FedEx Logistics

FedEx expands no-box, no-label returns program

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The FedEx program will accept unboxed, unlabeled returns, then consolidate returned items and ship...

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

FedEx Logistics charters vessels to move China exports, rail containers

A truck backs up to a vessel so the container can be lifted off and loaded.

The freight logistics arm of FedEx has chartered three small vessels to deliver specialized intermodal containers and goods made in China to a small port in California to bypass congestion at the ports of Los Angeles and Long Beach, the company announced late Thursday.

The vessels will use the Port of Hueneme, about 60 miles north of the LA-Long Beach complex, to discharge their loads. 

FedEx Logistics is renting dedicated vessels so it can transport 53-foot containers manufactured in China that...

https://www.freightwaves.com/news/fedex-logistics-charters-vessels-to-move-china-exports-rail-containers

Baltimore’s ‘inland’ port takes shape on e-commerce demand

Tradepoint Atlantic

Evidence of what was once the largest steel plant on the U.S. East Coast has rapidly disappeared as distribution centers begin to cover the 3,300-acre site near Baltimore.

Six years ago, industrial real estate developers Hilco Real Estate and Redwood Capital Investments acquired the former Bethlehem Steel plant property at Sparrows Point, Maryland, and began to transform the site through their joint venture, Tradepoint Atlantic.

After several years of remediation, the first distribution centers...

https://s29755.pcdn.co/news/baltimores-inland-port-takes-shape-on-e-commerce-demand

Borderlands: FedEx Logistics expands in El Paso; Stanley Black and Decker picks Mexico for new plant

FedEx Logistics adds Foreign Trade Zone in El Paso

FedEx Logistics is expanding its footprint of Foreign Trade Zones (FTZ) with a new location in El Paso, Texas.

The site is the latest FTZ facility to be opened by FedEx Logistics, adding to existing locations in Los Angeles, New York, Dallas and Chicago. FedEx Logistics is a subsidiary of Memphis, Tennessee-based FedEx Corp. (NYSE: FDX).

The new FTZ in El Paso will be used to streamline the transportation of international raw materials and...

https://s29755.pcdn.co/news/borderlands-fedex-logistics-expands-in-el-paso-texas-stanley-black-and-decker-picks-mexico-for-new-plant

FedEx to take $370 million hit to close fiscal 2020

FedEx Freight rig on road

FedEx Corp. (NYSE: FDX) announced that it would take $370 million in noncash goodwill impairment charges primarily related to its 2004 acquisition of Kinko’s, now known as FedEx Office.

In the late Friday filing with the U.S. Securities and Exchange Commission, the Memphis, Tennessee-based transportation and logistics giant reported it would be taking a $348 million charge related to “declining print revenue and temporary store closures at FedEx Office.” COVID-19 was cited as the reason for...

https://s29755.pcdn.co/news/fedex-to-take-370-million-hit-to-close-fiscal-2020