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FedEx
Government, Business, Technology, Equipment, Logistics, Global Freight

Freight Elite Struggle to Hit Climate Goals as Demand Surges

Amazon delivery van

Although there are signs of progress, the largest delivery companies have scaled back climate pledges and the industry isn’t keeping pace with climbing emissions from a global demand surge.

Ben Elgin | Bloomberg News
January 30, 2024
Business

Estes Is High Spender on Yellow Terminals in Latest Auction

Estes Express Lines trucks

Estes Express Lines was the high spender in the latest round of bidding for freight terminals owned or leased by bankrupt less-than-truckload carrier Yellow Corp., court documents show.

Keiron Greenhalgh | Staff Reporter
December 21, 2023
Business, Logistics

FedEx Misses Earnings Expectation for Fiscal Q2

FedEx Express delivery truck

FedEx Corp. reported it missed analyst expectations for income and revenue when the package delivery giant announced second-quarter fiscal 2024 earnings Dec. 19.

Dan Ronan | Senior Reporter
December 20, 2023
Business, Technology, Autonomous, Global Freight

Pilotless FedEx, Reliable Robotics Plane Completes Flight

Unmanned flight

Reliable Robotics Corp. has flown a small cargo plane on loan from FedEx Corp. without a human on board, a step toward the autonomous flight startup winning regulatory approval.

Thomas Black | Bloomberg News
December 6, 2023
Business, Logistics

National Zoo’s Giant Pandas Depart for China via FedEx

giant panda

A specially outfitted Boeing 777F dubbed the FedEx Panda Express transported the National Zoo’s three giant pandas to Chengdu, China, Nov. 8 and 9, with a refueling stop in Anchorage, Alaska.

Ashraf Khalil | Associated Press
November 8, 2023
Business, Logistics, For-Hire, Private, Global Freight

UPS to Hire 30,000 Extra Drivers for Peak Season

UPS driver exits truck

UPS Inc. is set to hire more than 30,000 additional drivers for peak season, a mix of package car drivers, commercial driver license drivers and seasonal support drivers.

Keiron Greenhalgh | Staff Reporter
September 27, 2023
Business, For-Hire

FedEx Beats Quarterly Wall Street Profit Expectations

Packages at a FedEx Express facility

FedEx Corp. posted a higher profit than Wall Street expected in its most recent quarter, but trimmed expectations for the full-year period.

Keiron Greenhalgh | Staff Reporter
September 20, 2023
Business, Logistics, For-Hire

UPS CEO Carol Tomé Outlines Challenging Year Ahead

Carol Tome

UPS Inc. will pay out the biggest portion of its new labor pact over the next 12 months while trying to win back customers it lost during the contentious contract talks, CEO Carol Tomé said.

Thomas Black | Bloomberg News
September 12, 2023
Business, Logistics, For-Hire

UPS to Raise Average Prices by 5.9%

UPS truck and logo

UPS Inc. will raise prices 5.9%, to take effect on Dec. 26.

Thomas Black | Bloomberg News
September 8, 2023
Business, Logistics, For-Hire

FedEx Pilots Reject Proposed Multiyear Contract

FedEx pilots picketing for a better contract

Union pilots who fly for FedEx announced on July 24 the rejection of a proposed multiyear contract from the company, with 57% of members voting against the deal.

Dan Ronan | Senior Reporter
July 24, 2023

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