Topic
fedex
Logistics FedEx 777 in Retro Livery Lands at Memphis Airport Renamed for Fred Smith
FedEx commemorated founder Fred Smith by renaming the Memphis airport Frederick W. Smith International Airport and landing a Boeing 777 in retro 1973 livery. The Memphis World Hub sorts 2.4 million packages daily, while FedEx delivers over 18 million packages a day worldwide, according to FreightWaves.
Logistics FedEx scales up Dexterity trailer-loading robots after multiyear validation at Hagerstown hub
FedEx is scaling up Dexterity Inc.'s AI-enabled trailer-loading robot at its Hagerstown, Maryland, hub after multiyear validation, according to FreightWaves. Pickle Robot Company and Ambi Robotics will pair unloading and palletizing systems, while FedEx continues a Berkshire Grey Scoop pilot. The moves aim to improve worker safety and network efficiency in physically demanding trailer operations.
Logistics FedEx Expands Surcharges to EU Destinations and Reclassifies US Zip Codes for Higher Fees
FedEx is rolling out new surcharges and fee expansions that will affect shippers worldwide, including reclassifying 239 US zip codes for delivery and pickup area surcharges and extending its inbound processing fee to all 27 EU nations on August 3. Over the past 18 months, FedEx has implemented more than 50 pricing changes, according to parcel spend management firm LJM, with accessorial charges now accounting for 30% to 50% of some shippers' spend. The moves come amid rising fuel surcharges and EU regulatory changes targeting cheap e-commerce imports from China.
Logistics FedEx Launches Life Sciences Division to Integrate Healthcare Logistics Capabilities
FedEx Corp. announced the launch of FedEx Life Sciences, a dedicated division integrating its healthcare logistics services under one roof. The unit targets the $80 billion healthcare transportation market, leveraging cold-chain infrastructure, direct pharma flights, and AI-powered monitoring. The move underscores a broader industry shift among major parcel carriers toward high-margin premium segments.
Logistics CMA CGM Hires FedEx Executive Patrick Moebel to Lead Ceva Logistics
CMA CGM appointed former FedEx Logistics president Patrick Moebel as CEO of Ceva Logistics, replacing Matthieu Friedberg. Moebel brings extensive North American and logistics experience as CMA CGM continues its transformation into an end-to-end logistics provider, including the pending acquisition of FedEx Supply Chain.
Logistics CMA CGM Acquires FedEx Supply Chain in $1.4 Billion Deal to Expand US Logistics
CMA CGM has agreed to acquire FedEx Supply Chain for $1.4 billion, folding it into its CEVA Logistics arm. The deal nearly triples CEVA's North American contract logistics footprint, adding 10,000 employees and 150 warehouses. CMA CGM will also become a preferred ocean carrier for FedEx under multi-year agreements covering ocean and air freight.
Logistics FedEx sells supply chain unit to CMA CGM for $1.4B, expanding CEVA's North American logistics footprint
CMA CGM Group agrees to acquire FedEx Supply Chain from FedEx Corp. for $1.4 billion in enterprise value, nearly tripling the North American contract logistics footprint of its subsidiary CEVA Logistics. The deal includes multi-year commercial agreements for air and ocean freight services and positions CMA CGM as a preferred ocean carrier for FedEx.
Logistics FedEx Freight Forecasts 4-6% Revenue Growth as Standalone Company After Spinoff
FedEx Freight, now an independent company after spinning off from FedEx Corp. on June 1, reported a 4.8% revenue increase to $2.4 billion in its fiscal fourth quarter. The less-than-truckload carrier expects 4% to 6% revenue growth for the remaining seven months of the year, with an operating margin of 9% to 9.5%. Despite a 5.9% decline in average daily shipments, revenue per shipment rose 11.5% to $415.22.
Logistics More FedEx MD-11 cargo jets return to service, others are retired
FedEx has reinstated four McDonnell Douglas MD-11 freighters since aviation authorities cleared the type to resume flying seven weeks ago, while also retiring five MD-11s and other aircraft last quarter. The remaining 25 MD-11s are expected to be ready by peak season. The moves are part of a broader fleet modernization and strategic shift toward deferred air cargo.
Logistics FedEx Beats Wall Street on Premium Parcel and Freight Volumes, $1B Cost Savings
FedEx exceeded Wall Street expectations in fiscal Q4, with revenue up 13% to $25 billion, driven by premium business-to-business services. The company achieved over $1 billion in cost savings and reported strong growth in package volumes and yields, though operating margin contracted amid tariff changes and rising costs.
Logistics FedEx Slowly Recovers from Operational Meltdown in Vietnam After Bungled Courier Switch
FedEx shipping delays in Vietnam have eased but the recovery is ongoing after a bungled transition to a new ground delivery provider and technology rollout caused severe cargo congestion at warehouses in Hanoi and Ho Chi Minh City, with customers reporting stranded shipments, customs issues, and production halts.
Logistics FedEx Pilots Secure New Contract After Lengthy Negotiations
FedEx pilots have ratified a new labor contract with 83% approval, concluding over five years of negotiations. The agreement includes a 40% pay raise and back pay for pilots.
Logistics Fujian Shipping Expands Fleet with Heavylift Newbuilds
Fujian Shipping Group has ordered four new multipurpose heavylift vessels from Nantong Xiangyu Shipbuilding. This move aims to enhance their capacity in the growing project cargo market. The vessels will feature significant lifting capabilities and are part of a broader fleet renewal strategy.
Logistics FedEx Caribbean Service Faces Disruption Without FAA Waiver
FedEx partner Mountain Air Cargo's Caribbean service is at risk due to regulatory constraints. The airline seeks an FAA waiver to continue operations with larger aircraft.
Logistics FedEx Expands Dutch Hub to Boost Air Cargo Strategy
FedEx is investing $54 million to expand its trucking hub in Duiven, Netherlands, enhancing its air cargo strategy. This expansion will increase freight handling capacity by over 50% and integrate air and road networks for efficient delivery.
Logistics FedEx Freight's New Path as Standalone LTL Carrier
FedEx Freight has officially become a standalone less-than-truckload (LTL) carrier, trading under the ticker FDXF. This strategic move allows FedEx Freight to focus on LTL services, aiming for growth in revenue and operating income.