FedEx News Updates

Business

Earnings Slip 12% to $438 Mln. at FedEx, Despite Gains at Ground, Freight Units

FedEx Corp.鈥檚 Ground and Freight units increased fiscal second-quarter profit, cushioning the blow of lower profits at the Express business, the company reported last week.

December 24, 2012
Business

FedEx Reports Lower 2Q Profit

FedEx Corp. said Wednesday its second-quarter profit slipped from a year ago due in part to Hurricane Sandy, but operating profit at its less-than-truckload freight unit almost doubled.

December 19, 2012
Business

FedEx Ground Sets 4.9% Rate Increase

FedEx Corp. said it will boost rates at its FedEx Ground and home delivery services by an average 4.9%, beginning in January.

November 30, 2012
Business

FedEx Sees Record 鈥楪reen Monday鈥 in December, Driven by Online Sales

FedEx Corp. said it is expecting record volume, fueled by online sales, on 鈥淕reen Monday鈥 in early December,聽the busiest online shopping day of the year.

October 22, 2012
Business

FedEx Reducing Costs to Increase Its Profits

FedEx Corp. last week aimed to improve profits by $1.7 billion over the next three fiscal years, almost all from cutting costs and streamlining operations at the Express unit.

October 15, 2012
Business

FedEx Sets Three-Year $1.7 Billion Profit Growth Plan

FedEx Corp. set a goal to boost profit by $1.7 billion within three years, by cutting costs, as customers shift away from overnight shipments to slower and cheaper deliveries, Bloomberg reported.

October 9, 2012
Business

FedEx Reports Lower Earnings; Reduces Future Profit Forecasts

FedEx Corp. last week reported a lower fiscal first-quarter profit and reduced earnings forecasts, but said its less-than-truckload unit provided a bright spot by more than doubling its results.

September 24, 2012
Business

FedEx Says 1Q Profit Slips; Cuts Full-Year Forecast

FedEx Corp. on Tuesday reported its fiscal first-quarter profit fell slightly from a year ago, and the company cut its full-year earnings outlook.

September 18, 2012
Business

FedEx Says Quarterly Profit to Fall 4.1% From Year Ago

FedEx Corp. said its earnings for the three months ended Aug. 31 will probably decline by 4.1% from last year鈥檚 comparable quarter, 鈥渁s weakness in the global economy constrained revenue growth鈥 at its Express division.

September 10, 2012
Business

FedEx Cuts 1Q Earnings Forecast

FedEx Corp. lowered its earnings forecast for its recently ended fiscal first quarter, saying that weakness in the global economy constrained its revenue growth.

September 5, 2012