Anticipating peak volumes during the holiday season, FedEx has increased the number of weekly flights in and out of Asia Pacific, particularly the Asia-Europe route and flights into Australia from Asia. Culprit for the massive demand is none other than the rapid growth of e-commerce, with online sales from 11 countries in Asia Pacific predicted to reach $2.5 trillion in 2024. Also read: FedEx Express to open US$30 million Clark facility in April FedEx cited McKinsey data saying Asia has … [Read more...] about FedEx adds flights in Asia Pacific, tells online buyers to shop early
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FedEx: Are we ready to ship billions of vaccines worldwide?
What does it take to ship a crucial vaccine to stop a global pandemic? The healthcare industry is facing an enormous logistical challenge. There’s no denying it. 2020 has been a year of immense difficulty and disruption. Many now look forward to 2021 and the much-anticipated prospect of COVID-19 vaccines as the gateway to global recovery. Naturally as one of the world’s leading logistics companies,has an important role to play in vaccine shipment. We recognize that shipping COVID-19 … [Read more...] about FedEx: Are we ready to ship billions of vaccines worldwide?
Cargolux, FedEx deliver relief assistance to Beirut
Cargolux and FedEx jointly delivered more than 60 tonnes of cargo carrying medical supplies and equipment to Beirut, as the Lebanese city reels from the devastation caused by the explosion earlier this month. FedEx picked up US$11 million worth of medicines, medical supplies and personal protective equipment from the headquarters of nonprofit Direct Relief in Santa Barbara, California. The shipment was then trucked to FedEx’s World Hub in Memphis and loaded to a B777 before flying out to … [Read more...] about Cargolux, FedEx deliver relief assistance to Beirut
FedEx launches self-collection service
FedEx Express (FedEx), a subsidiary of FedEx Corp. (FDX) and the world's largest express transportation company, announced today that self-collection services for FedEx packages are now available at all participating bluPort and Parcel Santa lockers, and Park N Parcel retail collection points strategically located throughout Singapore. This collaboration aims to enhance customer convenience, as they can now collect their packages from the extensive network of lockers and collection points island … [Read more...] about FedEx launches self-collection service
Positioning FedEx for 2020 and Beyond
Raj Subramaniam, President and COO of FedEx Corporation, is as global as e-commerce itself, having held positions from Memphis, Tenn., to Hong Kong, to Canada over the course of his 28 years with the company. Charged with driving success for FedEx in the age of e-commerce, which is predicted to account for more than 90% of the incremental growth in the U.S. Domestic parcel market between 2018-2026, Subramaniam is a key player in evolving the strategy to handle this growth. In 2019, … [Read more...] about Positioning FedEx for 2020 and Beyond
FedEx Corp. reports second quarter results
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
