July 22, 2014
Why is the government filing charges against parcel delivery and trucking giant FedEx? That is the key question said the investment firm Stifel in a note to investors following FedEx disclosing last week it had been indicted by the federal government for allegedly engaging in unlawful distribution of controlled substances.
June 18, 2014
FedEx has reported its fiscal fourth quarter results showing net income increased to $730 million, or $2.46 per share, compared with $679 million, or $2.13 per share, from the same time a year ago.
May 20, 2014
The family of a Los Angeles student killed last month when the charter bus he was in was hit by a FedEx Freight truck in Orland, Calif., is filing a wrongful death lawsuit, according to the Los Angeles Times.
May 5, 2014
The hike by three percentage points will be effective June 2, while FedEx Ground will begin applying dimensional weight pricing to all shipments, effective January 1, 2015.
April 27, 2014
The National Transportation Safety Board has issued its preliminary report about the April 10 crash between a FedEx Freight truck and a bus in California killing 10.
April 23, 2014
The first known lawsuit stemming from a crash between a FedEx Freight truck and a bus that killed 10 people earlier this month has been filed.
April 14, 2014
Connectivity continues making gains in and in the not too distant future every person, device and piece of equipment in trucking operation will be connected.
April 13, 2014
A preliminary report from the National Transportation Safety Board about a fiery crash between a FedEx Freight tractor-trailer and a bus in California killing 10 won’t be issued for at least about another month.
April 11, 2014
UPDATED -- The National Transportation Safety Board has sent a “go-team” to investigate the cause of a deadly tractor-trailer bus crash that happened Thursday in California, killing at least 10 people.
April 2, 2014
Transportation provider FedEx Freight has opened a new container freight station in its Chicago Summit, Ill. facility to consolidate and sort freight bound for Puerto Rico.
March 19, 2014
Revenue was $11.3 billion, up 3% from $11 billion the same time a year ago, while net income totaled $378 million, up 5% from last year’s $361 million or $1.23 per share compared to $1.13 per share.
March 5, 2014
Less-than-truckload carrier ABF Freight System will increase general rates and charges effective March 24.
March 3, 2014
FedEx Freight will increase shipping rates by an average of 3.9%, effective March 31.
January 22, 2014
FedEx Express, a subsidiary of FedEx Corp., and Nissan announced that the two companies will begin testing the Nissan e-NV200, a 100% electric compact cargo vehicle, under real world conditions in Washington, D.C.
January 21, 2014
The Federal Motor Carrier Safety Administration’s newest enforcement tool is a shutdown order for carriers that flagrantly disregard the safety rules. Under a final rule to be posted this week, the agency can suspend or revoke the authority of willful repeat violators, and impose civil or criminal penalties.
January 8, 2014
Plug Power Inc. announced it will develop hydrogen fuel cell range extenders for 20 FedEx Express electric delivery trucks, allowing FedEx Express to nearly double the amount of territory the vehicles can cover with one charge.
December 26, 2013
Package delivery giants UPS and FedEx may wind up getting a lump of coal in their stocking next Christmas after failing to delivery many shipments in time for this year’s holiday.
December 18, 2013
Trucking and parcel delivery provider FedEx has released second quarter fiscal earnings showing gains in both revenue and profit. FedEx is increasing its forecast of full-year earnings per share growth to 8% to 14% above last year's adjusted results.
November 21, 2013
Effective Dec 30 UPS’ published rates for its services will increase. For package shipments, ground services and accessorial rates will increase an average net 4.9%.
November 19, 2013
The upcoming years will be tough for the transportation industry in the United States, FedEx Freight president and CEO William Logue said at the annual National Industrial Transportation League conference in Houston.
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