Shipping giant FedEx Corporation (NYSE: FDX) “fired” Amazon.com, Inc. (NASDAQ: AMZN) as a customer ahead of the 2019 holiday season, and it was the right move, Broughton Capital managing partner Don Brouhgton said Friday on CNBC’s “Squawk Box.” Continue reading →
Note: Several of our readers have pointed out that the statement “Rival United Parcel Service Inc. closed its pension plan to new workers in 2016.” is inaccurate: the closure applied only to non-union employees.
FedEx Corp. is overhauling its retirement program as it adjusts to broader changes in the workplace.Continue reading →
PLANO, Texas, July 1, 2019 – FedEx Office, a world-class provider of convenient, state-of-the-art printing, packing, and shipping services and subsidiary of FedEx Corp. (NYSE: FDX) and RushMyPassport are teaming up to offer expedited U.S. passport services nationwide to travelers beginning this summer. Continue reading →
Will UPS follow the lead of FedEx and start delivering packages on Sunday? A story in the Atlanta Business Chronicle says the company has no immediate plans to do so: Continue reading →
Transformational operational changes also enhance last-mile efficiency by integrating FedEx SmartPost volume into standard operations and adding large package capabilitiesContinue reading →
Memphis, TN – After a three-day jury trial, a Memphis man was found guilty for obstruction of mail. U.S. Attorney D. Michael Dunavant for the Western District of Tennessee announced the guilty verdict today. Continue reading →
MEMPHIS, Tenn.–(BUSINESS WIRE)–FedEx Corp. (NYSE:FDX) announced today a development in cutting-edge delivery solutions to meet the rapidly changing needs of consumers — the FedEx SameDay Bot — an autonomous delivery device designed to help retailers make same-day and last-mile deliveries to their customers. Continue reading →
Fred Smith, founder, and CEO of FedEx told Bloomberg this morning that they don’t see any negative impact from Amazon doing more of their deliveries themselves. Smith says that the biggest entity that will lose business as Amazon implements its own delivery force is the US Postal Service:
“I don’t think it (Amazon’s split HQ announcement) has too much to do with FedEx,” said Smith. “You’ve got to remember that Amazon is delivering things from their fulfillment center to customers. We’re picking up, transporting, and delivering things from every person and business in the world to every other business. The biggest single provider of delivery services to the Amazon fulfillment network is not us, it’s the US Postal Service. They’re the ones that Amazon’s proprietary or indigenous delivery system will take the most volume from.”
“Amazon’s a good customer” Smith added. “We think they will be a bigger customer in the years to come if they continue to grow and they certainly should, but they are going to do some of their deliveries themselves for many reasons. The biggest single entity that will lose traffic as Amazon puts out its contractor delivery force is the US Postal Service.”