FedEx Office

FedEx Office ends SameDay City delivery service

FedEx Office, a unit of FedEx Corp., said Friday it is retiring its SameDay City delivery service after a decade in operation.

A FedEx (NYSE: FDX) spokesman said that FedEx Office decided to “prioritize several other opportunities for growth” as the reason it closed the operation.

SameDay City served more than 30 U.S. cities. FedEx did not disclose any financial information on the service.

FedEx Express and FedEx Ground, FedEx’s main units, will continue to provide a range of same-day delivery...

https://www.freightwaves.com/news/fedex-office-ends-sameday-city-delivery-service

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