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 1991 as Vice-president for South Europe based out of Milan, Italy.

Ducker rose through the U.S. ground operations ranks in the 1980s and took a series of international assignments starting in 1991 as vice president of Southern Europe, based in Milan, Italy. He also served as vice president for South pacific & middle east region & senior vice president for Asia / Pacific region till 1999 . He was chief operating officer at Fedex Express for five years starting in 2009.

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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 a cash offer price of €8.00 per share.
The surprise transaction gives TNT Express an implied equity value of approximately €4.4bn ($4.8bn).
Fred Smith, chairman and chief executive of FedEx Corp, said: “We believe that this strategic acquisition will add significant value for FedEx shareowners, team members and customers around the globe.
"This transaction allows us to quickly broaden our portfolio of international transportation solutions to take advantage of market trends – especially the continuing growth of global e-commerce – and positions FedEx for greater long-term profitable growth.”
Tex Gunning, chief executive of TNT Express, said: “This offer comes at a time of important transformations within TNT Express and we were fully geared to executing our stand-alone strategy. But while we did not solicit an acquisition, we truly believe that FedEx’s proposal, both from a financial and a non-financial view, is good news for all stakeholders.
"Our people and customers can profit from the true global reach and expanded propositions, while with this offer our shareholders can already reap benefits today that otherwise would only have been available in the longer run."

Source : http://www.aircargonews.net/news/airlines/express/single-view/news/fedex-and-tnt-express-agree-on-recommended-all-cash-public-offer-for-all-tnt-express-shares.html

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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 complete, FedEx has:

• Expanded its service coverage from 4,000 postal codes to over 19,000 in India
• Strengthened its ground transportation service: it now has a fleet of over 1,000 trucks connecting cities and towns across India, leading technology and competitive pricing
• Increased its office and hub space capacity from 300,000 to over a million square feet
• Added inventory management services via more than 900,000 square feet of warehousing space across the country

“In a little over a decade, India is expected to have as many as 18 mega-demand cities with a GDP surpassing $20 billion.[1]  The internet is also propelling small towns such as Guntur in Andhra Pradesh or Choryasi in Gujarat, into the league of top rural hubs for eCommerce in India.  This is why we have expanded our network to over 90% of India’s manufacturing GDP, thereby providing seamless access to Indian businesses with diverse logistics needs,” said David Canavan, vice president, Operations, FedEx Express India.
“Increasingly, the success of modern retail chains, hi-tech industries or booming eCommerce sites depends on the efficiencies and intelligence of their supply chain.  Innovative services such as cash on delivery, repair-and-return, pick and pack and returns management are critical.  Our successful integration places us in a formidable position to meet all of these logistics requirements.”
Now, customers using FedEx domestic ground services can also benefit from shipping applications that enable them to create waybills for single or multi-piece shipments. In addition, they can monitor incoming and outgoing packages, get status notifications and near real-time tracking. High volume businesses such as eCommerce are supported with robust web integration for faster processing.
Industries with complex supply chain requirements (particularly hi-tech, retail, medical equipment or consumer durables) will gain a competitive advantage by using FedEx domestic ground and supply chain services.

Source : http://news.van.fedex.com/fedex-strengthens-its-domestic-ground-and-supply-chain-services-india-following-successful-integrati

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