All FedEx Articles – Page 9
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News
FedEx to cut freighter capacity on weak outlook
Express giant FedEx will cut its freighter capacity in response to weaker macroeconomic conditions.Speaking after the company announced its fiscal first-quarter results, FedEx chairman Fred Smith said the airline would retire 20 MD-10-10 aircraft over the current and next fiscal year to eliminate that fleet type from its operation.Meanwhile, it ...
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FedEx strengthens Latin America operations with Cargex acquisition
FexEx has announced that it will acquire Colombian freight forwarder Cargex.Cargex, a specialist in the transportation of perishable goods, has been established for more than 25 years. Headquartered in Bogotá, Colombia, the company operates in Bogotá, Medellin, Cartagena, Buenaventura and Santa Marta.The deal, which expected to close later this year, ...
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NewsFedEx exits ground shipping contract with Amazon
FedEx Sameday Bot making a deliveryFedEx has moved to distance itself further from Amazon, announcing that it will no longer deliver packages for the e-commerce giant in the US.Analysts suggest the move comes as FedEx increasingly sees Amazon as a competitor. It was only in June that the company ended ...
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NewsTop 25 cargo airlines 2018: FedEx at the top as Qatar closes in on Emirates
FedEx retained its position as the world’s busiest cargo airline in 2018, but the passenger and freighter fleet of Qatar Airways continued to close in on number two Emirates (see chart at end of article).The latest IATA World Air Transport Statistics report shows that express operator FedEx was again the ...
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NewsFedEx adds its first B767F to its European network
FedEx B767FFedEx has expanded capacity on its London-Paris-Dublin flight through the introduction of a Boeing 767-300 freighter - the first of the aircraft type to fly in Europe for FedEx.The express operator said the new aircraft can carry 41 tonnes, which is around 16% more than the A300F that it ...
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FedEx reports 'solid growth' in Europe to Asia demand
FedEx has reported “solid growth” on volumes heading from Europe to Asia this year, despite a slowdown in the headhaul direction.FedEx Express Europe president Bert Nappier told Air Cargo News that the eastbound trade from Europe was a major focus for the business globally.“This [Europe to Asia] lane represents an ...
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FedEx reports Q4 results and warns of a tough year ahead
FedEx reported a fourth quarter fiscal year loss and has warned that earnings for 2020 will be affected by weakness in global trade.The company reported a fourth-quarter revenue increase of 2.9% to $17.8bn, but a net loss of $1.97bn compared with a profit of $1.13bn for the prior year.The company ...
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Fred Smith of FedEx slams 'protectionist' US trade policy
FedEx founder Fred Smith has renewed his criticism of President Trump and his administration’s simmering trade dispute with China, saying that the US had become “protectionist,” defined as: “I will make everything I need in my own borders”.Smith, chairman and chief executive of the US parcels and logistics giant, told ...
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FedEx sues US government over Chinese export rules
FedEx is suing the US government to obtain an exclusion to the Export Administration Regulations (EAR) if it mistakenly ships goods that violate rules imposed on Chinese products by the Trump administration.The lawsuit, filed in the District of Columbia by the US parcels giant against the US Department of Commerce, ...
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NewsEast Midlands Airport calls on government to "unlock" its cargo potential
East Midlands Airport (EMA) wants the UK government to “unlock its potential” as a major airfreight hub, with management tabling five key policy requests to promote the cargo gateway’s fuure development.The airport, part of Manchester Airports Group (MAG), wants the government to set out clear policies to solidify its position ...
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Amazon to begin Anchorage cargo flights later this month
Amazon Air will begin flights to Ted Stevens Anchorage International Airport (ANC) on June 27.The airport announced last week that the carrier would begin services to the Alaskan hub utilising Boeing 767 freighter capacity.The airport said that it would result in Amazon Prime packages being delivered to Alaskans “a little ...
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FedEx breakup with Amazon a ‘watershed’ moment for express industry
FedEx’s decision to ditch its domestic US business with Amazon is a “watershed” moment that signals the emergence of the e-commerce giant as a significant player in the parcel industry.In a research note, investment bank Morgan Stanley said that the impact of the FedEx move should not be downplayed and ...
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FedEx ditches Amazon contract
FedEx has made the strategic decision to not renew the FedEx Express US domestic contract with Amazon in order to focus on serving the broader e-commerce market.The move comes after the e-commerce retail giant launched its own airfreight network three years ago through deals with Atlas Air and ATSG and ...
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Virgin Atlantic Cargo appoints Dsouza as account manager in Melbourne
Virgin Atlantic Cargo has appointed Bosco Dsouza as account manager, Melbourne, as the airline looks to build on the strong growth of its Australia cargo business in the past year.Tonnage rose 51% year-on-year and revenues climbed 58% alongside the expansion of Virgin Australia’s international presence and the opportunity to connect ...
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NewsEast Midlands Airport expands space for freighters
East Midlands Airport (EMA) is expanding the apron space for freighter aircraft as the UK cargo hub prepares for increased volumes driven by the e-commerce boom.The airport, whose freighter airline customers include Fed Ex/TNT, UPS and Royal Mail, is improving its infrastructure so that aircraft can load and unload more ...
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NewsUPU looks to solve e-commerce postal rules dispute
UPU Director General Bishar A. HusseinThe Universal Postal Union (UPU) has proposed three options it hopes will solve the current dispute over postal rules that mean Chinese e-commerce companies pay less than their rivals in some other countries.The dispute centres around UPU rules allowing the shipping costs for small packages ...
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FedEx Express to expand cargo footprint at Miami International
Parcel giant FedEx Express is to expand its logistics footprint at Miami International Airport (MIA), the fourth largest cargo hub in the US.Property company Aeroterm, which has developed a number of airport cargo facilities across the US, has reach an agreement with airport landlord Miami-Dade County for the expansion of ...
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FedEx warns of continuing weakness in global trade
FedEx reported fiscal third quarter financial results that were “below expectations” and has warned of continued weakness in global trade.The express firm registered an adjusted third-quarter net profit of $797m compared with $1bn a year earlier, while revenues edged up to $17bn from $16.5bn.“Our third quarter financial results were below ...
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NewsDon Colleran named president and CEO of FedEx Express
Don Colleran, FedExGlobal integrator FedEx Corp has appointed Don Colleran to the role of president and chief executive of FedEx Express, effective March 16.Jill Brannon will succeed him as executive vice president and chief sales officer of FedEx Corp.Colleran’s 30-year career with FedEx includes various sales roles as well as ...
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NewsFedEx names Raj Subramaniam as president and chief operating officer
Raj SubramaniamFedEx Corp has announced that Raj Subramaniam will become its president and chief operating officer as of March 1.The appointment of Subramaniam follows incumbent David Bronczek’s decision to retire as president and chief operating officer of the express services giant.Subramaniam, who has been with FedEx for more than 27 ...