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FedEx Corp. on Thursday signed an agreement to acquire Mexican express-package-delivery company MultiPack, allowing the FedEx Express business unit to enhance its capabilities in the Mexican domestic-delivery market.
FedEx did not provide further details on the deal, but expects to close the acquisition during the second quarter of 2011, subject to regulatory approvals and customary conditions. Get the full story »
FedEx is searching for radioactive rods used for medical equipment that went missing during shipment between North Dakota and Tennessee.
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FedEx Corp. expects its busiest day in company history to be Dec. 13 as consumer activity peaks in a holiday shipping season the shipper projects to be about 11 percent bigger than last year.
Shares rose on the news but were still down 14 cents at $88.34 in recent trading on broader market declines. Get the full story »
United Parcel Service Inc. said Monday that it would raise rates by a net 4.9 percent starting Jan. 3.
UPS, the world’s largest package delivery company, said the net increase was for ground packages, all air express and U.S. origin international shipments. Get the full story »
A federal jury says FedEx must pay $66 million to now-defunct ATA Airlines, saying the package delivery company broke a contract that ultimately pushed ATA into bankruptcy. Get the full story »
The Obama administration on Monday proposed the first fuel efficiency and emissions standards for big tractor trailors and other commercial trucks that run mainly on diesel fuel.
The joint Transportation Department and Environmental Protection Agency initiative covers a range of vehicles from delivery vans to long-haul rigs and is expected to cut nearly 250 million tons of greenhouse gas emissions over the lifespans of vehicles produced within the program’s first five years. Get the full story »
FedEx Corp , the world’s largest cargo airline, said it would raise shipping rates on its Express and Freight services as the company hosted investors at its Memphis headquarters on Wednesday. Get the full story »
FedEx Corp. raised its outlook for the year and the quarter Monday, citing better-than-anticipated volume growth in its Express and Ground business.
Memphis, Tenn.-based FedEx said it now sees its fiscal 2011 earnings in the range of $4.60 to $5.20 per share, up from its previous forecast of $4.40 to $5 per share.
For the first quarter ending Aug. 31, FedEx said it sees earnings of $1.05 per share to $1.25 per share, up from 85 cents per share to $1.05 per share previously.
