Latest FedEx Corp News

FILE - In this May 14, 2019 file photo, a Cosco Shipping container ship passes the Golden Gate Bridge in San Francisco bound for the Port of Oakland. For major shipping companies dealing with trade wars and a slowing global growth, conditions appear to have deteriorated as 2019 came to a close.  Global shipping and logistics provider Expeditors International said Friday, Jan. 17, 2020 that it expects fourth quarter operating income to fall between $177 million and $183 million.  (AP Photo/Eric Risberg, File)

For some major US shippers, 2019 ended on a sour note

Jan. 17, 2020 1:19 PM EST

For major shipping companies dealing with trade wars and slowing global growth, conditions appear to have deteriorated for some as 2019 came to a close. Global shipping and logistics provider Expeditors International said Friday that it expects fourth quarter operating income to fall between $177 million and...

FILE - In this June 26, 2019, file photo a FedEx truck drives in Philadelphia. Amazon said it will allow its third-party sellers to start using FedEx's ground service again after banning them from using it for about a month during the busy holiday shopping season because FedEx purportedly wasn't delivering on time. (AP Photo/Matt Rourke, File)

Amazon lets third-party sellers use FedEx ground again

Jan. 14, 2020 4:21 PM EST

NEW YORK (AP) — Amazon said it will allow its third-party sellers to start using FedEx's ground service again after banning them from using it for about a month during the busy holiday shopping season because FedEx purportedly wasn't delivering on time. Amazon said FedEx is now getting orders delivered...

This image from video provided by KDKA TV shows the scene near Greensburg, Pa. along the Pennsylvania Turnpike where at least five people were killed and dozens were injured in a crash early Sunday, Jan. 5, 2020 that involved multiple vehicles, a transportation official said. (KDKA TV via AP)

5 dead, 60 hospitalized in Pennsylvania Turnpike crash

Jan. 5, 2020 9:53 PM EST

Five people were killed and about 60 were injured on the Pennsylvania Turnpike early Sunday morning, when a loaded bus went out of control on a hill and rolled over, setting off a chain reaction that involved three tractor-trailers and a passenger car. The injured victims, ranging from 7 to 67 years old, are all...

In this Dec. 17, 2019, photo Amazon robots move along the warehouse floor with packages before finding the proper delivery chute, transporting packages from workers to chutes that are organized by zip code, at an Amazon warehouse facility in Goodyear, Ariz. Amazon and its rivals are increasingly requiring warehouse employees to get used to working with robots. The company now has more than 200,000 robotic vehicles it calls “drives” that are moving goods through its delivery-fulfillment centers around the U.S. (AP Photo/Ross D. Franklin)

As robots take over warehousing, workers pushed to adapt

Dec. 30, 2019 12:24 PM EST

NORTH HAVEN, Conn. (AP) — Robots haven't replaced warehouse workers yet, but they're here — and they need some human supervision. Doing your job side-by-side with robots isn't easy. According to their makers, the machines should take on the most mundane and physically strenuous tasks. In reality,...

In this Dec. 17, 2019, photo an Amazon robot sends a package down a chute, transporting packages from workers to chutes that are organized by zip code, at an Amazon warehouse facility in Goodyear, Ariz. The tech giant is still rolling out new models descended from the Kiva line, including the Pegasus, a squarish vehicle with a conveyor belt on top that can be found working the early-morning shift at a warehouse in the Phoenix suburb of Goodyear. (AP Photo/Ross D. Franklin)

As robots take over warehousing, workers pushed to adapt

Dec. 30, 2019 12:22 PM EST

NORTH HAVEN, Conn. (AP) — Guess who's getting used to working with robots in their everyday lives? The very same warehouse workers once predicted to be losing their jobs to mechanical replacements. But doing your job side-by-side with robots isn't easy. According to their makers, the machines should take...

FILE - In this Dec. 11, 2019, file photo specialist Thomas McArdle, left, and trader Jonathan Corpina, right, work on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Wednesday, Dec. 18. (AP Photo/Richard Drew, File)

Global stocks dip after Trump impeachment vote

Dec. 19, 2019 8:23 AM EST

BEIJING (AP) — Global stock markets mostly dipped Thursday after the U.S. House of Representatives voted to impeach President Donald Trump and the central banks of Japan and Britain kept their interest rates low. The London stock index was up slightly while Frankfurt, London and Shanghai were little...

Steelcase, Cigna and Cintas gain; FedEx, Fiat Chrysler dip

Dec. 18, 2019 5:02 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday: FedEx Corp., down $16.37 to $146.86 The shipping giant reported a 40% earnings drop and its relationship with Amazon has soured. Fiat Chrysler Automobiles NV, down 14 cents to $15.19 The company is combining with PSA Peugeot...

FILE - In this June 26, 2019, file photo a FedEx truck drives in Philadelphia. FedEx reports earnings Tuesday, Dec. 17.  (AP Photo/Matt Rourke, File)

FedEx profit falls 40% amid higher costs, loss of Amazon

Dec. 17, 2019 7:50 PM EST

NEW YORK (AP) — FedEx said Tuesday that its profit fell 40% in its most recent quarter, hurt by higher costs, a shorter holiday shipping season and its move to cut ties with online shopping giant Amazon. The package delivery company also cut its earnings expectations for the year. Its stock tumbled almost...

FILE - In this June 25, 2019, file photo, a FedEx Ground package van pulls into a business driveway in this north Jackson, Miss., facility. Amazon is banning its third-party merchants from using FedEx's ground service to deliver to Prime members, suggesting that it thinks the service is too slow to get packages to their destinations in time for Christmas. (AP Photo/Rogelio V. Solis, File)

Amazon bans sellers from using FedEx for some deliveries

Dec. 16, 2019 7:43 PM EST

NEW YORK (AP) — Amazon is banning its third-party merchants from using FedEx's ground service to deliver to Prime members, suggesting that it thinks the service is too slow to get packages to their destinations in time for Christmas. The temporary ban will block those companies from using FedEx Ground...

FILE- In this Aug. 3, 2017, file photo, packages ride on a conveyor system at an Amazon fulfillment center in Baltimore. Amazon, Walmart and others are promising to deliver more of their goods in a day and this holiday season will be the first real test of whether they can make that happen. (AP Photo/Patrick Semansky, File)

Holiday stress: Amazon, others under gun for 1-day delivery

Nov. 28, 2019 8:48 AM EST

NEW YORK (AP) — This year, holiday stress may take on a whole new meaning for online retailers. Amazon, Walmart and others have promised to deliver more of their orders within 24 hours of customers clicking on “Buy.” The coming weeks will be the first test of whether they can make that happen...