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In Change To Flat-Rate Shipping Program, FedEx Revises Packaging Rules
Wednesday, November 6, 2019 - 9:47am | 583FedEx Corp. (NYSE: FDX) has begun implementing a key change to its flat-rate shipping program that would let customers use their own packaging when they tender a box rather than require them to use the company's packaging and logo, according to a person familiar with the matter. FedEx will accept...
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FedEx, UPS Begin The Great Last-Mile Delivery Divergence
Wednesday, October 30, 2019 - 12:48pm | 954Anyone who works in the parcel delivery business knows that life holds three certainties – death, taxes, and UPS Inc. (NYSE: UPS) and FedEx Corp. (NYSE: FDX) moving in lockstep on almost everything. The first two are immutable. The third one, though, perhaps not so much. To be sure, the tag team...
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Wing Teams Up With FedEx, Walgreens For Milestone Drone Delivery
Monday, October 21, 2019 - 5:59pm | 514FedEx Express (NYSE: FDX) on Friday used an unmanned aerial vehicle instead of a truck for last-mile residential deliveries on behalf of pharmacy retailer Walgreens (NASDAQ: WBA). The Oct. 18 deliveries were made by Wing, a subsidiary of Google parent company Alphabet, in Christianburg, Virginia,...
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FedEx Freight Expands Last Mile Delivery Network
Tuesday, October 15, 2019 - 5:06pm | 273FedEx Freight, the less-than-truckload (LTL) unit of FedEx Corp. (NYSE: FDX), said October 14 that it has expanded its last-mile delivery service for heavier weighted consignments. The service had been in pilot form until now. The unit's "basic" delivery product, which brings items to the...
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FedEx, Walgreens Add Returns To Their Joint Portfolio
Wednesday, October 9, 2019 - 10:13am | 232FedEx Corp. (NYSE: FDX) and Walgreens Inc, the drug store unit of Walgreen Boots Alliance, Inc. (NYSE: WBA) have added returns to their logistics relationship. The companies announced October 8 that consumers will be able to return shipments to Walgreen locations starting in early November. The...
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Does FedEx Face A Cyclical Or Structural Problem?
Wednesday, September 18, 2019 - 5:45pm | 1587As FedEx Corp. (NYSE: FDX) struggles through one of the worst days in its 41 years as a public company, the question arises: Has the company made its bed and is now lying in it, or has an otherwise sound long-term strategy been undermined, at least in the short run, by cyclical forces beyond its...
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At FedEx, The Pain Continues, And The Gain Isn't In Sight
Wednesday, September 18, 2019 - 10:07am | 1036There are two kinds of pain in this world," the actor Denzel Washington said in one of his films. "Pain that hurts, and pain that alters." Part of that quote could apply to the situation at FedEx Corp. (NYSE: FDX) following weak fiscal 2020 first-quarter results. The pain of the quarterly numbers,...
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FedEx Will Not Apply Peak Season Parcel Surcharges; Saves The Pain For The Outsized Stuff
Tuesday, September 17, 2019 - 11:46am | 598FedEx Corp. (NYSE: FDX) said Sept. 16 it will not apply residential surcharges this peak shipping season on deliveries of standard-sized parcels, though it will impose surcharges on shipments that require extra handling or those consignments that are so outsized the company may refuse to handle...
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Dismissal Sought For FedEx Export Control Lawsuit
Friday, September 13, 2019 - 3:20pm | 511The U.S. Justice Department on behalf of the Commerce Department has asked the U.S. District Court in the District of Columbia to drop a lawsuit filed against it by FedEx Corp. (NYSE: FDX), challenging the application of the Export Administration Regulations (EAR) to express carriers. "[FedEx]...
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China Begins Probe Into FedEx Knives Shipment To Hong Kong
Tuesday, September 3, 2019 - 1:35pm | 129China has begun an investigation into allegations that FedEx Corp. (NYSE: FDX) illegally handled a package containing restricted shipments of knives bound for Hong Kong, China's state-run media agency Xinhua said September 3. The items were allegedly headed for China's Hong Kong Special...
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FedEx Buys Colombian Freight Forwarder, Customs Broker Affiliate
Friday, August 30, 2019 - 11:57am | 121FedEx Corp. (NYSE: FDX) said Aug. 29 that it acquired Cargex S.A., a Colombian air freight forwarder that specializes in perishables exports, and Agencias de Aduanas Aduanamos S.A. Nivel 2, a Cargex affiliate and a customs broker. Terms of the transaction were not disclosed. The acquisition...
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Barron's Picks And Pans: FedEx, Netflix, Softbank, Target And More
Saturday, July 20, 2019 - 9:48am | 671The cover story in this weekend's Barron's examines a cheap but controversial bet on the future of tech. Other featured articles offer gold mining, consumer spending and fintech stock picks. Also, the prospects for a package delivery giant, a big-box retailer, a video streaming leader and...
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Former FedEx Pilot Warns Lawmakers Of Cargo Safety Gap
Wednesday, July 17, 2019 - 5:57pm | 694Less stringent requirements for all-cargo airline operations compared with those for passenger operations are causing unnecessary safety risks, an airline representative has warned. Testifying on July 17 before the U.S. House Transportation & Infrastructure subcommittee on aviation, Joe DePete...
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Pay No Mind To That Fiscal Year Behind The Curtain-FedEx
Monday, July 8, 2019 - 11:40am | 1121FedEx Corp. (NYSE: FDX) wants folks to look past the valley of fiscal 2020. The 2020 fiscal year, which began June 1, will be one of "transition," FedEx said, using the corporate codeword for a year to forget. Instead, FedEx urged the analyst community gathered around the squawk box June 25 to...
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FreightWaves Radio Preview: The Outlook For IMO2020; Convoy, Retention And The Last-Mile
Friday, July 5, 2019 - 1:08pm | 398With IMO2020 just around the corner, FreightWaves Radio this weekend takes a look at how it might impact fuel markets. J. Scott Susich, the director of data analytics and advisory services at DTN, joined co-host John Kingston on SiriusXM Road Dog Trucking for a discussion on how the regulation...