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FedEx

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April 16, 2018 - Industry News

FedEx Freight Head Ducker to Retire in August

Michael Ducker will retire from his position as Fedex Freight president and chief executive in August. Photo: FedEx

Fedex Freight president and chief executive officer Michael L. Ducker will retire effective Aug. 15, 2018, concluding a decades-long career with the company.

Tags: Leadership, People, FedEx, FedEx Freight

March 29, 2018 - Industry News

FedEx Orders 20 Tesla Semi Electric Trucks

CEO Elon Musk says Tesla's Semi electric truck will have a daily range of 500 miles. Photo: Jack Roberts

FedEx says the 20 Semi, all-electric trucks will be operated by FedEx Freight in its less-than-truckload business unit.

Tags: UPS, PepsiCo, Tesla, Future Trucks, FedEx, Anheuser-Busch, Battery-Electric Vehicles, Electric Trucks, Tesla Semi

March 20, 2018 - Industry News

Earnings Watch: FedEx Surges, Daseke Rebounds

Parcel and trucking giant FedEx posted a big gain in profits during its most recent quarter, while Daseke, the owner of several flatbed and specialized carriers, moved from a loss to a profit in both the final quarter of 2017 and for all of last year.

Tags: FedEx Freight, FedEx Ground, FedEx Express, Fleet Earnings, Daseke Inc., FedEx

February 12, 2018 - Industry News

Amazon Moves to Launch Its Own Delivery Fleet

Recent moves by Amazon have led some industry observers to speculate the online retailer is poised to launch its own parcel delivery service soon. Photo: Amazon

Recent moves suggest Amazon, the online retail giant, is taking steps to establish its own air and land parcel delivery service.

Tags: UPS, USPS, Amazon.com, DHL Express, FedEx, Parcel Delivery Service, Amazon, E-commerce, Delivery Fleets

December 19, 2017 - Industry News

FedEx Quarterly Profit Jumps to $775 Million

Trucking and parcel delivery company FedEx Corp. released on Tuesday its fiscal second quarter numbers showing significant hikes in both earnings and revenue.

Tags: FedEx Freight, FedEx Ground, FedEx Express, Fleet Earnings, FedEx

December 7, 2017 - Industry News

First FedEx Ground Provider Adds Workhorse Electric Van

Image of E-GEN courtesy of Workhorse

Workhorse Group Inc. has announced that Colonial Routes, Inc. in Farmington, N.Y., is the first FedEx independent service provider (ISP) in the country to participate in Workhorse's new nationwide program for FedEx Ground delivery vehicles.

Tags: Workhorse, E-GEN, Cargo Vans, Delivery Fleets, Package Delivery Fleet, Step Vans, FedEx

September 19, 2017 - Industry News

Earnings Watch: FedEx Profit Falls Due to Cyberattack, Hurricane Harvey

FedEx earnings during its fiscal 2018 first quarter fell 17% from a year ago as a result of a cyberattack and Hurricane Harvey, despite a slight improvement in revenue.

Tags: FedEx Freight, FedEx Ground, FedEx Express, Fleet Earnings, Hurricane Harvey, FedEx

June 20, 2017 - Industry News

FedEx Delivers Quarterly Profit of More Than $1 Billion

Parcel delivery and trucking company FedEx Corp. on Tuesday reported it turned its finances around dramatically in the most recent quarter as it also wrapped up its fiscal year.

Tags: FedEx Freight, FedEx Ground, FedEx Express, Fleet Earnings, FedEx

May 16, 2017 - Industry News

FedEx Survey Shows Small Business Support of International Trade

Screenshot from FedEx Trade Index

FedEx released the results of its second Trade Index, a national survey of small business leaders, finding that the majority supported more global trade.

Tags: Survey, Free Trade Agreement, FedEx, Small Business, Global

April 5, 2017 - Industry News

Chiefs of FedEx Freight, Werner Urge Congress to Up Highway Funding

Congestion on a California freeway. Photo: U.S. Dept. of Transportation

FedEx Freight President and CEO Mike Ducker and Werner Enterprises President and CEO Derek Leathers both testified before a Senate panel on April 4 that the U.S. must invest more in highway infrastructure.

Tags: ATA, Highway Funding, Werner Enterprises, U.S. Senate, FedEx

March 21, 2017 - Industry News

Earnings Watch: FedEx Reports Mixed Earnings

FedEx Corp. on Tuesday reported increased net earnings in its most recent quarter, but it missed Wall Street expectations.

Tags: FedEx, FedEx Freight, Fleet Earnings

January 24, 2017 - Global News

Trump and Trade

Image via Twiiter @realDonaldTrump

President Trump is already making good on campaign promises to end or seriously alter U.S. free trade agreements. But what are the pros and cons of these moves?

Tags: NAFTA, Free Trade Agreement, FedEx, Donald Trump

December 22, 2016 - Industry News

Earnings Watch: FedEx Profit Edges Higher Hitting $700 Million

Parcel delivery and trucking company FedEx Corp. this week reported a net profit of $700 million for its fiscal second quarter, missing Wall Street expectations.

Tags: FedEx Freight, FedEx Ground, FedEx Express, Fleet Earnings, FedEx

December 13, 2016 - Industry News

FedEx CEO Warns Trump Attack on Trade Could Be 'Catastrophic'

Smith

FedEx Chairman and CEO Fred Smith warned that President-elect Trump's campaign promises to pull back on international trade agreements could be “catastrophic.”

Tags: NAFTA, Free Trade Agreement, FedEx, Donald Trump, Economic Conditions

September 20, 2016 - Industry News

Earnings Watch: FedEx Quarterly Profit Totals $715 Million

Earnings for trucking and package delivery company FedEx Corp. moved up modestly to $715 million, or $2.65 per share, in its fiscal quarter ending Aug 31 that included the cost of integrating another carrier.

Tags: FedEx Freight, FedEx Ground, FedEx Express, Fleet Earnings, FedEx

September 20, 2016 - Industry News

Another Carrier Lowers Expectations, Three LTLs Hiking Rates

Forward Air Corp. has become the latest trucking operation to lower expectations ahead of releasing its next earnings report.

Tags: UPS, Old Dominion Freight Line, Forward Air, UPS Freight, Freight Rates, FedEx, FedEx Freight, Fleet Earnings

June 21, 2016 - Industry News

Earnings Watch: FedEx Narrows Loss, Werner Lowers Expectations

FedEx Corp. cut much, but not all, of its second quarter losses compared to a year earlier, while a preview of Werner Enterprises Inc. second quarter earnings sent heartburn throughout trucking and Wall Street amid concerns about second quarter trucking profits.

Tags: Economy, Werner Enterprises, FedEx, FedEx Freight, FedEx Ground, FedEx Express, Fleet Earnings

May 2, 2016 - Industry News

FedEx Gets Final OK to Buy TNT Express

Image: TNT.com

Now that the government of China has approved FedEx Corp.’s intended acquisition of TNT Express N.V., the massive deal is on track to close by June 30.

Tags: TNT Express, FedEx

March 30, 2016 - Industry News

FedEx Boosts Fleet Fuel Efficiency

Photo of electric delivery van courtesy of FedEx.

FedEx hopes to increase fuel efficiency in its vehicle fleet by 30% by 2020 by increasing the number of alternative-fuel vehicles, shifting freight trips to rail, and optimizing routing, according to the company's 2016 sustainability report.

Tags: Alternative Fuels, Emissions Reduction, FedEx, Delivery Fleets

March 16, 2016 - Industry News

Earnings Watch: FedEx Profit Falls, Adjusted Earnings Up

Trucking and parcel delivery company FedEx Corp. on Wednesday reported lower quarterly profits, but adjusted earnings were better than expectations.

Tags: FedEx Freight, FedEx Ground, FedEx Express, Fleet Earnings, Economy, FedEx

December 17, 2015 - Industry News

Earnings Watch: Navistar Trims Losses, FedEx Profit Increases

It's looking like a good Christmas for Navistar and FedEx. The truck and engine maker managed to cut back on its losses in its most recent fiscal quarter and likely no longer will have an SEC investigation hanging over its head. Meanwhile, FedEx saw better earnings due to record holiday business.

Tags: Economy, Navistar, Earnings, FedEx, FedEx Freight, FedEx Ground, FedEx Express

November 20, 2015 - Industry News

FedEx Delivering Trees for Troops

FedEx Corp. and the Christmas SPIRIT Foundation are joining forces again for a special delivery to America’s service members and their families with the Trees for Troops program.

Tags: Military, Image, FedEx, Christmas

September 16, 2015 - Industry News

FedEx Reports $692 Million Profit, Increases Rates

Weaker LTL industry demand is prompting FedEx to lower its guidance for the year. (Photo courtesy FedEx.)

FedEx Corp.'s profits in its most recent fiscal quarter increased from a year earlier, but the company lowered expectations for the full year.

Tags: Economy, FedEx, FedEx Freight, FedEx Ground, FedEx Express, Fleet Earnings, LTL

August 19, 2015 - Industry News

USPS Begins Same-Day Grocery Delivery

Photo of USPS trucks in Venice, Calif., by Paul Clinton.

The U.S. Postal Service has begun delivering bottled water, fresh fish, and electronics in New York City as it begins a shift toward same-day delivery to compete with FedEx, UPS, and Amazon.com.

Tags: USPS, Delivery Fleets, FedEx, UPS

June 12, 2015 - Industry News

FedEx Settles Independent Contractor Suit for $228 Million

FedEx says its contractors no longer operate under the model challenged in this case. Photo: FedEx

FedEx Ground reached an agreement with plaintiffs in an independent contractor lawsuit to settle for $228 million.

Tags: Lawsuits, Independent Contractors, FedEx, FedEx Ground, Delivery Fleets

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