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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 to open its first advanced capability community in India
FedEx has announced plans to open its first Advanced Capability Community (ACC) in Hyderabad in 2023 as part of a...

FedEx delivers critical aid to Turkiye/ Syria
FedEx Express (FedEx), a subsidiary of FedEx Corp and the world’s largest express transportation company, is using its...

The ‘flexport’ of Europe
It has been about a year since Torsten Wefers was appointed the new vice president of marketing and sales at Liege...

Cargo Shots by The STAT Trade Times - 03 February 2023
Cargo Shots by The STAT Trade Times powered by Group Concorde - 03 February 2023 Our pick of the best news that made...

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...

Boeing delivers 44 production freighters in 2022
Boeing delivered 44 new production freighters in 2022 compared to 41 in 2021 to customers ranging from Maersk Aviation,...

Cargo Shots by The STAT Trade Times - 23 December 2022
Cargo Shots by The STAT Trade Times powered by Group Concorde - 23 December 2022Our pick of the best news that made...

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...

FedEx Q2 net income drops 24% to $788mn
FedEx reported a 24 percent decline in net income to $788 million for the second quarter ended November 30, 2022...

FedEx to launch expanded consolidated returns solution in 2023
FedEx announced the launch of FedEx Consolidated Returns in the U.S., a solution that offers a low-priced, easy...

FedEx Impact: $20bn additional economic output
Business activities by FedEx create an estimated $20 billion in additional net economic output around the world,...
