All FedEx articles – Page 9
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NewsTop 25 Cargo Airlines 2017: FedEx leads the pack while Qatar edges higher
FedEx extended its position as the world’s busiest freight-parcel carrier in 2017 (see table at end of article), while Emirates maintained its lead in terms of pure cargo despite Qatar Airways rapidly closing the gap on its Middle East rival.As expected, the latest figures from IATA’s World Air Transport Statistics ...
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Healy becomes regional chief operating officer at FedEx Express Europe
FedEx Express has confirmed that Sean Healy is to become the regional chief operating officer of FedEx Express Europe.Healy is to take over from Michael Holt, who will retire by the end of this month (September).Holt is staying on until the end of the month to assist with the transition.A ...
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FedEx revenues and profits on the up in fiscal Q1
FedEx saw revenues and profits increase by double-digit percentages during its fiscal first quarter as higher volumes, improved yields and lower fuel costs benefitted the company.During the June-August period, the express giant recorded a revenue increase of 11% year on year to $17bn, while operating income improved by 10% to ...
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FedEx Express expands at SBD International Airport
The San Bernardino International Airport Authority and FedEx Express have agreed to begin regular scheduled air cargo flights into the hub.In conjunction with the new daily flights, which will begin in October, FedEx will occupy a 57,000 sq ft facility under a 10-year agreement."The activity at SBD International Airport will ...
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FedEx the latest to add a freighter service to Vietnam
FedEx is the latest freighter operator to add a new service to Vietnam as it looks to capitalise on an up and coming trade deal between the Southeast Asian country and the European Union (EU).The new four-times-per-week service will fly between the Vietnamese capital Hanoi and the FedEx Express hub ...
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FedEx in $6.6bn order for B767 and B777 freighters
US parcels giant FedEx Express has placed a new order for 12 Boeing 767 freighters and 12 Boeing 777 freighters, with a combined list price value of $6.6bn.The B777Fs will be delivered between fiscal 2021 and 2025. The B767Fs will be delivered between fiscal 2020 and 2022."We are taking another ...
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VIDEO: Apollo 11 goes on tour with FedEx
Having made it to Moon and back in July 1969, the Apollo 11 Command Module has just a little further to travel – thanks to FedEx’s Custom Critical service.Between now and September 2019, the Columbia module is making a tour of four cities – Houston, Saint Louis, Pittsburgh and Seattle ...
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John Smith to head up FedEx Freight after Ducker's retirement
FedEx has named John Smith as president and chief executive of FedEx Freight effective August 16.Smith currently serves as senior vice president of operations at FedEx Freight and will succeed Michael Ducker, whose pending retirement was announced earlier this month. A 32-year veteran of the transportation industry, Smith joined FedEx ...
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FedEx to link Guangzhou and Memphis hubs
FedEx Express has launched a new route connecting its Asia Pacific hub in Guangzhou with its global Memphis hub.Initially, an MD-11 freighter is being used for the five-times-per-week route, but it will be replaced with a B777 freighter in May, to meet increasing shipping demand.In April, the flight departing from ...
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FedEx Freight’s Mike Ducker to bow out
Mike Ducker, president and chief executive of Fedex’s forwarding arm, FedEx Freight, is to retire on August 15. Ducker, a 40-year FedEx veteran, took the helm at FedEx Freight in 2014. His successor will be named later.FedEx Corporation chairman and chief executive Fred Smith said: “For more than 43 years, ...
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FedEx buys UK e-commerce specialist P2P for £92m
US parcels giant FedEx Corp has boosted its e-commerce presence after acquiring UK-based P2P Mailing for £92m.FedEx said in a statement that P2P provides customers with "unique last-mile delivery options, leveraging its relationships with private, postal, retail and clearance providers in over 200 countries."P2P, headquartered in south east London, has ...
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FedEx reports mixed third-quarter financial year results
FedEx has reported financial results for the third quarter of its current financial year, the three months that ended on February 28.Revenue was up to $16.5bn from $15bn in the same quarter of 2017, while operating income fell very slightly to $1bn.According to Frederick Smith, FedEx Corp chairman and chief ...
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FedEx to spend $1bn on Memphis hub
FedEx is to invest over $1bn in its Memphis hub, the project including construction of a new sort facility with state-of-the-art sort systems, construction of a bulk truckload building and a new area to improve handling of the oversized shipments that have increased with the growth in e-commerce.Chairman and chief ...
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FedEx trumpets $1.5bn investment in Indianapolis hub
FedEx is to investing $1.5bn to "significantly expand" the FedEx Express Indianapolis hub over the next seven years as part of a three-pronged pay, pension fund and infrastructure investment package outlined today.The US parcel and logistics giant's Memphis SuperHub will also be modernised and enlarged in a major programme, the ...
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FedEx's Binks to retire in June
David Binks, FedEx Express Europe president and chief executive of TNT, will retire in June to be succeeded by Bert Nappier, currently FedEx Express senior vice president of finance - international.Binks, who started with FedEx in 1983 as part of an acquisition in the UK, rose through the ranks, leading ...
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FedEx expands freight forwarding business
FedEx is expanding freight forwarding division, FedEx Trade Networks, with the addition of its speciality logistics and e-commerce solutions businesses from March.FedEx Trade Networks (FTN), which is led by Richard Smith, son of FedEx founder Fred Smith, will include a new company called FedEx Forward Depots, with responsibility for critical ...
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FedEx opens new Shanghai hub to meet express growth
FedEx has opened its Shanghai International Express and Cargo Hub located at Pudong International Airport as it looks to expand the reach of service.FedEx said that the facility provides "greater connectivity and convenience to the FedEx global network and overseas markets for customers in eastern China, particularly those shipping to ...
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FedEx optimistic on air cargo and US tax reforms
FedEx is expecting another year of air cargo growth, while it also expects to benefit from US tax reforms that were passed yesterday by the Senate.The express giant yesterday reported second-quarter fiscal results, with revenues increasing 9.4% to $16.3bn, operating income up 7.7% to $1.3bn and net income improving 10.7% ...
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FedEx ready for the Christmas rush
FedEx expects says it expects to handle 380-400million packages on its global network between Black Friday (24 November) and Christmas Eve.It also predicts that it will more than double its average daily volume of 13 million shipments on three Mondays over the Christmas period.It attributes the surge to e-commerce-savvy consumers ...
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FedEx to be launch customer for new Cessna turboprop
FedEx Express is to be the launch customer for a new Cessna twin-engine turboprop aircraft.The express giant has signed a deal with Cessna parent company, Textron Aviation, for 50 SkyCourier 408 aircraft, with options for a further 50.The new aircraft, described as a development of the single-engined Cessna Caravan, is ...