FedEx
Hurricane Helene Disrupts Florida Supply Chain for Ports and Couriers
The storm could potentially reach Category 4 status, and is projected to have maximum sustained winds of up…
Shein and Temu ‘Will Not Be a Significant Growth Driver for Us,’ FedEx Says
A top FedEx exec suggested the company picks its spots on how it works with Shein and Temu, but called the…
FedEx CEO Cites Slow Economic Growth as Fed Cuts Rates
FedEx CEO Raj Subramaniam saw the steep Fed rate cut as being due to a weak economy.
FedEx Posts Disappointing Q1 Results; Revises Fiscal 2025 Outlook
FedEx's disappointing Q1 profit report reflected weak domestic demand for its priority services.
Hurricane Francine Closes Port of New Orleans, FedEx Expects Local Delays
Hurricane Francine is already throwing a wrench in some logistics operations in the Gulf Coast ahead of its…
FedEx’s New Reporting Structure Puts Spotlight on LTL Segment
FedEx has been mulling the future of FedEx Freight, which remains a standalone unit in the company while it…
UPS Has a $224 Million Sustainability Opportunity
According to Brand Finance, UPS tops all logistics providers with a brand value of $34.6 billion, besting…
FedEx Revives Demand Surcharges for 2024 Holiday
FedEx will implement the fees "during times of elevated volumes, high demand for capacity and increased…
Tropical Storm Debby Slows Down Supply Chain in Southeastern US
Georgia's Ports of Savannah and Brunswick were closed Tuesday, while South Carolina's Port of Charleston…
FedEx Review Could Lead to Sale of LTL Biz
FedEx Corp.'s CEO Rajesh Subramaniam said the strategic review its FedEx Freight business should be completed…
FedEx to Shutter Four Facilities, Affecting More Than 300 Employees
According to WARN notices filed in North Carolina and South Carolina, FedEx will close four of its facilities…
Vecna Robotics Closes Series C-1 Round for Case-Picking Warehouse Robots
Massachusetts-based Vecna Robotics announced it has raised a Series C-1 round to help launch case-picking…
FedEx Cutting Up to 2,000 Employees in Europe
The layoffs come amid a wider cost-saving initiative at the package delivery giant, along with recurring…
FedEx Facility Ravaged by Tornado in Michigan
Roughly 50 people were trapped inside the 320,000-square-foot warehouse, but are now safe and accounted for…
FedEx Shutters 4 Ship Centers, Cutting 220 Courier Jobs
The closures and layoffs come as the package delivery giant aims to cut $4 billion in expenses by 2025, and…