All FedEx articles – Page 8
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NewsEast Midlands Airport calls on government to "unlock" its cargo potential
East Midlands Airport (EMA) wants the UK government to “unlock its potential” as a major airfreight hub, with management tabling five key policy requests to promote the cargo gateway’s fuure development.The airport, part of Manchester Airports Group (MAG), wants the government to set out clear policies to solidify its position ...
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Amazon to begin Anchorage cargo flights later this month
Amazon Air will begin flights to Ted Stevens Anchorage International Airport (ANC) on June 27.The airport announced last week that the carrier would begin services to the Alaskan hub utilising Boeing 767 freighter capacity.The airport said that it would result in Amazon Prime packages being delivered to Alaskans “a little ...
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FedEx breakup with Amazon a ‘watershed’ moment for express industry
FedEx’s decision to ditch its domestic US business with Amazon is a “watershed” moment that signals the emergence of the e-commerce giant as a significant player in the parcel industry.In a research note, investment bank Morgan Stanley said that the impact of the FedEx move should not be downplayed and ...
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FedEx ditches Amazon contract
FedEx has made the strategic decision to not renew the FedEx Express US domestic contract with Amazon in order to focus on serving the broader e-commerce market.The move comes after the e-commerce retail giant launched its own airfreight network three years ago through deals with Atlas Air and ATSG and ...
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Virgin Atlantic Cargo appoints Dsouza as account manager in Melbourne
Virgin Atlantic Cargo has appointed Bosco Dsouza as account manager, Melbourne, as the airline looks to build on the strong growth of its Australia cargo business in the past year.Tonnage rose 51% year-on-year and revenues climbed 58% alongside the expansion of Virgin Australia’s international presence and the opportunity to connect ...
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NewsEast Midlands Airport expands space for freighters
East Midlands Airport (EMA) is expanding the apron space for freighter aircraft as the UK cargo hub prepares for increased volumes driven by the e-commerce boom.The airport, whose freighter airline customers include Fed Ex/TNT, UPS and Royal Mail, is improving its infrastructure so that aircraft can load and unload more ...
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NewsUPU looks to solve e-commerce postal rules dispute
UPU Director General Bishar A. HusseinThe Universal Postal Union (UPU) has proposed three options it hopes will solve the current dispute over postal rules that mean Chinese e-commerce companies pay less than their rivals in some other countries.The dispute centres around UPU rules allowing the shipping costs for small packages ...
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FedEx Express to expand cargo footprint at Miami International
Parcel giant FedEx Express is to expand its logistics footprint at Miami International Airport (MIA), the fourth largest cargo hub in the US.Property company Aeroterm, which has developed a number of airport cargo facilities across the US, has reach an agreement with airport landlord Miami-Dade County for the expansion of ...
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FedEx warns of continuing weakness in global trade
FedEx reported fiscal third quarter financial results that were “below expectations” and has warned of continued weakness in global trade.The express firm registered an adjusted third-quarter net profit of $797m compared with $1bn a year earlier, while revenues edged up to $17bn from $16.5bn.“Our third quarter financial results were below ...
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NewsDon Colleran named president and CEO of FedEx Express
Don Colleran, FedExGlobal integrator FedEx Corp has appointed Don Colleran to the role of president and chief executive of FedEx Express, effective March 16.Jill Brannon will succeed him as executive vice president and chief sales officer of FedEx Corp.Colleran’s 30-year career with FedEx includes various sales roles as well as ...
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NewsFedEx names Raj Subramaniam as president and chief operating officer
Raj SubramaniamFedEx Corp has announced that Raj Subramaniam will become its president and chief operating officer as of March 1.The appointment of Subramaniam follows incumbent David Bronczek’s decision to retire as president and chief operating officer of the express services giant.Subramaniam, who has been with FedEx for more than 27 ...
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FedEx signs up for Bahrain airport's new cargo area
US parcel giant FedEx has signed a letter of intent for warehouse space at Bahrain International Airport’s (BIA) new 25,000 sq m cargo area, sited near the northern runway.The facility, which has two further tenants waiting in the wings, comprises warehouses, aircraft parking, and associated infrastructure aimed at handling air ...
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Video: Europe's FedEx Express boss on the importance of global trade
As the trade tariff dispute continues, a senior FedEx executive has warned that governments worldwide should not let "the desire for perfect trade agreements get in the way of better and stronger partnerships that create more opportunity".Bert Nappier, president of FedEx Express Europe and chief executive of TNT, expresses his ...
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FedEx to swoop on international express business of Israeli distribution firm
FedEx Express will acquire the international express business of Israeli logistics and distribution firm Flying Cargo Group.The announcement comes as Flying Cargo’s service agreement with FedEx Express is coming to an end.“Israel has been and remains an important market for FedEx, and our strong reputation in the market is built ...
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FedEx drops Cuba plans
FedEx has dropped plans to start a five-times-a-week freighter service between Miami and Matanzas/Varadero in Cuba.In a letter to the US Department of Transportation the express giant said it is returning its five-weekly frequencies "effective immediately" as it evaluates alternative all-cargo service options to Cuba.The express firm had applied for ...
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FedEx Q2 results tempered by European slowdown
FedEx saw second quarter revenues and profits improve in the midst of "another record setting holiday season" but its results were tempered by weakening conditions in Europe and China.The express giant saw total revenues for the period ended November increase by 9.2% year on year to $17.8bn and net income ...
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Amazon Air predicted to increasingly hit FedEx/UPS revenues
A report from investment bank Morgan Stanley has warned that the market is underestimating the risk that Amazon's air network poses to UPS and FedEx.The report suggests that Amazon's network is already having an impact on the two integrator's air volumes, with more erosion expected as services are expanded further.It ...
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Cunningham to retire from FedEx Express top job
FedEx Express president and chief executive David Cunningham will retire from the role on December 31.Raj Subramaniam, currently executive vice president, chief marketing and communications officer of FedEx Corporation, will succeed Cunningham.Cunningham began his FedEx career in 1982 in operations at the FedEx Express World Hub in Memphis, Tenn.Over his ...
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FedEx launches 4x week Singapore – Sydney service
FedEx Express (FedEx) has launched a new dedicated four times a week service between Sydney, Australia, and Singapore.The company says new flight is designed to meet customer demand for increased capacity, particularly for heavyweight shipments. Customers in Singapore and Australia will benefit from the increased capacity and reliability to transport ...
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FedEx buys Australian forwarder Manton Air-Sea
FedEx has acquired Sydney-based forwarder Manton Air Sea to operate as a subsidiary of the FedEx Trade Networks operating company.Richard Smith, president and chief executive, FedEx Trade Networks, said: “Adding Manton’s capabilities to FedEx Trade Networks and the broader FedEx portfolio will open up opportunities for us to continue to ...