All FedEx articles
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NewsAir Cargo News’ most read stories in 2024
2024 was a better than expected year for air cargo, according to many stakeholders in the industry. E-commerce and Red Sea-related sea to air demand helped push up volumes, although there were also plenty of challenges throughout the year. Not unexpectedly, the sale of DB Schenker, a milestone e-commerce flight ...
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NewsFedEx Freight to be split from FedEx and Q2 Express revenue flat
The board of FedEx has agreed to separate FedEx and FedEx Freight
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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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InsightsTop 25 cargo carriers: Cargo goes slow on growth in 2023
Air cargo demand in 2023 was slow to recover from the previous year’s market slump and the top 25 cargo airlines felt the strain.2023 was undoubtedly a tough year for air cargo with global full-year demand, measured in cargo tonne-kilometers (CTKs), for the top 25 airlines down 1.7% compared to ...
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NewsFedEx offers smarter solutions for sensitive shipments
Photo: FedExFederal Express has launched an “intelligent solution for monitoring and intervention” that offers customers enhanced control and visibility.FedEx Surround uses advanced sensor technology including SenseAware ID with near real-time data analytics to provide continuous monitoring and proactive interventions.The system is based on a lightweight, compact sensor that transmits the ...
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Insights
Putzger Perspective: Smaller freighters have fallen out of fashion
Smaller freighters are dropping out of the skies. FedEx is retiring about one fifth of its 757 freighter fleet. Next year Atlas Air will end flying eight 737 cargo planes for Amazon – one year ahead of their contract expiry. The same goes for 17 B767Fs that Atlas is currently ...
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NewsFedEx to grow cargo facility at Clark Airport in the Philippines
From left: Lourdes Josephine Gotianun-Yap Chairman, LIPAD, Noel F. Manankil, President and CEO, LIPAD, Maribeth Espinosa, Managing Director, FedEx Philippines, Jenieryll Jomarie Mangalindan, Senior Manager for Operations, FedEx Philippines. Photo: FedExFedEx will expand its gateway facility at Clark International Airport (CRK) in the Philippines following the signing of an ...
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News
Freighter emissions up 25% since 2019
Greenhouse gas (GHG) emissions generated by freighter aircraft have grown by 25% since 2019, according to environmental campaign group Stand.earth.The report called for greater emissions transparency from carriers and said one of the major causes of the problem is the demand for faster delivery services for e-commerce shipments.The report shows ...
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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 completes first flight to UK's Teesside International
Source: Teesside InternationalTeesside International Airport in the UK northeast has welcomed its first FedEx flight after signing a five-year deal for an airfreight handling facility at the airport.The first flight of the new partnership was carried out by a Boeing 737-400 (OE-IAE) and arrived at Teesside from Edinburgh Airport on ...
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News
Future of the 767F given a boost as US Senate backs emissions exemption
Production of the Boeing 767 freighter has been given a lifeline after the US Senate approved a bill that would exempt the aircraft from stricter emissions rules.The US is due to implement new aircraft efficiency rules from January 1 2028 which had called into question the future of the 767 ...
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News
FedEx 767-300ER freighter lands with nose-gear retracted at Istanbul
One of US express carrier FedEx’s Boeing 767-300ER freighters has been involved in a landing incident at Istanbul after its nose-gear failed to deploy.The aircraft was operating flight FX6238 from Paris Charles de Gaulle on May 8.Istanbul airport’s operator said that the twinjet experienced a “technical issue” which resulted in ...
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News
FedEx profits improve as cost cutting takes effect
FedEx saw its profits improve in the third quarter of its fiscal year despite revenues coming under pressure due to weak market conditions.The express giant saw its fiscal year third-quarter revenues decline by 2% year to $21.7bn, but operating income improved by 19% on last year to $1.2bn and net ...
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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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NewsTeesside International scoops FedEx flights
Tees Valley mayor Ben Houchen, Alun Cornish, Fed Ex and Teeside Internationa’s Phil Forster. Copyright: Tom Banks/Banks PhotoFedEx will switch its northeast England operation to Teesside International Airport after signing a five-year deal for an airfreight handling facility at the airport.The change will see the express giant move its eight ...
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NewsFedEx pilots request release from mediation
Source: Air Cargo NewsThe Air Line Pilots Association, Int’l (ALPA) – the largest airline pilot union in the world, and one that represents more than 77,000 pilots flying with 42 US and Canadian airlines – has confirmed that FedEx Express pilots that it represents have filed a request with the ...
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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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News
E-commerce continues to support air cargo growth
E-commerce was a boom vertical in the air cargo industry during the pandemic and demand has been a steady source of growth for airfreight companies since.Ahead of a more in-depth look at how the sector is evolving in our IATA WCS special issue, Air Cargo News spoke to FedEx and ...
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News
Gradual increase in airfreight expected as Red Sea crisis could last months
Scan Global Logistics expects a slow but steady increase in airfreight volumes amid predictions that the Red Sea conflict could last months.The logistics company said in a January 12 market update that there hasn't been a drastic increase in airfreight volumes as a result of the impact of the Red ...