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FedEx has 37 jets parked, aircraft capex to be reduced
FedEx currently has 37 jet aircraft parked, which is up from 20 last quarter, and is planning to retire nine more MD-11s...
FedEx names Sriram Krishnasamy as Chief Digital & Information Officer
Sriram Krishnasamy, currently EVP and Chief Transformation Officer, FedEx and the President & CEO, FedEx Dataworks,...
Focus on DRIVE, revenue quality improves FedEx operating income
FedEx reported a 19 percent increase in operating income at $1.24 billion for the third quarter ended February 29...
FedEx launches Tricolor campaign to drive Express recast
With the rapid growth of e-commerce and as volume mix continues to shift to deferred, FedEx has identified the need to...
FedEx Q2 revenue down 3%, outlook muted
NYSE-listed FedEx reported a three percent decline in adjusted revenue at $22.2 billion for the second quarter ended...
Qatar Airways Cargo launches latest product Drive
Qatar Airways Cargo announced its latest product, Drive. Designed to transport various types of automobiles by air,...
FedEx Q1 net income up 23%, revenue drops 6%
FedEx reported a six percent decline in revenue at $21.7 billion while net income increased 23 percent to $1.08 billion...
FedEx Q4 revenue at $21.9bn, ends fiscal 2023 with $90.2bn revenue
FedEx reported a 10 percent decline in fourth quarter revenue at $21.9 billion compared to $24.4 billion in...
FedEx Q3 revenue down 6%, operating income drops 20%
FedEx reported a six percent decline in revenue at $22.2 billion for the third quarter ended February 28, 2023 on...
FedEx lays off 10% global management staff
FedEx announced plans to reduce the "size of officer and director team by more than 10 percent and consolidate some...
FedEx DRIVE to save $4bn by FY25
FedEx is banking on its DRIVE programme to reduce more than $4 billion in structural costs by FY25.Managed by Sriram...