FedEx Corporation

Good day, Here are a couple of the deals and tech unveiled by robotic delivery companies during the Consumer Electronic Show (CES) last week. China's second-largest e-commerce company, JD.com, displayed an autonomous four-wheeled robot that can deliver packages up to five kilometers. The...

The ground delivery unit of FedEx Corp. (NYSE: FDX) will pay the state of New York $35.3 million to settle three lawsuits alleging that FedEx partnered with cigarette trafficking companies to ship hundreds of thousands of untaxed cigarettes to New York residents, the state announced today The state...

Top FedEx Corp. (NYSE: FDX) executives met with securities analysts yesterday in an effort to convince them the issues that led to mid-December's mediocre fiscal second quarter results and downbeat fiscal 2019 outlook were being rapidly addressed. For their part, analysts caught off-guard...

Not following California's meal and rest break laws could leave motor carriers that opt to judiciously observe the Federal Motor Carrier Safety Administration's (FMCSA) recent decision open to added liability risk in pending or future civil lawsuits, according to legal experts. Those new...

Transparency Market Research reported on December 28 that the global logistics market is expected to grow from $8.1 trillion in 2015 to $15.5 trillion by 2023, or a compound annual growth rate (CAGR) of 7.5 percent. Measured by freight volume, the CAGR from 2016 to 2024 is expected to be 6 percent...

As the retail industry moves into full gear for the Holidays, Amazon (NASDAQ: AMZN) takes center stage by announcing a new hub for its burgeoning air freight fleet. The new freight hub is currently under construction at Fort Worth Alliance Airport in Texas and is expected to become operational...

In January 2013, the European competition commission, the European Union's antitrust arm, came out against UPS Inc.'s (NYSE: UPS) US$6.8 billion offer to buy struggling Dutch delivery firm TNT Express. Almost immediately, an angry and frustrated UPS, which complained it was never told...

The national tender rejection rate ticked upward slightly today as carriers begin preparing for the Christmas holiday by positioning their drivers closer to their domiciles. In the lead up to major holidays, driver preferences for origin/destination firm up, leading carriers to be choosier and...

(Wednesday Market Open) If anyone’s ever had to thread the needle, it’s arguably Fed Chair Jerome Powell when he steps to the podium after today’s Fed meeting. Whatever step the Fed takes on rates (futures prices puts odds of a hike at 71%), Powell will probably have to choose his...

Transport giant FedEx Corp. (NYSE:FDX) late today reported weaker-than-expected fiscal 2019 second-quarter results, weighed down by a rapid deceleration of Eurozone and U.K. economies and a less-profitable mix of traffic from TNT Express, the Dutch delivery firm that FedEx acquired for US $4.8...

FedEx Corp. (NYSE: FDX) said it has launched a service allowing participating retailers to fulfill online orders 5 to 8 hours later than usual while providing consumers with next-day deliveries in local markets and two-day deliveries across the continental US. Through the service, dubbed "...

Debris that was part of the missing AirAsia Jet was found early on Tuesday. Teams have been searching for the plane since it went missing on Sunday and crashed somewhere off the coast of Indonesia. The plane lost contact with air traffic controllers just after requesting to increase altitude in...

Central bankers and economists from around the world will gather in Jackson Hole, Wyoming, this weekend to discuss the direction of the global economy from August 21-23. The meeting is expected to captivate markets as investors look for any clues about future monetary policy. Fed Chair Janet...

From the airlines’ point of view, it’s all about closing loopholes. For passengers, it’s taking away a great benefit. The “it” in this case, is mileage – the system, begun by airlines themselves by which passenger loyalty (and the awarding of benefits) is measured. According to Bloomberg, the...

You don’t like that airlines act a lot like the big banks. You don’t like that the ticket, which by the way, already seems a little overpriced, doesn’t include the basics of traveling. There’s a fee for everything and it’s becoming a regular occurrence to hear of a fee increase or a new one...