FedEx Corp. has committed approximately US$1 million in cash, transportation support and a chartered flight to deliver critical medical aid and supplies to Nepal in the wake of the recent devastating earthquake. The Memphis-based global transportation and logistics company is mobilising its disaster relief programme through its existing relationships with Direct Relief, Heart to Heart International, Water Missions International, American Red Cross and The Salvation Army. “FedEx … [Read more...] about FedEx pledges US$1M in Nepal aid
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FedEx set to buy TNT for €4.4 billion
FedEx Corp's €4.4 billion bid Tuesday for TNT Express took the world's last large potential integrator acquisition target off the table, marking a victory in FedEx's battle to gain market share from rival United Parcel Service Inc. In 2013, European regulators blocked a $6.9 billion bid from Atlanta-based UPS, the world's largest package delivery company, for TNT on grounds that the combined companies would have more than 30 per cent of the European market. The transaction would … [Read more...] about FedEx set to buy TNT for €4.4 billion
3PL market to reach US$925B by 2020
The global 3PL market is forecast to reach US$925.31 billion by 2020, according to a new study by Grand View Research Inc. Increased convergence on core competencies by outsourcing secondary business activities such as logistics is expected to drive the 3PL market over the forecast period. Infeasibility in managing geographically dispersed supply chain operations as a result of increased globalisation has led to several companies outsourcing their logistics function. Emerging trends such as … [Read more...] about 3PL market to reach US$925B by 2020
FedEx seals purchase of Genco
FedEx Corp. has completed the acquisition of GENCO Distribution System, one of the largest third-party logistics providers in North America. The acquisition, as previously announced on 15 December 2014, will offer customers a more comprehensive portfolio of logistics services, complementing the transportation services already provided by FedEx. “We are extremely pleased to welcome GENCO teammates to the FedEx family,” said Frederick W. Smith, chairman and CEO of FedEx Corp. … [Read more...] about FedEx seals purchase of Genco
FedEx, UPS make plans to avoid holiday delays
The continued dynamic growth of ecommerce fulfillment has UPS and FedEx preparing for one of the largest holiday season forecasts to date. Retailers and carriers alike are working together on ways to incentivize their consumers to spend more money, but they must also be ready to meet their shipping deadlines when consumer’s make their online purchases. The 2013 holiday shipping season experienced a number of delays, missed deliveries and service disruptions due to the increase of ecommerce … [Read more...] about FedEx, UPS make plans to avoid holiday delays
FedEx forecasts record holiday volume
FedEx is expecting to move more than 290 million shipments between Black Friday and Christmas Eve, an 8.8 per cent increase in overall year-over-year peak seasonal volume. The season is expected to be bolstered by three volume spikes throughout December, occurring the first three Mondays of the month and each expected to surpass 20 million in volume. December 15 is forecast to be the busiest day in company history, with a projected 22.6 million shipments moving around the world. … [Read more...] about FedEx forecasts record holiday volume
