FedEx Express revenue and adjusted operating income dropped by 6% and 49% in Q2 FY24. The decline was caused by USPS's shift from air to ground services and weakness in industrial production. The ...

FedEx provided details on its plan to consolidate its Ground, Express and Service units by 2024, announced last year, with its less-than-truckload Freight unit remaining separate, projecting cost ...

FedEx is rolling up several operating divisions under one roof as the freight and shipping conglomerate aims to reduce $4 billion in costs by fiscal 2025. This phased transition will bring air freight ...

NEW YORK (AP) — FedEx will combine almost all of its ground, air and other operations by next year as part of a $4 billion cost cutting plan. The package delivery company said Wednesday that FedEx ...

Overnight delivery pioneer FedEx is one of three large national carriers that dominate the for-hire small-parcel delivery landscape—FedEx and UPS are the major U.S. incumbents, while DHL Express leads ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Typically, Ground packages have ...

People hoping to get their holiday shopping delivered on time could be caught in the middle of a growing battle between FedEx and thousands of contractors who deliver most FedEx packages. Many of the ...

FedEx Ground operations and personnel in Canada will soon transition to FedEx Express, the Memphis-based logistics giant announced Tuesday. The change will take place in phases beginning in April 2024 ...

FedEx will combine almost all of its ground, air and other operations by next year as part of a $4 billion cost cutting plan. The package delivery company said Wednesday that FedEx Express, FedEx ...

A FedEx truck makes deliveries in Mount Lebanon, Pa., on Monday, Jan. 23, 2023. FedEx will combine its air, ground and other divisions as part of a $4 billion cost cutting plan. The delivery company ...