All FedEx articles – Page 10
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News
FedEx Express orders up to 50 ATR 72-600 production line freighters
FedEx Express has signed a firm purchase contract for 30 ATR72-600s plus 20 options.These eight tonnes cargo capacity aircraft will be the first new ATRs to be directly delivered from the factory in a freighter configuration.Deliveries of the ATR72-600Fs to FedEx Express will begin in 2020.“This new aircraft version, designated ...
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News
FedEx expands Barcelona hub
FedEx Express has opened a new ground operations centre in Barcelona’s Zona Franca.FedEx says Spain is a key part in its development of a European leading logistics network. Following its acquisition of TNT last year, FedEx Express is adding a European ground network to its existing air operations.It will process ...
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News
FedEx to double size of air cargo facilities at Incheon airport
FedEx Express has revealed it will double the size of its air cargo handling facility at Incheon International Airport as it looks to cater for rising volumes in South Korea.Establishing a new cargo facility at Incheon International Airport is a strategic move for FedEx — the airport has seen the ...
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News
FedEx takes $300m operating income hit on cyber attack
The Petya cyber attack cost express giant FedEx $300m in lost operating income during the first quarter of its financial year ended August 31.The company said the cyber attack, which hit its TNT Express business in June, predominantly affected revenues. The loss of revenues went straight through to its profits ...
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FedEx asks for second extension to Cuba service start-up deadline
FedEx has asked for more time to start up its new Cuba freighter service after facing problems finding suppliers in the country and due to potential changes to US policy.Last year, the express firm was the only airline granted permission to operate all-cargo services between the US and Cuba as ...
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News
FedEx and UPS top bosses in memo to Trump: Keep the US globally competitive
US logistics giants and fierce rivals UPS and FedEx have joined forces by calling on the US Congress and the Trump Administration to work on policy reforms to keep the US globally competitiveIn a signed editorial published in the influential Wall Street Journal, FedEx Corp chairman and chief executive Fred ...
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FedEx financial performance hit by TNT cyber attack
Express firm FedEx said today that its financial results will be affected by the Petya cyber attack that hit subsidiary TNT. The company continues to be affected by the virus.In a stock exchange announcement, the express giant said it was still evaluating the financial impact of the attack, but it ...
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NewsTop 25 cargo airlines 2016: FedEx maintains top spot but ABC and Qatar on the up
FedEx was once again the busiest freight airline in the world, while Qatar Airways, AirBridgeCargo (ABC) and All Nippon Airways were among the fastest growers in 2016 (see end of article for full table).The annual World Air Transport Statistics report from Iata showed that in freight tonne km (FTK) terms, ...
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News
FedEx adds Bangladesh security surcharge
FedEx Trade Networks will add a surcharge on shipments from Bangladesh to the European Union (EU) after stricter security standards were introduced.FedEx's forwarding arm said that as a result of the EU adding Bangladesh to its list of high-risk countries shipments will need to go through new screening measures in ...
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News
Boeing and FedEx Express test green technologies on B777F
Boeing and FedEx Express will use a new B777 freighter to test emerging technologies, such as propulsion advancements and flight deck innovations.The ecoDemonstrator program, now in its fifth phase, serves as a series of flying testbeds designed to improve the environmental performance and safety of future airplanes."The ecoDemonstrator program is ...