Watch: FedEx Cargo Plane on Fire Streaks Across New Jersey Sky Before Emergency Landing at Newark Airport
Newark, NJ – A FedEx cargo plane was forced to make a dramatic emergency landing at Newark Liberty International Airport early Saturday morning after its right engine erupted in flames shortly after…
FedEx Driver Assaulted, Packages Stolen in Glen Burnie
GLEN BURNIE, Md. — A FedEx delivery driver was assaulted and robbed of packages on Thursday evening while making deliveries in Glen Burnie, Anne Arundel County Police said. The incident occurred around…
FedEx Driver Robbed During Delivery in Wilkes-Barre
Wilkes-Barre, PA – A FedEx driver was the victim of a robbery while making a delivery on Kidder Street in Wilkes-Barre, as reported by the Wilkes-Barre City Police Department. The incident occurred…
FedEx has not seen much impact from Red Sea disruptions, CEO says
(Corrects paragraph 2 to say Subramaniam took over as CEO in 2022, not 2023) NEW YORK (Reuters) – U.S. parcel delivery giant FedEx Corp said that it hasn’t seen much of a…
Wall St opens lower as rate-cut rally fizzles; FedEx slides
(Reuters) – Wall Street’s main indexes opened lower on Wednesday as investors took a breather from a rally that was sparked by the Federal Reserve’s likely pivot to a dovish policy, while…
In market share battle, FedEx and UPS target retail returns
By Lisa Baertlein LOS ANGELES (Reuters) – As FedEx and United Parcel Service battle for market share in a delivery demand downturn, they are expanding returns services aimed at helping retailers slash…
FedEx quarterly profit likely boosted by rivals’ pain
By Lisa Baertlein LOS ANGELES (Reuters) – FedEx Corp benefited from misfortunes experienced by rivals UPS and Yellow during its latest quarter as the global delivery firm continued slashing costs to match…
Marketmind: Powell patter, UK shock, FedEx warning
A look at the day ahead in U.S. and global markets from Mike Dolan The Fed chair has a tricky message to communicate. Jerome Powell’s testimony to Congress later on Wednesday will…
Will cost cuts help FedEx close margin gap with UPS?
By Priyamvada C (Reuters) – FedEx may see a profit boost from cost cuts undertaken last year, although its investors will be keen on knowing whether those actions have helped it catch…
India’s Modi to address FedEx, Mastercard, other US CEOs at Kennedy Center -source
By Nandita Bose and Trevor Hunnicutt WASHINGTON (Reuters) – Indian Prime Minister Narendra Modi will meet the CEOs of top American companies including FedEx, MasterCard and Adobe during his trip to the…
Border Officials Find Illegal Migrants Packed Into Fake FedEx Vans
Border Officials Find Illegal Migrants Packed Into Fake FedEx Vans Jennie Taer on June 15, 2023 Smugglers attempted to move a group of illegal migrants into the U.S. using fake FedEx vans,…
FedEx profit report to test company turnaround
By Kannaki Deka and Lisa Baertlein (Reuters) – Analysts expect FedEx Corp to post a sharp drop in quarterly profit on Thursday as demand retreats to prepandemic levels, and are asking whether…
FedEx, Southwest planes believed under 100 feet apart -NTSB
By David Shepardson WASHINGTON (Reuters) – The chair of the U.S. National Transportation Safety Board (NTSB) said a FedEx Boeing 767 cargo plane and a Southwest Airlines 737-700 that nearly collided were…
U.S. investigates aborted FedEx landing in Texas, two planes cleared for same runway
By David Shepardson (Reuters) -The Federal Aviation Administration and the U.S. National Transportation Safety Board are investigating an aborted landing in Austin, Texas, on Saturday morning by a FedEx cargo plane that…
FedEx cost cuts stanch losses, analysts see need for more
LOS ANGELES (Reuters) – FedEx’s plan to slash almost $4 billion in expenses has begun sheltering profits, but analysts say the uncertain economy points to the need for more surgical cuts at…
FedEx seeks to void $366 million verdict for Black former worker who alleged bias
(Reuters) – FedEx Corp said it would ask a federal judge in Texas to throw out or reduce a jury’s $366 million damages award to a Black former employee who accused the…
UPS could keep outpacing FedEx as e-commerce delivery market dims
By Lisa Baertlein and Shivansh Tiwary (Reuters) – United Parcel Service investors want to see this week how the delivery giant is managing through the bursting e-commerce delivery bubble better than rival…
Jon Taffer Brings Innovative Taffer’s Tavern Concept to FedEx Field
Taffer’s franchise concept joins the Club Level food & beverage lineup as the Washington Football Team kicks off the season Washington, DC (-) Taffer’s Tavern, the innovative new full service tavern concept…
S&P 500 futures drop after FedEx stokes fears about economy
By Noel Randewich (Reuters) – S&P 500 futures fell on Thursday, suggesting traders expect Wall Street to open down in its next session, after FedEx withdrew its financial forecast and added to…
FedEx cuts ties with delivery contractor Patton, files lawsuit
By Lisa Baertlein LOS ANGELES -FedEx Corp on Friday filed suit asking a federal judge to stop one of its largest delivery contractors from spreading misinformation about its business for financial gain,…
FedEx unit to test Ford’s electric vans for parcel delivery
(Reuters) – FedEx Office will pilot Ford Motor Co’s electric vans to pickup and deliver parcels in some regions, the unit of FedEx Corp said on Tuesday, as part of the delivery…
FedEx to suspend Sunday deliveries in some U.S. markets
(Reuters) – FedEx Corp said on Thursday it is suspending Sunday delivery operations in some low-density, rural U.S. markets starting from Aug. 15. The U.S. delivery giant said the move will increase…
Man admits to smuggling 20 aliens in locked Fedex trailer
CORPUS CHRISTI, Texas – A 32-year-old Houston man has pleaded guilty to attempting to smuggle undocumented aliens, announced U.S. Attorney Jennifer B. Lowery. Today, Vince Ruiz III pleaded guilty to one count…
FedEx shifts from EV delivery truck testing to adoption
By Lisa Baertlein LOS ANGELES – FedEx Corp has 150 BrightDrop zero-emissions delivery trucks rolling on Los Angeles streets and highways as it transitions from electric vehicle testing to adoption. The partnership…
U.S. Marshals Arrest Fugitive Wanted for FedEx Armed Robbery
Philadelphia, PA – Members of the U.S. Marshal’s Eastern District of Pennsylvania Violent Crime Fugitive Task Force arrested Donte Edwards, 29, for robbery, carjacking, and kidnapping, at approximately 12:30 p.m. on May…
FedEx has ‘lucrative backdoor’ to bigger role in e-commerce, says Citi
(Reuters) – FedEx Corp can boost its profit by $1 billion annually if the delivery giant leverages its ShopRunner buyout and its partnership with Microsoft to deepen its e-commerce presence and cater…
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