FedEx

Amazon taps FedEx for big-and-bulky residential deliveries

Six years after breaking up, Amazon and FedEx are back together. The retail giant has reached a long-term agreement with FedEx to provide limited residential package delivery, the companies have confirmed.

Amazon (NASDAQ: AMZN) recently added FedEx (NYSE: FDX) to its roster of vendors providing last-mile transportation of goods purchased on its marketplace, Amazon said in a statement provided by spokesman Steve Kelly. “FedEx joins our other third-party partners, like UPS and the U.S. Postal...

https://www.freightwaves.com/news/amazon-taps-fedex-for-big-and-bulky-residential-deliveries

Driverless-truck lobby urges federal action toward full autonomy

WASHINGTON — A truck industry lobbying group is urging the Trump administration to modify and streamline federal regulations to spark deployment of driverless trucks on the nation’s highways.

The Autonomous Vehicle Industry Association (AVIA), whose members include autonomous truck tech companies Aurora (NASDAQ: AUR), Kodiak and Plus, as well as FedEx (NYSE: FDX), told the U.S. Department of Transportation that making changes to the current regulations to remove hurdles to deploying driverless...

https://www.freightwaves.com/news/driverless-truck-lobby-urges-federal-action-toward-full-autonomy

Trump supports FedEx official for Postal Service chief, report says

The U.S. Postal Service’s governing board plans to select FedEx board member and former Waste Management CEO David Steiner as the next postmaster general after he was approved by President Donald Trump, according to an exclusive report by The Washington Post.

The newspaper said FedEx, which competes and partners with the Postal Service on package delivery, pushed Steiner before the White House as a candidate for the job. Last year, the mail service replaced FedEx with UPS on a major contract to...

https://www.freightwaves.com/news/trump-supports-fedex-official-for-postal-service-chief-report-says

FedEx converts parcel freighter to heavy cargo operation

FedEx has redeployed another large freighter from its overnight parcel network to its daytime operation focused on deferred cargo as it pursues more business from freight forwarders.

The integrated parcel logistics company last week announced that it has added a nonstop flight between Liège, Belgium, and its global hub in Memphis, Tennessee, utilizing a Boeing 777 freighter aircraft. The new flight increases frequency on the route from five to eight times per week.

The 777’s redeployment is part...

https://www.freightwaves.com/news/fedex-converts-parcel-freighter-to-heavy-cargo-operation

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

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