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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

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

In Final Holiday Push, UPS Grabs Its Accountants to Deliver Packages

Parcel giant works to clear problems caused by the surge of e-commerce orders coupled with the tight market for seasonal workers Scrambling to deliver a crush of holiday shipments before Christmas, United Parcel Service Inc. is using hundreds of its accountants, marketers and other office staff to deliver packages at the

New International Bonded Couriers facility targets cross-border e-commerce

International Bonded Couriers (IBC) announced the opening of its fourth Express Consignment Clearance Facility (ECCF) at Chicago’s O’Hare Airport (ORD), with the international logistics company saying that the expansion will streamline the duty-free import of e-commerce parcels and other time-sensitive shipments. IBC specializes in Section 321 shipments, the designation for goods

FedEx Corporation (FDX) Expects a Record Holiday Season

FedEx Corporation (NYSE: FDX) continued its positive momentum when the company reported strong earnings and sales numbers in its fiscal second quarter. FedEx now appears to be well-positioned for a huge holiday delivery season that could propel its stock even higher in the coming months. FedEx reported adjusted earnings per share of $3.18 on

FedEx quarterly profit rises on strong package volume, global economy

(Reuters) - Package delivery company FedEx Corp on Tuesday reported a better-than-expected quarterly net profit due to strong global demand and increased volumes during the peak holiday shipping season, but said its results were hit by lingering effects from a June cyber attack on its Dutch TNT Express unit. The Memphis-based company, often