All TNT Express articles – Page 2
-
News
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 ...
-
News
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 ...
-
News
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 ...
-
News
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 ...
-
News
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 ...
-
News
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, ...
-
News
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 ...
-
News
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 ...
-
News
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 ...
-
News
UPS sues EC for €1.7bn over blocked TNT takeover
UPS is suing the European Commission for €1.7bn over its decision to block the takeover of TNT in 2013, a decision that was later overturned.In court documents seen by Air Cargo News, the express giant claims the European Commission should compensate it for damages incurred by the decision to block ...
-
News
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 ...
-
News
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 ...
-
News
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 ...
-
News
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 ...
-
News
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% ...
-
News
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 ...
-
News
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 ...
-
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 ...
-
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 ...
-
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 ...