FedEx Announces Intent to Separate FedEx Freight, Creating Two …
Dec 19, 2024 · FedEx Announces Intent to Separate FedEx Freight, Creating Two Industry-Leading Public Companies • Unlocks significant value for FedEx stockholders through creation of a new publicly listed less-than-truckload (LTL) industry leader • Preserves commercial and operational synergies between both companies • Proposed separation enables greater strategic, operational, and financial execution ...
FedEx Unveils New Automated Sorting Facility at Memphis World …
MEMPHIS, Tenn., Oct. 30, 2024 – This week, FedEx Corporation (NYSE: FDX) unveiled a new, state-of-the-art, automated sorting facility at the Memphis World Hub. The LEED Certified building, which is now fully operational ahead of the holiday peak season, spans 1.3 million square feet across four levels, includes11 miles of conveyor belt, has a space dedicated to moving bulky, non-conveyable ...
FedEx newsroom
Oct 16, 2024 · The white paper titled, ‘Bridging the e-Commerce Divide: Meeting Consumer Demands with Merchant Offerings’, also indicates that despite turbulent economic times, consumers are willing to pay for convenience when it comes to doorstep deliveries
Report Showcases “FedEx Effect” on Global Economy as Company …
Memphis, Tenn., October 24, 2024 – FedEx Corp. (NYSE: FDX) today released its annual economic impact report, analyzing the company’s worldwide network and role in building prosperity in local communities during its 2024 fiscal year (FY 2024). Produced in consultation with Dun & Bradstreet (NYSE: DNB), a leading provider of business decisioning data and analytics, the study underscores the ...
FedEx to Launch 12 th Annual Small Business Grants Program
MEMPHIS, Tenn., February 29, 2024 — FedEx Corp. (NYSE: FDX) today announced the upcoming launch of its 12 th annual Small Business Grants Program, which will award more than $230,000 in grants and services to ten (10) U.S.- based small businesses. The application period will begin at 12pm (noon) ET on March 1, 2024, and close at 12pm (noon) ET on April 1, 2024.
FedEx Reports Second Quarter Diluted EPS of $3.03 and Adjusted …
Dec 19, 2024 · “Our second quarter results demonstrate that our efforts to transform our operations are working. The Federal Express segment delivered operating profit growth despite several headwinds, including the continued weak U.S. domestic demand environment as well as the expiration of our U.S. Postal Service contract,” said Raj Subramaniam, FedEx Corp. president and chief executive officer.
FedEx Statement Regarding Expiration of USPS Contract
Apr 1, 2024 · Note: In a Form 8-K filed with the Securities and Exchange Commission on April 1, 2024, FedEx Corporation announced the agreement between FedEx Express and the United States Postal Service (“USPS”) for domestic transportation services will expire by its terms on September 29, 2024.
FedEx Increases Frequency of International Cargo Flight …
Nov 21, 2024 · Robert Chu, vice president, Operations, FedEx China and FedEx Asia Pacific Hub, Clarence Lee, vice president, Sales, FedEx China, and representatives from Xiamen local authorities, illuminated the light poles together, initiating the …
FedEx Ready to Meet Demands of the Holiday Shipping Season
MEMPHIS, Tenn. Nov. 14, 2024 – FedEx has been making preparations all year to provide customers with a seamless, reliable shipping experience this peak season. With a world-class team of more than 500,000 members processing an average of 16 million packages daily, the company is well-equipped to ensure holiday shipments arrive safe and on time.
FedEx Awards Exceptional Young Innovators at INJAZ Al-Arab …
Dubai, UAE, November 21, 2024 – Federal Express Corporation (FedEx), the world’s largest express transportation company, has announced the winner of the 2024 FedEx Global Possibilities Award at INJAZ Al-Arab’s annual Youth Entrepreneurship Celebration. INJAZ Al-Arab, a non-profit member of the Junior Achievement Worldwide Company Program since 2007, focuses on empowering youth through ...