FedEx News Updates

Business

FedEx Issues $2 Billion in Notes, Plans Second Debt Sale for TNT Acquisition

FedEx Corp. has issued $2 billion in notes to fund repayment of debt and share repurchase programs.

March 25, 2016
Business

Bongo International Relaunches as FedEx CrossBorder

FedEx Trade Networks, the international freight forwarding arm of FedEx Corp., announced the relaunch of Bongo International as FedEx CrossBorder.

March 24, 2016
Business

$30 Million FedEx Distribution Center to Open in Chattanooga

A new $30 million FedEx Ground distribution center in Chattanooga, Tennessee, being built off Interstate 75 will open in August 2017, officials said March 21.

March 22, 2016
Business

FedEx Confirms New Ohio Distribution Center

FedEx Ground confirmed March18 that it has entered into a lease agreement for a new distribution center on a 32-acre site in Miami Township, Ohio, to be finished by July 2017.

March 21, 2016
Business

FedEx’s Profits Increase 18% On Growth at Express Unit

FedEx Corp. last week said its fiscal third-quarter net income rose 18% to $692 million, or $2.51 per share, excluding one-time costs and powered solely by higher profits at its Express unit.

March 21, 2016
Business

FedEx CEO Calls Amazon Challenge Reports 'Fantastical'

When FedEx Corp. CEO Fred Smith looks at Amazon.com, he sees a valuable customer — not a mortal danger.

March 17, 2016
Business

FedEx Corp. Fiscal Third-Quarter Adjusted Earnings Rise 18%

FedEx Corp. reported fiscal third-quarter net income rose 18% to $692 million, or $2.51 per share, excluding one- time costs, powered by higher profits at its Express unit.

March 17, 2016
Business

Record Rainfall Slows Operations at FedEx Hub

FedEx Corp. warned customers of possible delivery delays on March 11 after record rainfall at Memphis International Airport affected the company's world hub.

March 14, 2016
Business

FedEx Plans $18.5 Million Ohio Distribution Center

FedEx Corp. plans call for a distribution center in South Dayton, Ohio, estimated to cost $18.5 million with a capacity to hold more than 550 people.

March 11, 2016
Business

Land Use Approved for FedEx Air Cargo Facility in Idaho

The Twin Falls, Idaho, City Council on March 7 approved use of airport land for a FedEx air cargo facility and also gave the go-ahead for a major remodeling of the Magic Valley Regional Airport terminal.

March 8, 2016