Xos, which makes electric Class 5 to Class 8 commercial vehicles, has signed agreements with FedEx Ground operators to deliver 120 zero-emission electric trucks in five states.
John A. Smith will succeed Henry Maier as president and CEO of FedEx Ground on June 1.
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.
Trucking and parcel delivery company FedEx Corp. released on Tuesday its fiscal second quarter numbers showing significant hikes in both earnings and revenue.
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.
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.
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.
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.
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.
Trucking and parcel delivery company FedEx Corp. on Wednesday reported lower quarterly profits, but adjusted earnings were better than expectations.
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