FedEx Ground will build a 300,000-square foot distribution center in Baltimore at the Tradepoint Atlantic transportation and manufacturing hub on the site of a former steel mill, the developer announced.
January 20, 2016Business
FedEx Plans 60,000-Square-Foot Ohio Distribution Center
The Allen County, Ohio, Port Authority has made a move it maintains will continue to make Lima an attractive place for FedEx Corp. to do business.
January 13, 2016Business
FedEx Threatens to Move Tennessee Technology Center if It Doesn't Get 20 More Years of Tax Breaks
FedEx is threatening to move its massive information technology center out of Collierville, Tennessee, if the town government doesn't give the company millions of dollars worth of additional tax breaks over 20 years.
January 5, 2016Business
Online Surge Raises Questions About Delivery Network
A 20% surge in online holiday shopping — much of it just days before Christmas — brought the retailing and shipping industries closer to a tipping point many experts think is inevitable.
January 4, 2016Business
Third Time's a Charm for UPS at Christmas, But FedEx Stumbles
CHICAGO — After two consecutive years of problems during its holiday peak package season, UPS delivered on time at Christmas this year, while its main rival, FedEx, had a last-minute stumble that left some gifts undelivered until after the holiday.
December 31, 2015Business
FedEx Second Quarter Net Income Rises on Gains at Express, Ground Units
Continued profit improvement at the Express and Ground units helped FedEx Corp. raise overall net income in its fiscal second quarter by 4% to $691 million, or $2.44 per share.
December 21, 2015Business
Cargo Declines at FedEx’s Hub Airport
Memphis International Airport recorded a modest decline in cargo in November, pointing to a slight slowdown by dominant cargo handler FedEx.
December 18, 2015Business
FedEx Fiscal Second-Quarter Net Income Increases
FedEx Corp. net income in the second quarter of its 2016 fiscal year rose 4% to $693 million, or $2.44 per share, including one-time effects, driven by 26% higher profits at Express and 13% better results at its Ground unit.
December 17, 2015Business
US Gives Blessing to FedEx-TNT Merger
FedEx Corp. and Dutch counterpart TNT Express have won U.S. antitrust permission to merge, according to a listing of approved deals the Federal Trade Commission issued Nov. 24.
November 30, 2015Business
FedEx to Hire 55,000 to Handle Online-Fueled Holiday Shipping
FedEx Corp. will hire about 55,000 temporary workers to grapple with an expected 12% increase in shipping this holiday season, bolstered by an extra day of shopping and continued growth of online purchases.
October 26, 2015