Fedex News

News

FedEx will stop air shipments of packages for Amazon

FedEx said Friday that it will not renew the contract for domestic FedEx Express handling of Amazon shipmentsThe loss of the contract will be "minimal" to FedEx because it is a low-margin business

2 min read8 Jun 2019
Companies

China seeks explanation from FedEx over diversion of Huawei parcels to US

Huawei accused FedEx of diverting two packages sent from Japan and addressed to it in China to the USHuawei clarified that the parcels contained only documents and 'no technology'

1 min read29 May 2019
Companies

FedEx starts $575 million worker buyout as overseas demand cools

The voluntary buyout will yield annual savings of as much as $275 million, FedEx said in a regulatory filing FridayThe maximum payment under FedEx’s buyout is two years’ pay. The offer expires at the end of May

1 min read20 Jan 2019
Companies

Indian-American Rajesh Subramaniam named FedEx President

Subramaniam, an IIT-Bombay graduate from Thiruvananthapuram, has been with FedEx for more than 27 years. He has held various executive-level positions in the company

1 min read27 Dec 2018
News

Fifth package bomb strikes Texas, at FedEx facility near San Antonio

The blast at the FedEx facility in Schertz, in San Antonio, was the fifth in the state in the last 18 days, and FBI is probing whether it was linked to a series of 4 bombs that hit the Texas capital this month

2 min read20 Mar 2018
Companies

Amazon threat has Maersk racing to stop clients becoming rivals

Maersk is trying to stop customers like Amazon.com and Alibaba from becoming competitors in just a few years' time

2 min read13 Feb 2018
Industry

Amazon is said to test delivery service to rival FedEx, UPS

Amazon’s new experiment with a delivery service underscores its ambitions to expand its logistics operations and wean itself off the delivery networks of UPS and FedEx

4 min read6 Oct 2017
News

Global ransomware attack starts causing real consequences with FedEx, Port

From FedEx to AP Moller-Maersk, the global cyberattack has started to create real consequences at some businesses even as the virus's spread seems to be abating

4 min read29 Jun 2017
Opinion

Amazon finds it hard to make friends it will crush later

Some of this love-hate relationship with Amazon's collaborators and customers is a natural consequence of a powerful company with its fingers in many pies

2 min read10 Apr 2017
Companies

Amazon to spend $1.49 billion on air cargo hub in US amid expansion plans

Amazon has agreed to a 50-year lease for about 900 acres of property from Northern Kentucky International Airport

1 min read1 Feb 2017
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