FedEx

The Memphis-based transportation and logistics bellwether said that it is predicting it will move 317 million shipments between Black Friday and Christmas, which, if that number is reached, will stand as a new company record and be up 12.4 percent annually compared to 2014 holiday season volumes.

Earlier this week, FedEx union pilots represented by the Air Line Pilots Association (ALPA) signed a new contract with FedEx management, which takes effect in November and becomes amendable in 2021. As for its chief competitor, UPS, though, things are not as harmonious, with the Independent Pilots Association (IPA), the trade union representing UPS pilots recently saying leadership called on its 2,528 members to authorize a pilot strike against UPS.

In a joint statement, FedEx and TNT said that they have not received a Statement of Objections regarding the proposed deal from the European Commission (EC).

Following news earlier this month that the planned $4.8 billion acquisition of Netherlands-based TNT-NV and a provider of mail and courier services and the fourth largest global parcel operator, by FedEx may be showing signs of coming closer to fruition, with TNT’s shareholders formally giving their blessing on the proposed deal, the deal’s prospects improved further yesterday.

ALPA said that the new contract takes effect in November and becomes amendable in 2021. And it added that the new contract is comprised of across-the-board increases for hourly pay rates and new-hire compensation, a significant signing bonus, retirement plan enhancements, and work-rule improvements, among other positive modifications.

UPS announced yesterday that it has rolled out its 2016 rate increases for various service offerings.

The International Air Cargo Association (TIACA) has called on world leaders meeting at the United Nations this week to work together to find solutions to the ongoing migrant crisis in Europe.

Through the company’s monetary and transportation contribution, FedEx will deliver immediate relief and longer-term support for those affected by the crisis.

The planned $4.8 billion acquisition of Netherlands-based TNT-NV and a provider of mail and courier services and the fourth largest global parcel operator, by FedEx may be showing signs of coming closer to fruition, with TNT’s shareholders formally giving their blessing on the proposed deal.

Air cargo traffic rebounds after two years of either flat or slightly negative growth, with demand for air cargo transport beginning to grow slowly and steadily.

Data from San Diego-based parcel consultancy Shipware LLC showed this week that after raising its fuel surcharge index in February, FedEx will raise it again, effective November 2, 2015.

Data from a San Diego-based parcel consultancy Shipware LLC showed this week that after raising its fuel surcharge index in February, it will raise it again, effective November 2.

Rate increases will take effect for FedEx Express U.S. domestic, U.S. export, and U.S. import services, effective January 4, 2016. FedEx Express will increase shipping rates by an average of 4.9 percent for U.S. domestic, U.S. export and U.S. import services, and FedEx Ground and FedEx Home Delivery will increase shipping rates by an average of 4.9 percent. FedEx SmartPost rates will also change. And FedEx Freight will increase shipping rates by an average of 4.9 percent.

Package delivery company FedEx Corp reported a higher quarterly net profit, but missed Wall Street estimates as weak global economic conditions and the strong U.S. dollar weighed on results.

Quarterly net income at $692 million was up 5.6 percent annually, and revenue at $12.3 billion was up 4.9 percent. Operating income at $692 million was up 5.6 percent. Quarterly operating margin—at 9.3 percent—saw a 2.2 percent annual gain, and earnings per share of $2.42 were up 6.7 percent but were below Wall Street estimates of $2.45 per share.