FedEx threatens to pull brand from FedExField
FedEx founder, chairman and CEO Frederick Smith also is looking to sell his ownership stake in the NFL Redskins franchise, The Washington Post reported.
Topic: FedEx
RSSThere are 441 article(s) tagged FedEx:
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July 2020
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FedEx offers COVID-19 tests to its Memphis employees, vendors
FedEx has launched voluntary COVID-19 testing for Memphis area employees and on-site vendors. Testing sites are at FedEx Express world headquarters and near the hub at Memphis International Airport.
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Fred Smith helps make Washington’s NFL team do the right thing
The team name in question, of course, is Redskins. It has been a standing insult to our country’s first peoples since the team was created in 1933.
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FedEx fights to grow profits in pandemic
E-commerce and a shortage of air cargo capacity pushed FedEx fourth quarter earnings well past analysts' expectations. Analysts wonder if trends will continue – and produce a desired goal of double-digit profits.
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Sports Notebook: Serious NBA ‘bubble’ concerns; FedEx wants ‘Redskins’ name changed
From Ja Morant to Damian Lillard, NBA players have concerns about the Orlando "bubble" and continued safety; plus, FedEx makes a formal request for NFL's Washington Redskins to change the team's name.
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FedEx requests NFL ‘team in Washington’ change its name
FedEx Corp. chairman and CEO Frederick W. Smith is a 10% owner of the team.
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June 2020
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FedEx expects e-commerce boom here to stay
Memphis-based FedEx said it does not expect surging e-commerce business to weaken post-COVID-19. Earnings reported Tuesday beat Wall Street estimates.
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FedEx earnings should show COVID impact
COVID-19, trade wars and efforts to increase efficiency and lower costs in residential deliveries are expected to be front and center when FedEx reports fiscal 2020 and quarterly earnings.
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FedEx skips exec bonuses, downgrades office unit
A non-cash asset impairment charge related to FedEx Office's difficulties during the COVID-19 pandemic has depleted the remaining goodwill value of $2.2 billion, 2004 acquisition.
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FedEx backs civil rights through NASCAR connection
FedEx gave a major donation to the National Civil Rights Museum in Memphis, and the company-sponsored NASCAR racing team featured the museum logo at Talladega SuperSpeedway Sunday, June 21.
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Memphis airport cargo up 7.9%, powered by FedEx
Both domestic and international air freight showed strong gains at Memphis International Airport in May, reflecting a surge in shipping activity related to COVID-19.
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FedEx unveils COVID-19 peak surcharge
FedEx is adding a 30 cents-a-package surcharge for some residential deliveries as a result of a volume spike associated with the COVID-19 pandemic.
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FedEx execs moving up as Alan Graf succession unfolds
Alan Graf's plan to retire later this year as FedEx CFO means promotions for Michael Lenz, Bert Nappier, Karen Reddington and Kawal Preet.
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FedEx leaders speak out after St. Louis protester death
FedEx Corp.'s top two executives reassured U.S. employees and global leadership Monday, June 1, of the company's commitment to combating racism and other biases and promoting a diverse workforce.
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May 2020
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FedEx offers #SupportSmall business grants
FedEx's new #SupportSmall business grant program is accepting applications through June 12. Winners will receive $5,000 grants and $500 in print and business services.
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Memphis airport traffic starting to rebound
Memphis International Airport passenger traffic fell 95% in April and appeared to start rebounding in May, while cargo activity strengthened during the COVID-19 pandemic.
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Coronavirus live blog, May 15: Health Department anticipates making Phase 2 announcement Monday
Shelby County Health Department Director Alisa Haushalter said there are “no significant barriers” to reopening, but that it would be premature to reopen before the full 14 days.
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Passengers expected to return slowly to Memphis airport
Memphis International Airport will use a coronavirus stimulus grant to offset passenger losses, while depending on FedEx and other cargo carriers to shoulder the bulk of airfield operating costs.
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FedEx sees no impact from announced protest by workers
FedEx said an announced national job action against several companies in the e-commerce and shipping businesses had "no impact" on operations Friday.
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April 2020
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FedEx, BigCommerce looking to help small companies grow online business
FedEx announced a new alliance with BigCommerce, a rival of Shopify, to help small and medium-sized businesses sell goods online.
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Former FedEx exec Margaritis leads startup’s foray into CBD oil production
A former FedEx senior vice president has designs on tapping a growing market for cannabidiol (CBD) oil. A new Rossville production facility's output will be initially used in Easyriders-branded products.
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Airport explores downsizing to single concourse during pandemic
FedEx's landing fees will help Memphis International Airport balance its budget amid discussion of putting all passenger airlines in a single concourse until traffic rebounds from COVID-19.
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Aid package throws lifeline to Memphis airport, but COVID-19 dashes chances of record year
The Memphis airport has gone from 6,000-plus passengers and 80-90 flights a day to 20 or fewer flights and a few hundred passengers as COVID-19 hammers air travel.
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FedEx details participation in FEMA-led airlift of COVID-19 relief
FedEx, UPS and other cargo carriers are on board with FEMA-led airlift of relief supplies into the U.S. to fight the COVID-19 pandemic.
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Report: Amazon suspends plan to compete directly with FedEx, UPS
Amazon will suspend Amazon Shipping in June to focus on delivering its own packages. It had been testing a delivery service competing directly with FedEx and UPS in certain markets.
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