FedEx

Express logistics providers bet big on health care business

The big three integrated parcel and logistics carriers are aggressively targeting the high-margin health care vertical as a profit center, with DHL on Monday announcing a $2.2 billion investment over five years and FedEx expecting to capture $400 million in business from new health care customers.

Not to be outdone, UPS (NYSE: UPS) in January acquired Frigo-Trans and sister company BPL, which provide temperature-controlled warehousing and transportation in Europe for pharmaceutical and biotech...

https://www.freightwaves.com/news/express-logistics-providers-bet-big-on-health-care-business

FedEx 757 accident prompts NTSB call for door latch inspections

The National Transportation Safety Board has issued new safety recommendations to Boeing and the Federal Aviation Administration regarding evacuation slides on certain aircraft types.

The recommendations stem from an ongoing investigation into an emergency landing, involving a FedEx Boeing 757-200 in Chattanooga, Tennessee.

On Oct. 4, 2023, FedEx flight 1376 experienced a hydraulic system failure shortly after takeoff from Chattanooga Metropolitan Airport. The flight crew attempted an emergency...

https://www.freightwaves.com/news/fedex-757-accident-prompts-ntsb-call-for-door-latch-inspections

Q1 ends with thousands more freight layoffs

Freight-related layoffs across North America continue to mount, with companies citing economic uncertainty, tariffs, declining demand and rising production costs as reasons for the job cuts.

There have been 5,608 job cuts over the past several weeks, according to media reports and Worker Adjustment and Retraining Notification (WARN) Act notices.

Since Jan. 1, almost 23,000 freight-related job cuts have been announced, impacting workers in autos, food distribution, manufacturing, transportation...

https://www.freightwaves.com/news/q1-ends-with-thousands-more-freight-layoffs

FedEx introduces no-box, no-label returns 

Online retailers can make it easier for customers to return unwanted merchandise through a new program from FedEx that doesn’t require a label or box.

The service represents the latest response to shoppers’ expectations for flexible, convenient returns options as e-commerce continues to grow, and to UPS, which introduced a frictionless returns capability a year ago with the acquisition of Happy Returns.

The latest survey data shows return policies significantly influence shopping decisions. UPS (N...

https://www.freightwaves.com/news/fedex-introduces-no-box-no-label-returns

FedEx orders Boeing 777 and ATR cargo aircraft, delays MD-11 retirements

FedEx Corp. has exercised options to purchase eight additional Boeing 777 freighters from Boeing and pushed back retirement of the tri-engine MD-11 fleet in response to rising demand for international nonparcel freight service, the company said in third-quarter results.

On Friday, Toulouse, France-based ATR, a manufacturer of regional aircraft, announced that FedEx (NYSE: FDX) will acquire 10 extra ATR 72-600 turboprop freighter aircraft, with deliveries scheduled between 2027 and 2029.

FedEx...

https://www.freightwaves.com/news/fedex-orders-boeing-777-and-atr-cargo-aircraft-delays-md-11-retirements

FedEx prepping LTL unit ahead of spinoff

FedEx continues to pretty up the nation’s largest less-than-truckload business, FedEx Freight, ahead of a 2026 spinoff. However, a lackluster industrial complex continued to present a headwind during its recent fiscal quarter ended Feb. 28.

Revenue at FedEx Freight declined 5.3% year over year to $2.09 billion as tonnage fell 7.6% and revenue per hundredweight, or yield, increased just 2.2%. The tonnage decline was the combination of a 4.7% decline in shipments and a 3.1% decline in weight per...

https://www.freightwaves.com/news/fedex-prepping-ltl-unit-ahead-of-spinoff

FedEx dice que la incertidumbre económica desaceleran los paquetes y la demanda de flete

Las acciones de FedEx Corp. cayeron más del 5% en la negociación del mercado de accesorios el jueves después de que el gigante de la parcela integrado redujo su guía de todo el año para el tercer trimestre consecutivo debido a la intensificación de los vientos en contra y la incertidumbre en la...

https://fullavantenews.com/fedex-dice-que-la-incertidumbre-economica-desaceleran-los-paquetes-y-la-demanda-de-flete/?lang=es

FedEx says economic uncertainty slowing parcel and freight demand

FedEx Corp. shares fell more than 5% in aftermarket trading Thursday after the integrated parcel giant reduced its full-year guidance for the third consecutive quarter because of intensifying macroeconomic headwinds and uncertainty in the U.S. industrial economy, which are crimping higher margin B2B shipping services.

FedEx (NYSE: FDX) said it expects revenue to be flat to slightly down year over year from the previous outlook of flat revenue. The estimated range of earnings per share, excluding...

https://www.freightwaves.com/news/fedex-says-economic-uncertainty-slowing-parcel-and-freight-demand

El legislador culpa a la presión de FedEx, Trump Bungling por De Minimis U-Turn

La representante demócrata de los Estados Unidos, Rosa Delauro, criticó el miércoles al presidente Donald Trump por la descarga de la cancelación de los beneficios de importación para productos de comercio electrónico de bajo costo enviados desde China y sugirió que Fred Smith, presidente del...

https://fullavantenews.com/el-legislador-culpa-a-la-presion-de-fedex-trump-bungling-por-de-minimis-u-turn/?lang=es

Lawmaker blames FedEx pressure, Trump bungling for de minimis U-turn

Democratic U.S. Rep. Rosa DeLauro on Wednesday criticized President Donald Trump for flip-flopping on canceling import benefits for inexpensive e-commerce products shipped from China and suggested that Fred Smith, chairman of express delivery giant FedEx Corp., played a role in last week’s sudden reversal.

The Connecticut congresswoman and the National Council of Textile Organizations called on the Trump administration to go further and entirely ban de minimis – a mechanism that allows goods...

https://www.freightwaves.com/news/lawmaker-blames-fedex-pressure-trump-bungling-for-de-minimis-u-turn

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