All FedEx Articles – Page 3
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News
Future of the 767F given a boost as US Senate backs emissions exemption
Production of the Boeing 767 freighter has been given a lifeline after the US Senate approved a bill that would exempt the aircraft from stricter emissions rules.The US is due to implement new aircraft efficiency rules from January 1 2028 which had called into question the future of the 767 ...
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News
FedEx 767-300ER freighter lands with nose-gear retracted at Istanbul
One of US express carrier FedEx’s Boeing 767-300ER freighters has been involved in a landing incident at Istanbul after its nose-gear failed to deploy.The aircraft was operating flight FX6238 from Paris Charles de Gaulle on May 8.Istanbul airport’s operator said that the twinjet experienced a “technical issue” which resulted in ...
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News
FedEx profits improve as cost cutting takes effect
FedEx saw its profits improve in the third quarter of its fiscal year despite revenues coming under pressure due to weak market conditions.The express giant saw its fiscal year third-quarter revenues decline by 2% year to $21.7bn, but operating income improved by 19% on last year to $1.2bn and net ...
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NewsFedEx expands Shenzhen airport facility
Photo: FedExFedEx Express has upgraded its Shenzhen Baoan International Airport gateway facility in Shenzhen, China by renovating and expanding the import warehouse to improve import operations and provide customs clearance efficiency for customers in the Southern China region.The import warehouse at the Shenzhen facility is now equipped with an advanced ...
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NewsTeesside International scoops FedEx flights
Tees Valley mayor Ben Houchen, Alun Cornish, Fed Ex and Teeside Internationa’s Phil Forster. Copyright: Tom Banks/Banks PhotoFedEx will switch its northeast England operation to Teesside International Airport after signing a five-year deal for an airfreight handling facility at the airport.The change will see the express giant move its eight ...
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NewsFedEx pilots request release from mediation
Source: Air Cargo NewsThe Air Line Pilots Association, Int’l (ALPA) – the largest airline pilot union in the world, and one that represents more than 77,000 pilots flying with 42 US and Canadian airlines – has confirmed that FedEx Express pilots that it represents have filed a request with the ...
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NewsFedEx Express opens regional headquarters
L to R: Png Cheong Boon, chairman, Economic Development Board (EDB), Richard Smith, president and chief executive, Airline and International, FedEx, Vivian Balakrishnan, Singapore’s Minister for Foreign Affairs, Raj Subramaniam, president and chief executive, FedEx, Jonathan Kaplan, U.S. Ambassador to Singapore, Kawal Preet, president, Asia Pacific, Middle East, and ...
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News
E-commerce continues to support air cargo growth
E-commerce was a boom vertical in the air cargo industry during the pandemic and demand has been a steady source of growth for airfreight companies since.Ahead of a more in-depth look at how the sector is evolving in our IATA WCS special issue, Air Cargo News spoke to FedEx and ...
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News
Gradual increase in airfreight expected as Red Sea crisis could last months
Scan Global Logistics expects a slow but steady increase in airfreight volumes amid predictions that the Red Sea conflict could last months.The logistics company said in a January 12 market update that there hasn't been a drastic increase in airfreight volumes as a result of the impact of the Red ...
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NewsDHL, FedEx and UPS face India competition probe
Source: Worawee Meepian/shutterstockDHL, FedEx and UPS are under investigation by the Competition Commission of India (CCI) over alleged antitrust violations.Newswire Reuters reported that the local units of the three express giants were the focus of an investigation following a complaint from the Federation of Indian Publishers.According to the report, the ...
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News
Liege cargo volumes slide in 2023 as FedEx switch takes its toll
Liege Airport saw its cargo volumes decline last year due to weak economic conditions and the restructuring of FedEx's network.Belgium's busiest cargo hub recorded cargo volumes of just over 1m tonnes last year, down 11.8% on 2022 levels. However, volumes are up on 2019's 902,480 tonnes.The airport attributed the decline ...
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News
FedEx pilots hit out at insulting job offer and disappointing management comments
FedEx Pilot representatives have expressed their disappointment at the latest round of talks over a new contract while labelling an offer to move to a regional airline as insulting.The Air Line Pilots Association, Int’l (ALPA) said it was disappointed to read "management’s comments made to a small group of pilots ...
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News
UPS to end day sort at Louisville facility as volumes weaken
UPS will cut the day sort at its Louisville Centennial Hub (LCH) in its latest response to weaker package volumes.The closure of the sort is expected to result in some job losses, although at this stage it is unclear how many positions will go.The LCH facility handles ground shipments while ...
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InsightsA new era for the Regional Air Cargo Carriers Association
The end of 2023 marked the end of an era. After two decades at the helm, Stan Bernstein, founding president of the US Regional Air Cargo Carriers Association (RACCA), handed over the baton to his successor, Jim Goddard of Cape Air. A lifelong aviation aficionado, Bernstein entered the industry as ...
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NewsAir Cargo News' most-read stories 2023
Photo: Khongtham/Shutterstock.The past 12 months have been another tough period for the air cargo market as a sluggish global economy transferred through to weak air cargo volumes.However, airfreight rates and revenues remained above pre-covid levels and e-commerce and other special product categories continued to support the market. There were also ...
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News
ECJ blocks UPS' claim for TNT deal damages
Europe's top court has rejected UPS' claims for damages of more than €1.7bn related to its failed takeover of TNT in 2013.The European Court of Justice this week rejected UPS' claim against the European Commission (EC) for compensation for the "economic losses allegedly suffered due to the unlawfulness" of the ...
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News
FedEx reorganises air network
FedEx will reorganise its air network to better suit the demands of various shipment types as part of efforts to cut costs.The company this week revealed that it would divide its air network into three sections; purple orange and white.The purple network will deliver high-priority, high-margin volumes through FedEx-owned aircraft ...
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NewsFedEx claws back costs in Q2 but Express suffers
FedEx's continuing work to trim costs within the business were evident in its second quarter 2024 results, although the Express segment suffered in particular.Total second quarter operating income for the period ended November 30 was $1.28bn, up 9%. Adjusted operating income increased by 17%.As with the previous quarter, FedEx said ...
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InsightsFedEx targets growth in the UK and Ireland
FedEx UK & Ireland is gearing up for growth at Stansted and Dublin as e-commerce demand continues to drive the need for investment.Speaking at Stansted Airport in the UK, Alun Cornish, managing director, ramp and gateways operations for Northern Europe at FedEx, revealed that the company had just implemented a ...
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NewsFedEx's Panda express heads to China
Photo: Business Wire.FedEx has transported a family of giant pandas from the US to China onboard the “FedEx Panda Express”.The pandas - 25-year-old Mei Xiang, 26-year-old Tian Tian, and their three-year-old cub, Xiao Qi Ji - were transported from Washington Dulles International to Chengdu Shuangliu International Airport on a Boeing ...