FedEx Corp. reported the following consolidated results for the second quarter ended November 30 (adjusted measures exclude the items listed below for the applicable fiscal year): Fiscal 2020 Fiscal 2019 As Reported (GAAP) Adjusted (non-GAAP) As Reported (GAAP) Adjusted (non-GAAP) Revenue $17.3 billion $17.3 billion $17.8 billion $17.8 billion Operating income $554 million $684 million $1.17 billion $1.33 billion Operating … [Read more...] about FedEx Corp. reports second quarter results
Express & Mail
UPS Thailand Service Enhancements
UPS announced additional service improvements in Thailand to enhance the competitiveness of Thai businesses to better adapt to the fast changing economic climate and uncertainties in global trade. The service enhancements in 2019 support three key export segments: high-tech, automotive, and industrial manufacturing, which continue to be Thailand’s growth drivers. UPS supports these segments in capturing untapped opportunity in global trade momentum by connecting to potential trade … [Read more...] about UPS Thailand Service Enhancements
FedEx expects record volume Cyber Monday
FedEx Corp. (FDX) expects to kick off the peak holiday shipping season with record package volume on Cyber Monday, Dec. 2, moving more than 33 million packages through our global network on that day alone. The company also expects to more than double its average daily package volume on the two Mondays that follow. The spikes on Mondays are attributed to weekend online shopping, resulting in orders hitting retailers’ shipping cycles early in the week, and driving strong demand for residential … [Read more...] about FedEx expects record volume Cyber Monday
DHL partners with M3B GmbH
DHL Trade Fairs & Events, a unit of DHL Global Forwarding, Freight, specializing in trade fair and event logistics, is the new official logistics provider for M3B GmbH including the brands MESSE BREMEN, CONGRESS BREMEN and ÖVB-Arena. Effective January 1, 2020, DHL will provide all forwarding services on the 40,000 square meter trade fair grounds over a five-year period. MESSE BREMEN organizes some 115 events and trade fairs annually, including Germany's only fish trade fair "fish … [Read more...] about DHL partners with M3B GmbH
DHL and Agility remain exclusive logistics partners of Messe Frankfurt
Messe Frankfurt, the world's largest trade fair, congress and event organizer with its own exhibition grounds, has extended its exclusive cooperation with forwarding agents DHL Trade Fairs & Events and Agility for five years. This is the third time in a row that both companies have been contracted as the official logistics providers for the exhibition grounds in Frankfurt. These grounds span almost 60 hectares, and feature 11 halls with over 450,000 sqm of indoor and outdoor … [Read more...] about DHL and Agility remain exclusive logistics partners of Messe Frankfurt
FedEx announces next stage of its global community engagement program
FedEx Corp. (FDX) is implementing the next stage of its global community engagement program – FedEx Cares 50 by 50, a new journey to deliver hope, change and new possibilities for 50 million people by the company’s 50thanniversary in 2023. FedEx launched the new strategy after exceeding its goal to invest US$200 million in 200 global communities by 2020 six months early. In Asia Pacific, FedEx continues to lead corporate social responsibility (CSR) initiatives and programs to … [Read more...] about FedEx announces next stage of its global community engagement program
