Tag: FedEx Express

FedEx Express starts up new sorter at Stuttgart Air Gateway

FedEx Express has expanded its Stuttgart Air Gateway and commissioned a new sorter at the site. The new set-up significantly improves handling speed and capacity, making it well equipped to meet export and import demand from customers in the region. In addition to more than tripling sorting ca...

Textron Aviation celebrates first delivery of the new Cessna SkyCourier to FedEx Express

Textron Aviation today announced the first delivery of the Cessna SkyCourier twin utility turboprop to FedEx Express. This is the first of 50 freighter aircraft that global logistics firm FedEx Express ordered as the Cessna SkyCourier’s launch customer. The clean-sheet aircraft achieved Fede...

FedEx Fleet Modernization Continues with Introduction of New Boeing 767F

FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX), and the world’s largest express transportation company, is continuing to modernize its European air fleet to improve environmental performance and operational efficiency, with the introduction of a new Boeing 767F cargo jet into its ...

cargo plane

Madrid-Paris route gains additional cargo capacity with Boeing 767F freighter

FedEx Express has introduced new Boeing 767 freighter, with the capacity to transport up to 40 tonnes of cargo, into its European fleet. Scheduled to operate five times a week and connect the FedEx operations centers in Madrid and Paris-Charles de Gaulle, along with Cologne and Liege. “We a...

FedEx and Air Seychelles speed up customs clearance process

Air Seychelles - the official licensee of Federal Express in Seychelles - has recently introduced a brand new service to facilitate the customs clearance process for its customers. Launched earlier this month, the new service support customers with the creation and filing of a bill of entry dire...

FedEx teams up with Wing Aviation and Walgreens for drone service

FedEx Express is collaborating with Wing Aviation and retailer Walgreens to launch a first-of-its-kind drone delivery service in Christiansburg, Virginia next month. The pilot program will demonstrate the many benefits of drone delivery to communities by exploring methods to enhance last-mile de...

FedEx reports profit fall in first quarter of fiscal year

FedEx has reported for the first quarter ending 31 August a profit of $745 million, compared with $835 million a year earlier, as a weakening global macro environment negatively impacted business. Revenue declined very slightly to $17.05 billion in the first quarter. FedEx said operating resu...

FedEx to acquire Colombian perishables freight forwarding specialist Cargex

FedEx Corp. is to acquire Colombian freight forwarder Cargex, a specialist in the export management of perishable goods. The deal will also see FedEx buy Agencias de Aduanas Aduanamos S.A. Nivel 2, an affiliate of Cargex specialising in customs brokerage services. FedEx said this addition str...

FedEx Express to invest an additional $450m in Memphis hub

FedEx is to make an additional $450 million investment in its FedEx Express World Hub in Memphis, Tennessee to meet future growth. The move will accelerate the modernisation and expansion project which was announced in March 2018 and now totals more than $1.5 billion. The FedEx World Hub, whi...

FedEx Express appoints SAB Express as provider in Saudi Arabia

FedEx Express has appointed SAB Express (SAB) as the global service provider for its international services, connecting Saudi Arabia with more than 220 countries and territories. “SAB has been a long-term service provider to TNT business in Saudi Arabia, and following TNT’s acquisition by Fe...

FedEx Express retains top spot in IATA WATS rankings

FedEx Express has retained its top spot as the world’s busiest air cargo carrier in the 2019 IATA World Air Transport Statistics (WATS) which have been released by the association. The US express freight operator came top for the amount of freight tonne kilometres (FTKs) in 2018 with 17,499 mi...

FedEx introduces a new B767F into Europe on Dublin-London-Paris route

FedEx Express (FedEx) has introduced a new Boeing 767F freighter into its European fleet which it said gives Dublin businesses greater opportunity to trade globally due to the increase in capacity on the route it will operate. As part of its ongoing fleet modernisation strategy, the new freighte...

FedEx Express launches new Colombia route to meet demand for perishables

FedEx Express has launched a new flight that will operate six times per week between Miami, Bogota, and Medellin to meet demand for perishables from Colombia. The express freight firm said the new Boeing 767F flight will facilitate the arrival of Colombian products to the US through its Gateway ...

FedEx renames Australian acquisition Manton Air-Sea to FedEx Logistics

FedEx Logistics - a subsidiary of FedEx Corp - has renamed Manton Air-Sea Pty Ltd - an Australian freight forwarding and 3PL company it acquired in October 2018 - as FedEx Logistics (Australia) Pty Ltd. FedEx Logistics Australia, which is headquartered in Sydney and has locations in Melbourne a...

FedEx reports fourth quarter net loss of $1.97bn

FedEx has reported a net loss of US$1.97 billion for the fourth quarter (Q4) ending 31 May as the US-China trade dispute and weak trade demand impacted results. In the same quarter in 2018, the express freight firm achieved a net profit of $1.13 billion. Q4 operating income was down to $1.32 ...

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