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FedEx rolls out 2018 rate increases
September 19, 2017
Transportation and logistics bellwether FedEx yesterday announced rate increases for various business lines, including FedEx Express, FedEx Ground, and FedEx Freight, which will take effect on January 1, 2018.
FedEx posts strong fiscal Q4 and FY 2017 earnings results
June 21, 2017
Earnings per share for the fiscal fourth quarter at $4.25 on an adjusted basis were well ahead of Wall Street estimates of $3.88 and up 22.4% annually. Revenue was up 17.2% at $15.7 billion, and operating income at $1.76 billion was up 14.3%. For Fiscal Year 2017, revenue at $60.3 billion was up 16.5%, and operating income was up 8.6% at $5.48 billion.
FedEx set to roll out flight from Liege, Belgium to Memphis
March 23, 2017
Effective early next month, FedEx Express, a subsidiary of FedEx will roll out a new flight that connects the Liège, Belgium-based TNT European air hub to the Memphis, Tenn.-based FedEx World Hub, the company said this week.
FedEx, USPS extend air transport contract to 2024
February 24, 2017
Earlier this week, FedEx and the United States Postal Service (USPS) said they have entered into an agreement to extend their air transportation contract, which was originally executed on April 23, 2013, through September 29, 2024.
FedEx posts gains but falls short of Wall Street expectations for fiscal second quarter earnings
December 21, 2016
Quarterly revenue at $14.93 billion was up 16.6 percent annually, operating income at $1.167 billion was up 2.6 percent, and net income at $700 million was up 1.3 percent. Earnings per share at $2.80 were up 7.9 percent annually but did not meet Wall Street expectations of $2.91 per share.
Solid fiscal Q2 earnings for FedEx, coming in ahead of Wall Street estimates
December 17, 2015
Quarterly net income at $691 million was up 4 percent annually, and revenue at $12.5 billion was up 4.8 percent. Operating income at $1.14 million was up 4.4 percent. Quarterly operating margin—at 9.1 percent—was flat, and adjusted earnings per share of $2.58 were up nearly 16 percent and ahead of Wall Street estimates of $2.51 per share.
FedEx rate rolls out 2016 rate increases
September 17, 2015
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.
Reports say FedEx is making major aircraft purchase from Boeing
July 22, 2015
Transportation and logistics bellwether FedEx said yesterday it has agreed to acquire 50 Boeing 767-300 freighters, according to various media reports.
FedEx posts strong fiscal Q3 earnings
March 18, 2015
Quarterly net income of $580 million was up 53 percent annually, and revenue, at $11.7 billion, was up 4 percent. Operating income at $962 million was up 50 percent.
FedEx adds more than 30 origin locations to its International First service offering
October 29, 2014
Earlier this week, FedEx said it is expanding its International First service for early deliveries with the addition of 31 new origin countries, which will bring the total number of origin markets for the service to 97.