Dallas (AP) - UPS was caught off-guard by the crush of online shopping leading up to Christmas and plans to spend a chunk of its tax-cut savings to invest in its package-delivery network. The company said Thursday that it plans between $6.5 billion and $7 billion of capital spending this year
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FedEx to give wage increases, bonuses to workers
Memphis, Tenn. (AP) - FedEx says it’ll be giving wage increases, bonuses and make a voluntary $1.5 billion contribution to the company’s pension plan, citing recent tax reform legislation. The package delivery company follows others doing the same, including Home Depot, Disney, Starbucks and Walmart. Imagine your Ad placed here FedEx Corp. said Friday that it’ll
FedEx to make investments in Indianapolis hub expansion, wage increases
Indianapolis International Airport is the second largest domestic sorting facility for FedEx, with an of more than 10 million deliveries worldwide. FedEx announced plans to invest about US$1.5 billion into expanding its FedEx Express Indianapolis hub over the next seven years, creating a modernized and enlarged “SuperHub,” as well as accelerate
FedEx advocates for NAFTA reform to facilitate cross-border e-commerce
With representatives from Mexico, Canada, and the United States currently meeting in Montreal for the sixth round of negotiations on the North American Free Trade Agreement (NAFTA) reforms, major differences remain, and the March deadline is approaching fast. With its sprawling transnational network predicated on free trade, FedEx is following
FedEx commits $3.2 billion to raise pay, expand hubs after U.S. tax overhaul
(Reuters) - Package delivery company FedEx Corp said on Friday it will spend more than $3.2 billion on wage increases, bonuses, pension funding and capital investment, taking advantage of the U.S. tax overhaul signed into law in December. The Memphis, Tennessee-based company said it would invest $1.5 billion to significantly expand
UPS, FedEx suffered high late-delivery rates during 2017 holiday season
If your delivery arrived late this holiday season, you aren’t alone. A post-holiday analysis of deliveries performed by LateShipment.com found that both UPS and FedEx struggled to process record-high delivery volumes. The shipment-tracking company’s CEO Sriram Sridhar said that, when it came to ground shipments, both UPS and FedEx, “had alarmingly high
Winter storm in U.S. causes widespread freight disruption at FedEx’s Memphis hub
A cold front moving east across the American Midwest region caused extensive flight disruption at FedEx’s Memphis International Airport (MEM). The airport is FedEx Express’ global hub, and the “substantial flight and sort disruptions” experienced will have widespread implications on express logistics. FedEx said that “potential delays are possible for package
FedEx opens long-delayed Shanghai Pudong facility to streamline customs
FedEx new Shanghai Pudong Hub, courtesy of FedEx. January 8, 2018 Shanghai (ACW) - FedEx has finally opened its US$100 million, 134,000-square-meter Shanghai Pudong International Airport hub. Originally slated to open in early 2017, the Shanghai Hub is now the largest of its kind at Shanghai Pudong International Airport, featuring FedEx’s most
USPS is getting a raw deal from Amazon, but it’s a bit more nuanced…
FedEx says it experienced another record-breaking holiday shipping season
... declined to provide specifics Package delivery company FedEx Corp said on Wednesday it experienced another record-breaking holiday shipping season but declined to provide specifics or data. FedEx Chief Executive Officer Fred Smith said last week the company was on track for another record holiday shipping season, the crucial peak period that