FedEx Corp. rode increased prices to post profit above analysts鈥 estimates, bolstering the company鈥檚 outlook and easing investor concerns over higher labor U.S. costs. The shares rose in late trading.
December 16, 2021FedEx News Updates
FedEx Surges After Higher Rates Boost Profit, Ease Labor Worries
FedEx Invests $72 Million in Miami Airport Cargo Hub
FedEx Corp. began operations Dec. 15 at its substantially bigger air cargo hub at Miami International Airport. The $72 million addition, two years under development and roughly the size of two football fields, doubles the hub鈥檚 size to 282,000 square feet.
December 16, 2021UPS, FedEx, USPS Holiday Shipping Deadlines Draw Near
Dec. 15 is the last day for ground delivery by Christmas with FedEx and USPS, while UPS recommends using its website to get an estimate. Here are other holiday shipping deadlines for the three major carriers.
December 14, 2021Trucking Reports Busy Black Friday Weekend
Black Friday weekend was particularly busy for the trucking industry with strong demand coming from retailers and supply chain issues.
December 8, 2021FedEx Closes Hong Kong Crew Base Amid Stricter COVID Rules
FedEx Corp. is shutting its crew base in Hong Kong, the world鈥檚 busiest international cargo hub, and relocating its pilots as the city considers stricter measures on flight crews to curb the spread of COVID.
November 17, 2021UPS, FedEx, USPS Set Holiday Shipping Dates
Though it鈥檚 not yet Halloween, delivery companies UPS Inc., FedEx Corp. and the U.S. Postal Service have released their recommended deadlines to ship packages in time for the holidays.
October 12, 2021UPS, FedEx, Walmart Hunting for Holiday Staffing
NEW YORK 鈥 All employers want for Christmas is some holiday help. But they might not get their wish. Companies like UPS Inc., FedEx Corp. and Walmart Inc. that typically hire thousands of seasonal workers are heading into the holidays during one of the tightest job markets in decades, making it unlikely they will find all the workers they need.
October 12, 2021FedEx, Paccar, Aurora Launch Autonomous Trucking Pilot
Aurora Innovation Inc., Paccar Inc. and FedEx Corp. launched a commercial pilot of autonomous trucking in Texas.
September 22, 2021FedEx Revenue Rises, but Higher Labor Costs Affect Bottom Line
FedEx Corp. reported an increase in revenue for its fiscal first quarter, but said rising costs affected bottom-line results for the period.
September 21, 2021FedEx Sets Rate Increase, Cites Challenging Operating Environment
FedEx Corp. plans to raise its delivery rates in 2022 by the most in at least a decade as the courier shoulders rising costs in what it called a 鈥渃hallenging operating environment.鈥
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