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
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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
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
FedEx acquires Cargex
FedEx Corp. (FDX) announced that it has agreed to acquire Cargex S.A., an international freight forwarding company with over 25 years of experience with a focus in export management of perishable goods, and Agencias de Aduanas Aduanamos S.A. Nivel 2, an affiliate of Cargex specializing in customs brokerage services. This addition strengthens the FedEx air freight forwarding and customs brokerage capabilities in Colombia and the broader Latin American region. The acquisition is expected to close … [Read more...] about FedEx acquires Cargex
FedEx invests $450 million in Memphis Hub
Tennessee Governor Bill Lee joined FedEx Corp. officials to announce the company is making an additional $450 million investment to the $1.1 billion Memphis Hub modernization project previously announced in March 2018. The investment will now exceed $1.5 billion over the next six years to facilitate construction of a new sort facility, installation of state-of-the-art systems and construction of a new bulk truckload building to support changing e-commerce needs. Hub … [Read more...] about FedEx invests $450 million in Memphis Hub