All FedEx Corp Articles
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NewsFedEx reduces transpacific capacity as tariffs hit demand
Express giant reduces own-controlled transpacific capacity by 25% year-on-year as US tariffs on Chinese e-commerce shipments dampen demand
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NewsFedEx retires aircraft as it faces volatile demand environment
FedEx retired 12 aircraft in its fiscal fourth quarter as the company sought to align network capacity with anticipated demand
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NewsFedEx celebrates 40 years of scheduled transatlantic services
FedEx Express, a subsidiary of FedEx Corp, is celebrating the 40th anniversary of its inaugural scheduled transatlantic service
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NewsFedEx orders more freighters as revenues improve in Q3
Express giant FedEx has announced the order of eight Boeing 777 freighters and 10 ATR 72-600 turboprops as third-quarter profits and revenues both improved
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NewsFedEx axes 22 757 freighters as express profits remain under pressure
FedEx revealed in its fiscal fourth-quarter results that it has retired 22 of its Boeing 757 freighters as it looks to better match capacity to market demand. The move sees the express giant reduce its 757F fleet to 92 aircraft as of May 31, compared with 115 at the same ...
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FedEx plans to cut up to 2,000 jobs in Europe
FedEx is planning to cut thousands of jobs in Europe as it continues to struggle with sluggish market conditions.The express giant said that it would let go between 1,700 and 2,000 members of its back-office team on the continent - around 3-4% of its 52,000 European employees.It hopes the move ...
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FedEx to ground more planes as profits come under pressure
Express giant FedEx will ground more aircraft after both revenues and operating income declined during its fiscal fourth quarter of the year due to "demand weakness and cost inflation".In a results call, FedEx Corporation president and chief executive Raj Subramaniam said that the company had retired 18 aircraft, including 12 ...
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FedEx to consolidate operating companies to cut costs
Express giant FedEx has unveiled plans to consolidate its various divisions as part of efforts to generate cost savings of $4bn.The company intends to bring FedEx Express, FedEx Ground, FedEx Services, and other FedEx operating companies into the Federal Express Corporation, becoming a single company operating a "unified, fully integrated ...
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NewsFedEx teams up with Direct Relief for Ukraine aid flight
Source: FedExFedEx and charity Direct Relief worked together to fly 52 tons of medical equipment to Poland to support refugees from the war in Ukraine.The aid was transported on a FedEx Express Boeing B777 freighter on June 26 and included emergency medicines and supplies, including health kits, trauma and wound ...
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FedEx expects slow recovery in bellyhold capacity and lower growth
FedEx yesterday reported its full financial year results and outlined expectations of ongoing supply chain disruption, a slow return of air bellyhold capacity and lower growth levels for the coming fiscal year.In the fiscal year ending May 31, the express giant saw revenues increase by 11.3% year on year to ...
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NewsNew chief executive for FedEx as founder Smith takes new role
FedEx Corp will gain a new chief executive in June when Raj Subramaniam steps up to take over from company founder Fred Smith.Effective June 1, current chairman and chief executive Fred Smith will become executive chairman. Meanwhile, current president and chief operating officer Raj Subramaniam will be promoted to president ...