All FedEx Articles – Page 6
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News
FedEx Trade Networks opts for Cargowise solution
Freight forwarder FedEx Trade Networks will utilise WiseTech Global’s CargoWise digital platform for its ocean and air transportation network.FedEx said the new platform will provide "end-to-end visibility into the movement of shipments in real time" and provide freight management from a single source "enabling digital development with improved data integration, ...
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FedEx expands Paris CDG intra-European capacity
FedEx Express has expanded its intra-European air network and will also introduce extra transatlantic capacity for the peak season.The express firm introduced its additional European flights in a phased approach starting September.The flights will increase connectivity at the firm's Paris CDG hub.The additional flights include Paris CDG-Kiev, adding 68,000 kg ...
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NewsFedEx adds Europe-Japan flights to meet demand
Source: FedExFedEx Express has launched a new B777 freighter service between Europe and Japan as demand from the Asia Pacific market continues to boom.The four-times-per-week flight will depart from Paris Charles-de-Gaulle (CDG) Airport and fly directly to Kansai International Airport in Osaka.On the return, the flight will then go on ...
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InsightsFedEx: Supporting e-commerce in Asia Pacific
Kawal Preet, president, Asia Pacific, Middle East and Africa, FedEx Express, tells Air Cargo News about the steps the company is taking to support the growing e-commerce market.How does FedEx’s recent flight/network expansion cater for growing e-commerce demand?We are taking bold steps to support Asia Pacific businesses, and recently introduced ...
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News
Atlas Air enters into B747F ACMI agreement with FedEx
Atlas Air Inc, a subsidiary of Atlas Air Worldwide Holdings, has entered into an aircraft, crew, maintenance and insurance (ACMI) agreement with FedEx.Under the terms of the agreement, two of Atlas' Boeing 747-400 freighters have entered into service and are flying on behalf of FedEx, on an ACMI basis, to ...
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NewsAir cargo sector aids Haiti earthquake relief efforts
Source: Air Charter ServiceFedEx and charter broker Air Charter Service have helped move aid into Haiti following the devastating earthquake.The 7.2 magnitude earthquake struck on August 11 leaving more than 2,000 dead, 12,000 injured and destroying more than 52,000 homes.As part of relief efforts, FedEx yesterday transported 79 tons of ...
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NewsTop 25 cargo airlines: Freighter operators to the fore
FedEx, UPS and Qatar were last year the largest air cargo carriers once again, but there were major winners and losers in the overall top 25 airlines as the Covid pandemic took its toll on the market (see full at end of article).According to IATA’s latest World Air Transport Statistics ...
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NewsFedEx Express expands intercontinental network with APAC services
Image source: FedExFedEx Express has launched four new intercontinental Boeing 777 freighter flights, originating from its Asia Pacific (APAC) hubs, to destinations on the trans-Pacific, intra-Asia, and Europe lanes.The flights will provide weekly capacity of around 1,390 tonnes and will serve growing e-commerce demand.Two of the new services will depart ...
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InsightsRates stable in July but elevated prices expected into 2022
Image: ShutterstockAirfreight prices on major east-west trade lanes remained stable in July — albeit at a high level — and expectations are that pricing will remain elevated this year.The latest figures from the Baltic Exchange Air Freight Index (BAI) show that in July average airfreight rates from Hong Kong to ...
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News
Expeditors the latest to outline ongoing air cargo constraints
Congestion and capacity shortages in air cargo are expected to continue as the industry deals with the impact of ocean shipping chaos, heightened demand and lost belly capacity, according to Expeditors senior vice president of global air Kelly Blacker.Speaking on a company podcast, Blacker described the freight market as an ...
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News
Airfreight market set to get worse before it gets better for buyers
Buyers of airfreight capacity should expect the market to get worse before it gets better, according to Bruce Chan, vice president of global logistics at investment bank Stifel.Writing in the Baltic Exchange monthly market summary, Chan said that belly capacity is not expected to return until 2023 at the earliest.And ...
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News
FedEx reduces Liege hub job cuts
Fewer FedEx employees will be made redundant at its Liege hub as a result of demand increases and discussions with unions.The express giant had announced a series of job cuts in January as a result of the integration of the air network of TNT Express, which it purchased for €4.4bn ...
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News
FedEx to add freighters and boost spending to meet demand
FedEx will boost spending over the coming year and add more freighter orders to meet growing e-commerce demand.Announcing its results full-year results for fiscal year ended May 31, the express giant said it expected to spend around $7.2bn in FY 2022 compared with around $5.9bn last year.Meanwhile, FedEx will exercise ...
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News
Strong Q3 for FedEx as it predicts ongoing freighter demand
FedEx saw revenues and profits rise in its fiscal third quarter results, while it also predicts ongoing bellyhold capacity shortages in air cargo.The express giant saw fiscal third-quarter revenues increase by 22.9% year on year to $21.5bn, operating profits improved 145.7% to $1bn and net income was up 64.7% to ...
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News
FedEx and DoT hit out at Hong Kong quarantine rules
The US Department of Transport (DoT) may limit flights by the Cathay Pacific Group airlines in response to the latest Hong Kong's quarantine rules, saying they disproportionately affect US carriers.The new quarantine rules require that all Hong Kong-based crews quarantine for two or three weeks when returning from an international ...
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FedEx invests $2bn in sustainable technologies
US cargo carrier FedEx is investing more than $2 billion as part of an effort to achieve carbon-neutral operations across its global network in 20 years.The Memphis, Tennessee-headquartered company says on 3 March it is focusing on three areas to achieve this goal: vehicle electrification, sustainable fuel and carbon sequestration.“We ...
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Jacquet appointed interim CEO at Liege Airport after dismissal of Partoune
The Liege Airport board of directors has appointed Frédéric Jacquet as interim chief executive of the hub after the dismissal of Luc Partoune.The Liege Airport board of directors met on February 9 and decided to dismiss chief executive Luc Partoune with immediate effect.Reports allege that audits revealed several irregularities,which led ...
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FedEx to cut jobs and integrate TNT air network in Europe
Express firm FedEx plans to cut jobs in Europe and combine air networks as part of the integration of TNT.The US logistics giant acquired TNT for €4.4bn in 2016 as part of its European expansion plans and has been integrating IT systems and air, road and ground networks since then.The ...
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FedEx confirms acquisition of B777F from Etihad
FedEx Express has confirmed the recent acquisition of a Boeing 777 freighter aircraft from Etihad, as it continues its fleet modernisation.Manager of FedEx communications Jonathan Lyons said the aircraft will go into operation later this year.As of November 30 last year, the express giant had 46 B777 freighters in its ...
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FedEx profits soar as e-commerce volumes take off
FedEx saw fiscal second-quarter revenues and profits improve as e-commerce growth fueled record volumes.The express giant, which operates 680 aircraft, employs 600,000 people and has 200,000 vehicles, saw fiscal second-quarter revenues increase by 19% year on year to $20.6bn, operating income was up by 165% on a year earlier to ...