Latest FedEx Corp News

Floats that are part of the modified Macy's Thanksgiving Day Parade are seen from the Empire State Building in New York, Thursday, Nov. 26, 2020. Due to the pandemic, no crowds of onlookers were allowed to attend the annual parade. (AP Photo/Craig Ruttle)

Holiday trends to watch: Adult Play-Doh; stores that ship

Nov. 26, 2020 7:24 PM EST

NEW YORK (AP) — The pandemic is turning this into a holiday shopping season like no other. Toy companies are targeting stuck-at-home grown-ups with latte-smelling Play-Doh and Legos that turn into Warhols. Those who added a puppy to their family during the pandemic will see tons of gift options for their...

FILE - In this Oct. 1, 2020 file photo, an Amazon logo appears on an Amazon delivery van, in Boston. Amazon opened an online pharmacy Tuesday, Nov. 17 giving shoppers the chance to buy their medication and order refills on their phones and computers and have it delivered to their doorsteps in a couple of days. (AP Photo/Steven Senne, File)

Amazon opens online pharmacy, shaking up another industry

Nov. 17, 2020 6:05 PM EST

NEW YORK (AP) — Now at insulin and inhalers. The retail colossus opened an online pharmacy Tuesday that allows customers to order medication or prescription refills, and have them delivered to their front door in a couple of days. The potential impact of Amazon's arrival in the pharmaceutical...

A sign in the window of a FedEx office reads,

Online shopping surge could lead to holiday delivery delays

Nov. 12, 2020 4:00 PM EST

NEW YORK (AP) — Retailers and carriers are preparing for an online holiday shopping surge that could tax shipping networks and lead to delivery delays. FedEx and UPS are ramping up their holiday hiring while expanding their weekend operations and asking retailers to use their shipping network when there is...

In this July 27, 2020 file photo, the tails of three UPS aircraft are shown parked at Miami International Airport in Miami. UPS, whose brown delivery trucks have become omnipresent on neighborhood streets during the pandemic, is reporting strong profits and revenue in its most recent quarter.  (AP Photo/Wilfredo Lee, File)

Demand for delivery boosts UPS revenue, but costs rise too

Oct. 28, 2020 4:56 PM EDT

Profit and revenue are rising at UPS, whose brown delivery trucks have become omnipresent on neighborhood streets during the pandemic, but so are costs. The company reported Wednesday that third-quarter profit rose 12% to $1.96 billion. With higher volume of packages to deliver, revenue climbed 16% to $21.24...