All FedEx Articles – Page 4
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NewsFedEx adds extra capacity between Vietnam and Europe
Source: FedExFedEx is expanding its presence between Vietnam and Europe with the addition of four weekly flights.The new Boeing 767 freighter flights will operate out of Ho Chi Minh City and connect with Europe in Paris CDG, Liege and Cologne through the express firm's Asia Pacific hub in Guangzhou.The flights ...
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NewsAir cargo disruption continues in Israel but some carriers resume flights
Ben Gurion International Airport. Image source: Flik47/ ShutterstockSome airlines have resumed routes to Israel, however, the industry is still exercising caution as conflict continues between Israel and Hamas.FedEx has resumed its service to Israel, according to an October 12 service alert."FedEx International inbound and outbound service to and from Israel ...
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NewsFedEx to add new Dublin facility
Source: FedExFedEx Express Europe is building a new logistics facility close to Dublin Airport as it looks to cater for future growth and expedite operations.The new facility will have warehousing measuring 14,561 sq m and offer 30 loading bays for trucks and 137 loading bays for vans.It will be located ...
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News
Cargo carriers warn of disruption on Israel operations
Israel's Civil Aviation Authority (CAA) has said international flights continue to operate to and from Israel following attacks on the country by Hamas over the weekend.The CAA said that currently "the Israeli airlines are operating as usual". The organisation added that currently "there are still international flights to and from ...
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InsightsTop 25 air cargo carriers: Cargo airlines tackle tough times
Cargo carriers faced multiple challenges to business growth in 2022, a year that presented a dramatically different operating landscape to 2021 (full chart at end of article).2022 proved to be a testing year for air cargo carriers following the boom years of the pandemic.The start of the Ukraine-Russia war had ...
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NewsFedEx fights market weakness with continued cost cutting
FedEx said it has continued to focus on cost saving initiatives in response to weak express demand as it reported revenue of $21.7bn in its first quarter 2024, ended August 31.The company attributed a 19% improvement in reported net income to $1.1bn to its 'DRIVE' programme t0 improve operational efficiency ...
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NewsFedEx Express to build own facility at Istanbul Airport
Photo: FedExFedEx Express has signed an agreement to build a new package facility at Istanbul Airport, which will be completed in November next year.The US firm currently utilises a shared location at Istanbul Airport.With the new facility, FedEx aims to strengthen its presence at the airport by offering greater reliability ...
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News
Blow to FedEx as pilots vote down latest pay offer
FedEx pilots have voted against the latest contract offer from bosses at the express giant.The pilots yesterday rejected a tentative agreement with the company by a vote of 57% to 43%.The agreement includes a 30% pay increase and a 30% increase to the pilots’ legacy pension.In June, the deal was ...
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NewsEx-Atlas chief Dietrich joins FedEx senior leadership team
John Dietrich. Photo: FedExFedEx has appointed John Dietrich as executive vice president and chief financial officer, effective August 1.Dietrich has more than 30 years of experience in the aviation and air cargo industries.He has held numerous leadership roles at Atlas Air Worldwide since 1999, including serving as president and chief ...
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News
US forwarders told to brace for UPS strike action disruption
US freight forwarders have been told to brace for the impact of potential strike action at UPS and major trucking firm Yellow Freight going insolvent.Brandon Fried, executive director of the Airforwarders Association, said that supply chains are facing a "perfect storm" that would disrupt the flow of goods across the ...
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News
FedEx swerves strike with union deal
FedX has reached a "tentative agreement" with its pilots on an amended collective bargaining deal to avoid a strike.The agreement follows ongoing discussions with FedEx Express pilots, represented by the Air Line Pilots Association, Int’l (ALPA), over their employment contracts.FedEx said on May 30: "We are pleased to have reached ...
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News
FedEx says strike plans have "no impact" on business
FedEx has stressed recent strike discussions have had "no impact on our service".On May 17, FedEx Express pilots, represented by the Air Line Pilots Association, Int’l (ALPA), voted to authorise a strike.The FedEx Express Master Executive Council (MEC) of ALPA unanimously approved a resolution setting the stage for a strike ...
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News
FedEx pilot strike woes continue
FedEx could soon be under pressure to keep its freighters in the air with pilots considering strike action.FedEx Express pilots, represented by the Air Line Pilots Association, Int’l (ALPA), have announced that the voting window for a strike authorisation ballot will open on April 18."Mediated negotiations for a new employment ...
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News
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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News
FedEx raises expectation as cost cutting continues
FedEx saw fiscal third-quarter revenues and profits fall on last year but the company beat expectations and has raised its outlook as its cost-cutting measures continue.For the quarter ending February 28, the parcels giant reported a 5.9% year-on-year revenue decrease to $22.bn, operating income was down 24.5% to $1bn and ...
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News
Mountain Air Cargo launches first ATR 72-600 freighter
US-based express cargo carrier Mountain Air Cargo has launched its first ATR 72-600 freighter.The ATR 72-600F made its debut on March 6, flying from New Bern, North Carolina to Raleigh, North Carolina.Mountain Air Cargo said: “We are excited to provide containerised service that comes with the versatility of the new ...
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Insights
Putzger perspective: Air cargo navigates stormy skies
Recent months have been relentlessly tough to navigate for air cargo carriers, as imploding demand has yanked rates and yields out of the stratosphere to levels last seen before the pandemic.The reverberations are taking a toll on capacity expansion, as operators are having second thoughts on their anticipated need for ...
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News
FedEx faces threat of pilot strike
The FedEx Express Master Executive Council (MEC) of the Air Line Pilots Association, Int’l (ALPA) has unanimously approved a resolution setting the stage for a strike authorisation vote.Contract negotiations between the pilots and FedEx management have stalled, and no future talks are scheduled, said ALPA in a press release on ...
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News
Liege Airport's cargo volumes take a hit
Liege Airport registered a double-digit percentage decline in air cargo volumes last year as the loss of a large customer and the resumption of bellyhold operations elsewhere took their toll.The airport handled 1.1m tonnes of freight last year, which is 19.3% down on the 1.4m tonnes processed in 2021.The airport ...
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News
FedEx Express is pain point for FedEx in second quarter
FedEx faced continued weak market demand for air cargo in the second quarter with FedEx Express a particular pain point.In the second quarter ended November 30, the transport company said previously implemented cost reduction measures helped soften the blow of reduced FedEx Express revenue.Second quarter fiscal 2023 revenue was $22.8bn ...