Latest FedEx Corp News

Sizing up the 2019 holiday shopping season for retailers

Nov. 14, 2019 10:43 AM EST

NEW YORK (AP) — With two weeks until the official start of the holiday shopping season, the nation’s retailers are gearing up for what should be another brutally competitive shopping period. The good news? Many retail CEOs say the U.S. consumer is financially healthy given the economy remains strong...

Google affiliate begins drone deliveries in Virginia town

Oct. 18, 2019 6:31 PM EDT

A Google affiliate started using drones Friday to deliver customers' Walgreens and FedEx purchases in a test being run in a Virginia town. Wing, which is owned by Google parent Alphabet, received federal approval earlier this year to make commercial deliveries by drone. It was the first drone company to receive...

FedEx files $212M building permit for world hub in Tennessee

Oct. 17, 2019 9:29 AM EDT

MEMPHIS, Tenn. (AP) — FedEx officials confirm the company has filed a building permit for its new package sorting facility and world hub in Tennessee. The Memphis Commercial Appeal reports the $212 million permit filed Tuesday indicates the company could soon begin work on the Express World Hub at the...

Shoppers have more options to return online purchases

Oct. 2, 2019 10:04 AM EDT

NEW YORK (AP) — Ahead of the holiday season, shoppers have more options to return unwanted items bought online as retailers look for new ways to drive traffic. Plenty of retailers like Target and Walmart allow shoppers to easily drop off online returns at their stores. But now, a growing number of...

UPS gets government approval to become a drone airline

Oct. 1, 2019 6:03 PM EDT

DALLAS (AP) — UPS has won government approval to operate a nationwide fleet of drones, which will let the company expand deliveries on hospital campuses and move it one step closer to making deliveries to consumers. Many regulatory obstacles remain, however, before UPS — or other operators who are...

China: FedEx pilot suspected of 'smuggling weapons'

Sep. 20, 2019 5:19 AM EDT

BEIJING (AP) — A FedEx pilot who was detained in southern China is under investigation on suspicion of "smuggling weapons and ammunition" after air gun pellets were found in his baggage, a foreign ministry spokesman said Friday. The pilot was detained Sept. 12 in Guangzhou while boarding a flight to Hong...

A FedEx pilot is detained before boarding a flight in China

Sep. 19, 2019 4:55 PM EDT

FedEx says one of its pilots was detained in China after an item was found in his luggage before he boarded a commercial flight. The company said Thursday the pilot was later released, and it is working with Chinese authorities to understand what happened at the airport in Guangzhou, in southern China. The Wall...

Asian shares mixed following Fed's decision to cut rates

Sep. 19, 2019 12:02 AM EDT

BANGKOK (AP) — Shares were mixed in Asia on Thursday, with Tokyo and Sydney logging modest gains after the Federal Reserve cut its benchmark interest rate for a second time this year, citing slowing global economic growth and uncertainty over U.S. trade conflicts. Japan's central bank opted to keep its own...

Markets Right Now: Stocks sink then recover after Fed cut

Sep. 18, 2019 4:26 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4:00 p.m. Stocks are rebounding at the close of trading, led by banks and big tech names, after the Federal Reserve delivered an expected cut in interest rates. Stocks initially fell after the Fed announcement, after the Fed...

Adobe and FedEx stumble while Lennar and CDW advance

Sep. 18, 2019 4:24 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday. Adobe Inc., down $4.97 to $279.72 The software maker gave investors a disappointing profit forecast for its fiscal fourth quarter. FedEx Corp., down $22.39 to $150.91 The package delivery company's fiscal first quarter profit...