All FedEx articles – Page 3
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News
US forwarders told to brace for UPS strike action disruption
US freight forwarders have been told to brace for the impact of potential strike action at UPS and major trucking firm Yellow Freight going insolvent.Brandon Fried, executive director of the Airforwarders Association, said that supply chains are facing a "perfect storm" that would disrupt the flow of goods across the ...
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News
FedEx swerves strike with union deal
FedX has reached a "tentative agreement" with its pilots on an amended collective bargaining deal to avoid a strike.The agreement follows ongoing discussions with FedEx Express pilots, represented by the Air Line Pilots Association, Int’l (ALPA), over their employment contracts.FedEx said on May 30: "We are pleased to have reached ...
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News
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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News
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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News
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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News
FedEx raises expectation as cost cutting continues
FedEx saw fiscal third-quarter revenues and profits fall on last year but the company beat expectations and has raised its outlook as its cost-cutting measures continue.For the quarter ending February 28, the parcels giant reported a 5.9% year-on-year revenue decrease to $22.bn, operating income was down 24.5% to $1bn and ...
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News
Mountain Air Cargo launches first ATR 72-600 freighter
US-based express cargo carrier Mountain Air Cargo has launched its first ATR 72-600 freighter.The ATR 72-600F made its debut on March 6, flying from New Bern, North Carolina to Raleigh, North Carolina.Mountain Air Cargo said: “We are excited to provide containerised service that comes with the versatility of the new ...
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Insights
Putzger perspective: Air cargo navigates stormy skies
Recent months have been relentlessly tough to navigate for air cargo carriers, as imploding demand has yanked rates and yields out of the stratosphere to levels last seen before the pandemic.The reverberations are taking a toll on capacity expansion, as operators are having second thoughts on their anticipated need for ...
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News
FedEx faces threat of pilot strike
The FedEx Express Master Executive Council (MEC) of the Air Line Pilots Association, Int’l (ALPA) has unanimously approved a resolution setting the stage for a strike authorisation vote.Contract negotiations between the pilots and FedEx management have stalled, and no future talks are scheduled, said ALPA in a press release on ...
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News
Liege Airport's cargo volumes take a hit
Liege Airport registered a double-digit percentage decline in air cargo volumes last year as the loss of a large customer and the resumption of bellyhold operations elsewhere took their toll.The airport handled 1.1m tonnes of freight last year, which is 19.3% down on the 1.4m tonnes processed in 2021.The airport ...
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News
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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News
FedEx predicts soft peak season for e-commerce in Europe
Express giant FedEx is predicting a soft peak season for e-commerce volumes in Europe due to economic pressures.The company said that last year it shipped more than 11m e-commerce parcels across Europe, which was 15% up on an already strong 2021, but this year volumes are expected to drop.Karen Reddington, ...
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NewsFedEx Express opens new Incheon gateway
Inage source: FedExFedEx Express is bolstering support for cross-border trade, e-commerce growth and pharma logistics in South Korea with the launch of its new gateway at Incheon International Airport.The FedEx Gateway spans 23,395 sq m, more than double the size of the previous facility, and is equipped with 78 conveyor ...
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News
FedEx plays its part to aid the global economy
A new report looking at FedEx’s impact on the global economy found the company has played an important role in helping businesses recover from the Covid pandemic while they work to overcome strained supply chains and the many economic challenges that they face.With FedEx having an average of 16m shipments ...
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News
FedEx establishes direct presence in Cambodia
FedEx Express is establishing a direct commercial presence in Cambodia, as the Southeast Asian country’s economic recovery gathers speed, with exports up 20% over last year to $27bn in the first half of 2022.Kawal Preet, president of the Asia Pacific, Middle East, and Africa, FedEx Express, said: “FedEx continues to ...
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News
FedEx pilot negotiations head to mediation as peak season approaches
FedEx Express pilots along with the firm's management have filed for federal mediation to resolve contract negotiations, with peak season just around the corner.Union Air Line Pilots Association (ALPA) said negotiations had been ongoing since May 2021 and last week 100 off-duty FedEx pilots held an informational picket at the ...
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InsightsTop 25 air cargo carriers rise to supply chain challenge
IATA World Air Transport Statistics (WATS) data shows the top 25 cargo airlines last year succeeded in delivering on an appetite for air cargo, despite limited capacity, staff shortages and pandemic-related congestion and constraints throughout the supply chain.Traffic in scheduled cargo tonne km (CTK) terms increased by 18.7% year on ...
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News
FedEx scales back operations following disappointing Q1 2022 results
A drop in volumes and economic volatility "adversely impacted" FedEx's results for the fiscal first quarter ended August 31, prompting the transport company to implement cost reduction initiatives.The company expects business conditions to weaken further in the second quarter.While revenue figures were up on last year, the company said they ...
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NewsMountain Air Cargo plans to add ATR-72-600F
Photo: ATR/ Lagenfeld Pierre-EtienneMountain Air Cargo has requested US Department of Transportation authorisation to operate large aircraft and plans to add a ATR-72-600F freighter to its fleet.The application document was published on Thursday August 11 and states operations by the US-based express cargo carrier are due to be carried out ...
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FedEx to expand Asia Pacific hub to meet long-term growth
FedEx Express will build a new express centre at Guangzhou Baiyun International Airport as part of its long-term expansion plans.The company has signed an agreement with Guangdong Airport Authority Logistics Company to build a 41,000 sq m facility that will more than double the size of its current gateway at ...