All FedEx Articles – Page 10
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FedEx signs up for Bahrain airport's new cargo area
US parcel giant FedEx has signed a letter of intent for warehouse space at Bahrain International Airport’s (BIA) new 25,000 sq m cargo area, sited near the northern runway.The facility, which has two further tenants waiting in the wings, comprises warehouses, aircraft parking, and associated infrastructure aimed at handling air ...
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Video: Europe's FedEx Express boss on the importance of global trade
As the trade tariff dispute continues, a senior FedEx executive has warned that governments worldwide should not let "the desire for perfect trade agreements get in the way of better and stronger partnerships that create more opportunity".Bert Nappier, president of FedEx Express Europe and chief executive of TNT, expresses his ...
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FedEx to swoop on international express business of Israeli distribution firm
FedEx Express will acquire the international express business of Israeli logistics and distribution firm Flying Cargo Group.The announcement comes as Flying Cargo’s service agreement with FedEx Express is coming to an end.“Israel has been and remains an important market for FedEx, and our strong reputation in the market is built ...
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FedEx drops Cuba plans
FedEx has dropped plans to start a five-times-a-week freighter service between Miami and Matanzas/Varadero in Cuba.In a letter to the US Department of Transportation the express giant said it is returning its five-weekly frequencies "effective immediately" as it evaluates alternative all-cargo service options to Cuba.The express firm had applied for ...
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FedEx Q2 results tempered by European slowdown
FedEx saw second quarter revenues and profits improve in the midst of "another record setting holiday season" but its results were tempered by weakening conditions in Europe and China.The express giant saw total revenues for the period ended November increase by 9.2% year on year to $17.8bn and net income ...
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Amazon Air predicted to increasingly hit FedEx/UPS revenues
A report from investment bank Morgan Stanley has warned that the market is underestimating the risk that Amazon's air network poses to UPS and FedEx.The report suggests that Amazon's network is already having an impact on the two integrator's air volumes, with more erosion expected as services are expanded further.It ...
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Cunningham to retire from FedEx Express top job
FedEx Express president and chief executive David Cunningham will retire from the role on December 31.Raj Subramaniam, currently executive vice president, chief marketing and communications officer of FedEx Corporation, will succeed Cunningham.Cunningham began his FedEx career in 1982 in operations at the FedEx Express World Hub in Memphis, Tenn.Over his ...
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FedEx launches 4x week Singapore – Sydney service
FedEx Express (FedEx) has launched a new dedicated four times a week service between Sydney, Australia, and Singapore.The company says new flight is designed to meet customer demand for increased capacity, particularly for heavyweight shipments. Customers in Singapore and Australia will benefit from the increased capacity and reliability to transport ...
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FedEx buys Australian forwarder Manton Air-Sea
FedEx has acquired Sydney-based forwarder Manton Air Sea to operate as a subsidiary of the FedEx Trade Networks operating company.Richard Smith, president and chief executive, FedEx Trade Networks, said: “Adding Manton’s capabilities to FedEx Trade Networks and the broader FedEx portfolio will open up opportunities for us to continue to ...
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NewsTop 25 Cargo Airlines 2017: FedEx leads the pack while Qatar edges higher
FedEx extended its position as the world’s busiest freight-parcel carrier in 2017 (see table at end of article), while Emirates maintained its lead in terms of pure cargo despite Qatar Airways rapidly closing the gap on its Middle East rival.As expected, the latest figures from IATA’s World Air Transport Statistics ...
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Healy becomes regional chief operating officer at FedEx Express Europe
FedEx Express has confirmed that Sean Healy is to become the regional chief operating officer of FedEx Express Europe.Healy is to take over from Michael Holt, who will retire by the end of this month (September).Holt is staying on until the end of the month to assist with the transition.A ...
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FedEx revenues and profits on the up in fiscal Q1
FedEx saw revenues and profits increase by double-digit percentages during its fiscal first quarter as higher volumes, improved yields and lower fuel costs benefitted the company.During the June-August period, the express giant recorded a revenue increase of 11% year on year to $17bn, while operating income improved by 10% to ...
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FedEx Express expands at SBD International Airport
The San Bernardino International Airport Authority and FedEx Express have agreed to begin regular scheduled air cargo flights into the hub.In conjunction with the new daily flights, which will begin in October, FedEx will occupy a 57,000 sq ft facility under a 10-year agreement."The activity at SBD International Airport will ...
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FedEx the latest to add a freighter service to Vietnam
FedEx is the latest freighter operator to add a new service to Vietnam as it looks to capitalise on an up and coming trade deal between the Southeast Asian country and the European Union (EU).The new four-times-per-week service will fly between the Vietnamese capital Hanoi and the FedEx Express hub ...
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FedEx in $6.6bn order for B767 and B777 freighters
US parcels giant FedEx Express has placed a new order for 12 Boeing 767 freighters and 12 Boeing 777 freighters, with a combined list price value of $6.6bn.The B777Fs will be delivered between fiscal 2021 and 2025. The B767Fs will be delivered between fiscal 2020 and 2022."We are taking another ...
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VIDEO: Apollo 11 goes on tour with FedEx
Having made it to Moon and back in July 1969, the Apollo 11 Command Module has just a little further to travel – thanks to FedEx’s Custom Critical service.Between now and September 2019, the Columbia module is making a tour of four cities – Houston, Saint Louis, Pittsburgh and Seattle ...
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John Smith to head up FedEx Freight after Ducker's retirement
FedEx has named John Smith as president and chief executive of FedEx Freight effective August 16.Smith currently serves as senior vice president of operations at FedEx Freight and will succeed Michael Ducker, whose pending retirement was announced earlier this month. A 32-year veteran of the transportation industry, Smith joined FedEx ...
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FedEx to link Guangzhou and Memphis hubs
FedEx Express has launched a new route connecting its Asia Pacific hub in Guangzhou with its global Memphis hub.Initially, an MD-11 freighter is being used for the five-times-per-week route, but it will be replaced with a B777 freighter in May, to meet increasing shipping demand.In April, the flight departing from ...
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FedEx Freight’s Mike Ducker to bow out
Mike Ducker, president and chief executive of Fedex’s forwarding arm, FedEx Freight, is to retire on August 15. Ducker, a 40-year FedEx veteran, took the helm at FedEx Freight in 2014. His successor will be named later.FedEx Corporation chairman and chief executive Fred Smith said: “For more than 43 years, ...
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FedEx buys UK e-commerce specialist P2P for £92m
US parcels giant FedEx Corp has boosted its e-commerce presence after acquiring UK-based P2P Mailing for £92m.FedEx said in a statement that P2P provides customers with "unique last-mile delivery options, leveraging its relationships with private, postal, retail and clearance providers in over 200 countries."P2P, headquartered in south east London, has ...