All FedEx articles – Page 2
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NewsDHL, FedEx and UPS face India competition probe
Source: Worawee Meepian/shutterstockDHL, FedEx and UPS are under investigation by the Competition Commission of India (CCI) over alleged antitrust violations.Newswire Reuters reported that the local units of the three express giants were the focus of an investigation following a complaint from the Federation of Indian Publishers.According to the report, the ...
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Liege cargo volumes slide in 2023 as FedEx switch takes its toll
Liege Airport saw its cargo volumes decline last year due to weak economic conditions and the restructuring of FedEx's network.Belgium's busiest cargo hub recorded cargo volumes of just over 1m tonnes last year, down 11.8% on 2022 levels. However, volumes are up on 2019's 902,480 tonnes.The airport attributed the decline ...
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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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UPS to end day sort at Louisville facility as volumes weaken
UPS will cut the day sort at its Louisville Centennial Hub (LCH) in its latest response to weaker package volumes.The closure of the sort is expected to result in some job losses, although at this stage it is unclear how many positions will go.The LCH facility handles ground shipments while ...
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InsightsA new era for the Regional Air Cargo Carriers Association
The end of 2023 marked the end of an era. After two decades at the helm, Stan Bernstein, founding president of the US Regional Air Cargo Carriers Association (RACCA), handed over the baton to his successor, Jim Goddard of Cape Air. A lifelong aviation aficionado, Bernstein entered the industry as ...
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NewsAir Cargo News' most-read stories 2023
Photo: Khongtham/Shutterstock.The past 12 months have been another tough period for the air cargo market as a sluggish global economy transferred through to weak air cargo volumes.However, airfreight rates and revenues remained above pre-covid levels and e-commerce and other special product categories continued to support the market. There were also ...
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ECJ blocks UPS' claim for TNT deal damages
Europe's top court has rejected UPS' claims for damages of more than €1.7bn related to its failed takeover of TNT in 2013.The European Court of Justice this week rejected UPS' claim against the European Commission (EC) for compensation for the "economic losses allegedly suffered due to the unlawfulness" of the ...
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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 claws back costs in Q2 but Express suffers
FedEx's continuing work to trim costs within the business were evident in its second quarter 2024 results, although the Express segment suffered in particular.Total second quarter operating income for the period ended November 30 was $1.28bn, up 9%. Adjusted operating income increased by 17%.As with the previous quarter, FedEx said ...
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InsightsFedEx targets growth in the UK and Ireland
FedEx UK & Ireland is gearing up for growth at Stansted and Dublin as e-commerce demand continues to drive the need for investment.Speaking at Stansted Airport in the UK, Alun Cornish, managing director, ramp and gateways operations for Northern Europe at FedEx, revealed that the company had just implemented a ...
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NewsFedEx's Panda express heads to China
Photo: Business Wire.FedEx has transported a family of giant pandas from the US to China onboard the “FedEx Panda Express”.The pandas - 25-year-old Mei Xiang, 26-year-old Tian Tian, and their three-year-old cub, Xiao Qi Ji - were transported from Washington Dulles International to Chengdu Shuangliu International Airport on a Boeing ...
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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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NewsAir cargo disruption continues in Israel but some carriers resume flights
Ben Gurion International Airport. Image source: Flik47/ ShutterstockSome airlines have resumed routes to Israel, however, the industry is still exercising caution as conflict continues between Israel and Hamas.FedEx has resumed its service to Israel, according to an October 12 service alert."FedEx International inbound and outbound service to and from Israel ...
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NewsFedEx to add new Dublin facility
Source: FedExFedEx Express Europe is building a new logistics facility close to Dublin Airport as it looks to cater for future growth and expedite operations.The new facility will have warehousing measuring 14,561 sq m and offer 30 loading bays for trucks and 137 loading bays for vans.It will be located ...
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Cargo carriers warn of disruption on Israel operations
Israel's Civil Aviation Authority (CAA) has said international flights continue to operate to and from Israel following attacks on the country by Hamas over the weekend.The CAA said that currently "the Israeli airlines are operating as usual". The organisation added that currently "there are still international flights to and from ...
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InsightsTop 25 air cargo carriers: Cargo airlines tackle tough times
Cargo carriers faced multiple challenges to business growth in 2022, a year that presented a dramatically different operating landscape to 2021 (full chart at end of article).2022 proved to be a testing year for air cargo carriers following the boom years of the pandemic.The start of the Ukraine-Russia war had ...
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NewsFedEx fights market weakness with continued cost cutting
FedEx said it has continued to focus on cost saving initiatives in response to weak express demand as it reported revenue of $21.7bn in its first quarter 2024, ended August 31.The company attributed a 19% improvement in reported net income to $1.1bn to its 'DRIVE' programme t0 improve operational efficiency ...
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NewsFedEx Express to build own facility at Istanbul Airport
Photo: FedExFedEx Express has signed an agreement to build a new package facility at Istanbul Airport, which will be completed in November next year.The US firm currently utilises a shared location at Istanbul Airport.With the new facility, FedEx aims to strengthen its presence at the airport by offering greater reliability ...
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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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NewsEx-Atlas chief Dietrich joins FedEx senior leadership team
John Dietrich. Photo: FedExFedEx has appointed John Dietrich as executive vice president and chief financial officer, effective August 1.Dietrich has more than 30 years of experience in the aviation and air cargo industries.He has held numerous leadership roles at Atlas Air Worldwide since 1999, including serving as president and chief ...