FedEx Express now operates a fleet of 92 Boeing 757-200 freighters (pictured) after sending 22 to retirement last quarter. (Photo: Jim Allen/FreightWaves) FedEx Corp. has permanently retired 22 Boeing 757-200 freighter aircraft as part of a downsizing campaign to better align the air fleet with slower parcel demand, the company announced Tuesday along with fourth-quarter […]
(Reuters) -FedEx forecast 2025 profit above analysts’ estimates on Tuesday, anticipating that the cost reductions planned for the year would deliver margin gains even as revenue remains challenged by lackluster demand for parcel shipping. Shares of the company rose more than 16% in trading after the bell, while those of rival United Parcel Service were […]
MEMPHIS, Tenn. — One of Memphis’ largest employers is getting heat from its own workers after ending its free “ride-to-work” program. Though the intenational shipping company claims that the program is losing riders, there are workers who told WREG that isn’t the case. “We can’t continue to afford groceries for the week or rent for […]
RXO (RXO) stock surged early Monday after the company announced Sunday it would purchase UPS‘ (UPS) Coyote Logistics, the company’s freight-brokerage business, for slightly more than $1 billion. The deal comes just days before rival FedEx (FDX) closes the door on fiscal 2024 with fourth-quarter earnings. ↑ X NOW PLAYING With The Nasdaq Stretched, Here’s […]
The Atlanta Police Department is looking for a man they say stole a FedEx van. Police say on Wednesday, just after 10 a.m., Atlanta Police Zone 4 officers responded to a report of a carjacking of a FedEx van at 2070 Alison Ct. SW. [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] When […]
A brazen porch pirate in Ohio was recently caught on home surveillance video stealing a package right in front of a FedEx delivery driver, who had set the box down on a doorstep just seconds earlier. The theft unfolded right outside the home of Kyle Dorsch in northwest Columbus on June 3. Dorsch shared video […]
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FedEx will retire nine MD-11 freighters (pictured) by the end of the fiscal year on Friday. (Photo: Jim Allen/FreightWaves) FedEx will accelerate its transformation toward a leaner enterprise in the second half of the year when it ramps up segmentation of its air assets and sheds daytime flying capacity tied to an expiring U.S. Postal […]
FedEx Freight to close seven service centers in six states. (Photo: Jim Allen/FreightWaves) FedEx Freight, the less-than-truckload unit of FedEx Corp. (NYSE: FDX), confirmed Tuesday that it is closing seven service centers across the U.S. this year as the division continues to make alignments to its freight network. “As the less-than-truckload industry evolves, at FedEx, […]
Severe weather that has been uprooting Plains states for weeks turned its attention to Michigan on Tuesday, trapping workers and wiping out a mobile home park, officials said. Portage Mayor Patricia M. Randall said in a statement that her city was struck by two tornadoes Tuesday, with no reports of injuries or death so far. […]
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MEMPHIS, Tenn. — A recently terminated FedEx employee is accused of stuffing $10,000 in cash plus Airpods and an Apple watch into his pockets at the Memphis shipping hub. Kadarius Pirtle, 20, is charged charged with theft of property $10,000-$60,000. A FedEx security officer called Memphis police to the facility on Democrat Road around 2:15 […]