Opening of New Incheon Gateway by Fedex Express

 FedEx Express (FedEx), an auxiliary of FedEx Corp. what's more, one of the world's biggest express transportation organizations, is reinforcing support for cross-line exchange and web based business development in Korea with the send off of its new FedEx Incheon Gateway situated at Incheon Global Air terminal, South Korea. The new office offers upgraded capacities that...

Continue

Fedex Singapore to Sydney flight 4 times a week

To give a boost to cargo movements , Fedex has launched new flight connecting markets of Europe, Middle east , Asia & Australia. As per Fedex the new flight is designed to meet increased demand for these sectors especially heavy weight shipments. This will benefit customers based in Australia & Singapore with increased reliability & capacity for general...

Continue

Mike Ducker , Fedex Freight President Retiring After 43 yrs service..

Michael L. "Mike" Ducker the Fedex Freight President after 43yrs service is retiring Aug. 15 as announced by company. The new successor would be named soon. Ducker native of Chattanooga joined FedEx Express in 1975 and served in frontline operations staff at the Memphis hub. He rose through operations rank in 1980s & handled international assignments staring...

Continue

FedEx updates on freighter retirements and TNT acquisition

FedEx has provided more details on its decision to retire freighters early, while also providing an update on its proposed takeover of TNT Express and saying that it will continue on the acquisition trail. Speaking shortly after the announcement of its fiscal year fourth quarter results, the US express giant said its decision to retire 15 aircraft and 21 related engines...

Continue

FedEx takes axe to 15 freighters

US parcels and logistics giant FedEx has "permanently retired" 15 aircraft and 21 related engines as it continues to “rationalise capacity and modernise its aircraft fleet to more effectively serve FedEx Express customers”. FedEx has taken a non-cash impairment charge of $246m recorded in May 2015 and has also adjusted the retirement schedule of an additional...

Continue

FedEx set to buy TNT Express for $4.8bn

US parcels and logistics giant FedEx has made a $4.8bn  bid to acquire rival operator TNT Express of the Netherlands, with both sides reaching a conditional agreement on the deal. The agreement recommends an all-cash offer by FedEx for all issued and outstanding ordinary shares, including shares represented by American Depositary Receipts of TNT Express for...

Continue

FedEx sees peak season bounce

US parcels giant FedEx saw third quarter revenues up four per cent to $11.7bn. “We had a very successful peak season as volumes grew across all transportation segments, and our profit improvement programs are moving ahead as scheduled,” said Fred Smith, FedEx Corp chairman, president and chief executive officer. Operating results for the third quarter ended...

Continue

FedEx swaps sides in Illinois

Federal Express officially started operations at Central Illinois Regional Airport (CIRA) in Bloomington on February 2. It follows an announcement in May 2014 that it was pulling out of its operation at nearby Peoria airport, on the west bank of the Illinois River. The express carrier said the move would allow it to upgrade its priority overnight...

Continue

FedEx strengthens its domestic ground and supply chain services in India.......

Mumbai, May 7, 2014 — FedEx Corp. (NYSE: FDX) announces the successful integration of its acquired AFL and UFL businesses in India.  Since the acquisition in 2011, FedEx has focused on strengthening its domestic transportation and supply chain capabilities to meet the demands of Indian businesses. FedEx now offers end-to-end logistics solutions, including international and domestic air express services, domestic ground services, warehousing and supply chain management. With the integration...

Continue