and chief executive Raj Subramaniam said that the company had retired 18 aircraft, including 12 ...
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FedEx union leaders approve pilot deal
The FedEx Master Executive Council (MEC), the governing body of the FedEx unit of the Air Line Pilots Association, Int’l (ALPA), have approved a tentative pilot contract reached with the express airline last month.The tentative contract agreement, which was reached on May 30, will now go to a membership ratification ...
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FedEx says strike plans have "no impact" on business
FedEx has stressed recent strike discussions have had "no impact on our service".On May 17, FedEx Express pilots, represented by the Air Line Pilots Association, Int’l (ALPA), voted to authorise a strike.The FedEx Express Master Executive Council (MEC) of ALPA unanimously approved a resolution setting the stage for a strike ...
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FedEx pilot strike woes continue
FedEx could soon be under pressure to keep its freighters in the air with pilots considering strike action.FedEx Express pilots, represented by the Air Line Pilots Association, Int’l (ALPA), have announced that the voting window for a strike authorisation ballot will open on April 18."Mediated negotiations for a new employment ...
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FedEx to consolidate operating companies to cut costs
Express giant FedEx has unveiled plans to consolidate its various divisions as part of efforts to generate cost savings of $4bn.The company intends to bring FedEx Express, FedEx Ground, FedEx Services, and other FedEx operating companies into the Federal Express Corporation, becoming a single company operating a "unified, fully integrated ...
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NewsHong Kong International retains busiest cargo hub top spot
Hong Kong International Airport (HKIA) retained its position as the world's busiest cargo airport in 2022 despite the impact of Covid restrictions, according to statistics from Airports Council International.HKIA saw its cargo volumes fall by 16.4% year on year in 2022 to 4.2m tonnes as restrictions on crew hampered operations, ...
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NewsFedEx Express expands in Germany
Photo: FedExFedEx Express has expanded its Stuttgart Air Gateway air cargo facility and commissioned a new sorter at the site.The new setup improves handling speed and capacity, helping to meet export and import demand from customers in the region.In addition to more than tripling sorting capacity, the facility offers an ...
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FedEx Express is pain point for FedEx in second quarter
FedEx faced continued weak market demand for air cargo in the second quarter with FedEx Express a particular pain point.In the second quarter ended November 30, the transport company said previously implemented cost reduction measures helped soften the blow of reduced FedEx Express revenue.Second quarter fiscal 2023 revenue was $22.8bn ...
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NewsFedEx adds new sorting tech at Stansted
Source: FedEx ExpressFedEx Express Europe has implemented new package sorting technology at its Stansted Airport facility in the UK to help meet rising demand.FedEx said the new automated scanning and sorting technology "speeds up the flow of exports through the site’s operations".Around 80% of shipments bound for international markets are ...