By SCMR Staff ·
August 9, 2022
Norton led the Department of Defense’s cyber activities, and Gorman was in key leadership positions at companies from Borden Dairy to Delta Air Lines.
By MMH Staff ·
August 2, 2022
FedEx plans to deploy more AI-robotic automation to streamline operations, while also signing warrant agreement with Berkshire Grey to purchase common stock
By Jeff Berman ·
July 26, 2022
Memphis-based FedEx said that as economic conditions have shifted, it is making operational adjustments to suspend Sunday delivery operations in certain low-density, rural markets, effective the week of Aug. 15.
By Bob Trebilcock ·
July 12, 2022
American Eagle Outfitters has long been a leader in e-fulfillment inside its distribution centers. The next step: Move outside the four walls with a distributed fulfillment network that is shared by other like-minded retailers to compete with the big guys.
By Jeff Berman ·
June 24, 2022
Quarterly revenue—at $24.4 billion—was up 8% annually, and operating income—at $1.9 billion saw a 7% annual increase. Diluted earnings per share—at $6.87—rose 27% annually, topping Wall Street expectations of $6.86. For the full fiscal year, revenue came in at $93.5 billion, for an 11% annual gain, with operating income at $6.87 billion.
By Jeff Berman ·
June 22, 2022
Memphis-based global freight transportation and logistics services provider FedEx and Chicago-based FourKites, a provider of real-time tracking and visibility solutions across transportation modes and digital platforms announced that they have partnered up for a strategic alliance on a new supply chain visibility offering, which connects key data insights from each of their respective networks.
By Jeff Berman ·
May 23, 2022
Memphis-based global freight transportation and logistics services bellwether FedEx and Pittsburgh-based Aurora Innovation Inc., a provider of self-driving technology, recently announced they have taken steps to expand their pilot program, which they have been collaborating on for more than six months, in which FedEx shipments will autonomously move on a new commercial lane in Texas.
By John Schulz ·
May 2, 2022
Leading carrier executives say a key strategy for staying on top is creating a company culture that “sets the tone for everything and everybody.” Investing in new equipment, driver training and salaries doesn’t hurt either.
By John D. Schulz ·
April 1, 2022
Leading carrier executives say a key strategy for staying on top is creating a company culture that “sets the tone for everything and everybody.” Investing in new equipment, driver training and salaries doesn’t hurt either.
By Jeff Berman ·
March 31, 2022
A major part of this United States-based partnership centers around FedEx Express developing plans to test Elroy Air’s Chaparral autonomous air cargo system within FedEx Express’s middle-mile logistics operations and move shipments between sortation locations. The companies have been collaborating going back to January 2020.
By SCMR Staff ·
March 30, 2022
FedEx and Elroy Air work to launch test flights aimed at middle-mile delivery in 2023.
By SCMR Staff ·
March 29, 2022
Frederick W. Smith to serve as executive chairman.
By Jeff Berman ·
March 29, 2022
An official change at the top of the org chart is coming for Memphis-based freight transportation and logistics services bellwether FedEx, with the company announcing this week that effective June 1, Frederick W. Smith, Chairman and Chief Executive Officer, will transition to Executive Chairman, and Raj Subramaniam, President and Chief Operating Officer, assume the position of President and CEO-elect.
By Jeff Berman ·
March 18, 2022
Fiscal third quarter earnings for Memphis-based freight transportation and logistics services bellwether FedEx issued yesterday showed gains, amid various challenges. Quarterly revenue—at $23.6 billion—saw a 10% annual increase, and operating income—at $1.33 billion—saw a 32% annual gain. Diluted earnings per share—at $4.20—were up 27% annually, coming up short of Wall Street expectations at $4.65.
By Jeff Berman ·
February 1, 2022
A customer service advisory issued earlier today by Memphis-based global freight transportation and logistics services titan FedEx stated that the company is again dealing with service disruptions, as was the case earlier this year.