News

FedEx is adding a new import fee for the European Union and increasing delivery and pickup surcharges for more than 200 zip codes, as it continues to squeeze customers for revenue by means other than general rate increases. The post FedEx spreads shipping fees to EU, more zip codes appeared first on FreightWaves.

The FedEx CEO built a legendary career by saying yes to every opportunity that crossed his path. At 63, that same instinct could quietly wreck the one retirement move you cannot undo.

Raj Subramaniam became the second-ever CEO of FedEx by taking every opportunity thrown his way—including his roommate’s job interview.

American Airlines’ board of directors has elected former FedEx and Atlas Air executive as its newest member. The post Former FedEx CFO John Dietrich joins American Airlines board appeared first on FreightWaves.

Investing.com -- Citizens initiated coverage of the Transportation, Logistics & Services group with twenty-two names, naming FedEx among its top large-cap picks alongside FTAI Aviation, Union Pacific and C.H. Robinson, according to a note from analyst Jeff Kauffman.

Pre-Market Stock Futures: Futures are trading higher after a nice bounce-back day for Wall Street, as a tepid June consumer price index report, combined with the President dropping the big Strait of Hormuz tolls, brought buyers back to the table. When the final bell rang, all of the major indices finished the day higher. The ... Here Are Wednesday’s Top Wall Street Analyst Research Calls: Allstate, AMC Entertainment, Boeing, CAVA Group, Check Point Software, Digital Realty Trust, FedEx, IBM, UPS

FedEx (FDX) and UPS spent half a century as the only two names that mattered in American package delivery. They built the aircraft fleets, sorting hubs and delivery routes that turned next-day shipping into a routine promise. The company that once filled those planes and trucks with its own ...

The top 25 of companies in the sector generate $502.2 billion in market capitalization.

Amazon's Low-Cost Shipping Push Raises the Stakes for UPS and FedEx

Amazon's low-cost delivery expansion could intensify competition as overnight shipping may be added in the future.

FedEx has launched a life sciences division, building on its healthcare logistics infrastructure to provide more end-to-end services. The post New FedEx life sciences unit integrates healthcare logistics capabilities appeared first on FreightWaves.

Fewer surcharges are among the tactics the service is using to gain market share after opening to all businesses earlier this year, experts said.

FedEx's steady expansion stands in sharp contrast to UPS's quarterly volatility — and the gap is widening.

CMA CGM is buying FedEx Supply Chain for $1.4B, sharply expanding CEVA Logistics' North American warehouse and distribution footprint.

FedEx is guiding for a major profit acceleration, but on its latest earnings call, analysts pressed hard on whether the growth is real or just a story of well-timed costs.

Enhancements to the carrier’s sales workforce and tech are positioning the business for revenue growth in H2.

FedEx is selling FedEx Supply Chain to shipping giant CMA CGM for $1.4 billion, narrowing its focus to premium B2B shipping, logistics, and freight moves.

CMA CGM expands North American logistics while FedEx sharpens focus on its core parcel business.

Patrick Moebel, who spent years running FedEx Logistics and Geodis’s North American business, was named CEO of Ceva Logistics on Wednesday. The post CMA CGM hires FedEx executive Moebel to lead Ceva Logistics appeared first on FreightWaves.

The sale of FedEx Supply Chain nearly triples Ceva Logistics' North American contract logistics footprint while sharpening FedEx's focus on parcel delivery.

Investing.com -- Goldman Sachs initiated coverage of FedEx Freight Holding with a Buy rating and a $186 price target, implying roughly 23% upside from current levels, citing the newly independent less-than-truckload carrier’s potential to improve profitability, pricing power and cash generation following its spin-off from FedEx.

FedEx (FDX) has agreed to sell its supply chain subsidiary to French shipping and logistics firm CMA

French container shipping company CMA CGM Group said Wednesday it will buy FedEx Supply Chain, the third-party logistics subsidiary of FedEx for $1.4 billion, as it works to expand in the U.S. CMA CGM Group said the acquisition will triple the size of its own logistics arm, CEVA Logistics and help build its presence as a contract logistics provider in North America. In 2025, CMA CGM pledged to invest $20 billion in its U.S. warehousing, air cargo and logistics over four years.

Investing.com -- French shipping giant CMA CGM has agreed to acquire FedEx's third-party logistics business for an enterprise value of $1.4 billion in cash, the company confirmed Wednesday, July 1, stripping FedEx of its largest warehousing and contract logistics operation in a deal that extends a sweeping restructuring of the U.S. package delivery giant.

The deal would nearly triple the size of CEVA Logistics' North American contract logistics operations and includes multiyear air and ocean freight agreements

FedEx is selling off its supply chain services division to CMA CGM, which will fold the business into its Ceva Logistics subsidiary. The post FedEx sells supply chain unit to CMA CGM for $1.4B appeared first on FreightWaves.

CMA CGM will offer ocean transport and carrier services under a nonexclusive agreement with FedEx and the companies will also work together on select air-cargo capacity solutions.

Once the deal for FedEx Supply Chain is complete, the two companies also plan to solidify multiyear ocean and air freight agreements.

French container shipping group CMA CGM is nearing a deal to buy FedEx’s third-party logistics business for $1.4bn in cash, further strengthening...

FedEx will be closing its local shipping center at 2200 Ragu Drive next month. According to David Westrick, a FedEx spokesman, the facility will be closing permanently on Aug. 29. Westrick said he could not provide any specific details about the number of employees that will be affected or how this will affect local FedEx shipping services. Local customers have already started receiving emails ...