All FedEx Express articles – Page 3
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News
FedEx predicts ongoing cargo capacity constraints in 2022
FedEx is predicting that next year air cargo capacity will once again be hard to secure with space remaining scarce and supply chain issues supporting strong demand.Speaking to Air Cargo News, Karen Reddington, president of FedEx Express Europe, explained that passenger networks - and therefore bellyhold services - were taking ...
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NewsFedEx Express flies high
FedEx Express is benefiting from e-commerce growth and air cargo capacity constraint. Source: FedExFedEx Express' second quarter operating income surged 9% year on year to $1.6bn, driven by higher yields and FedEx International Priority volume growth, which offset the negatives of continued staffing challenges and COVID-19-related air network inefficiencies.The US ...
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NewsFedEx expands at US airport
FedEx Express' air cargo hub at Miami International Airport. Photo: FedExFedEx Express recently completed a major expansion of its air cargo hub located at Miami International Airport.The US$72.2m expansion will increase capacity and capabilities at the company’s Americas gateway, which connects the US and Canada to Latin America and the ...
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News
FedEx expands Paris CDG intra-European capacity
FedEx Express has expanded its intra-European air network and will also introduce extra transatlantic capacity for the peak season.The express firm introduced its additional European flights in a phased approach starting September.The flights will increase connectivity at the firm's Paris CDG hub.The additional flights include Paris CDG-Kiev, adding 68,000 kg ...
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NewsFedEx Express to invest more than $400m in Saudi Arabia over ten years
FedEx Express will transition to a direct-serve presence in Saudi Arabia to meet the Middle East country’s growing international shipping demands.The US express giant will invest more than SAR 1.5bn (approx $400m) into the Saudi economy over the next 10 years through talent management and local operations and infrastructure.FedEx Express ...
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NewsTop 25 cargo airlines: Freighter operators to the fore
FedEx, UPS and Qatar were last year the largest air cargo carriers once again, but there were major winners and losers in the overall top 25 airlines as the Covid pandemic took its toll on the market (see full at end of article).According to IATA’s latest World Air Transport Statistics ...
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NewsFedEx Express expands intercontinental network with APAC services
Image source: FedExFedEx Express has launched four new intercontinental Boeing 777 freighter flights, originating from its Asia Pacific (APAC) hubs, to destinations on the trans-Pacific, intra-Asia, and Europe lanes.The flights will provide weekly capacity of around 1,390 tonnes and will serve growing e-commerce demand.Two of the new services will depart ...
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News
FedEx reduces Liege hub job cuts
Fewer FedEx employees will be made redundant at its Liege hub as a result of demand increases and discussions with unions.The express giant had announced a series of job cuts in January as a result of the integration of the air network of TNT Express, which it purchased for €4.4bn ...
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News
FedEx to add freighters and boost spending to meet demand
FedEx will boost spending over the coming year and add more freighter orders to meet growing e-commerce demand.Announcing its results full-year results for fiscal year ended May 31, the express giant said it expected to spend around $7.2bn in FY 2022 compared with around $5.9bn last year.Meanwhile, FedEx will exercise ...
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NewsAir cargo carries out life-saving medical equipment flights to India
United Cargo helped facilitate a shipment of ventilators to DelhiThe air cargo industry has been transporting life saving supplies and medical equipment to India over the last few days as the country is ravaged by a second wave of Covid.Lufthansa Cargo said that on three flights this week, a total ...
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News
FedEx and DoT hit out at Hong Kong quarantine rules
The US Department of Transport (DoT) may limit flights by the Cathay Pacific Group airlines in response to the latest Hong Kong's quarantine rules, saying they disproportionately affect US carriers.The new quarantine rules require that all Hong Kong-based crews quarantine for two or three weeks when returning from an international ...
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Hope Consortium adds more forwarders to Covid-19 vaccine distribution efforts
More freight forwarders have joined the Hope Consortium, a UAE-based public-private partnership, to support the distribution of Covid-19 vaccines across the globe.The latest partners are Bolloré Logistics, CEVA Logistics, DB Schenker, DHL, FedEx Express, MICCO Logistics, RSA Global and UPS.The collaboration of leading freight forwarders continues to "cement the credibility ...
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News
FedEx to cut jobs and integrate TNT air network in Europe
Express firm FedEx plans to cut jobs in Europe and combine air networks as part of the integration of TNT.The US logistics giant acquired TNT for €4.4bn in 2016 as part of its European expansion plans and has been integrating IT systems and air, road and ground networks since then.The ...
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