Tag: FedEx Corp

FedEx reports strong revenue and earnings growth in second quarter

Posted by | Dec 16, 2004 | |

FedEx Corp. reported the following consolidated results for the second quarter:
revenue of USD7.33 billion, up 24% from USD5.92 billion the previous year, operating income of USD600 million, up from USD183 million a year ago operating margin of 8.2%, up from last year’s 3.1% and net income of USD354 million, up from USD91 million the previous year. “We have very strong momentum across our business segments,” said Frederick W. Smith, chairman, president and chief executive officer. “Global and U.S. economic conditions remain favorable, and businesses are replenishing inventories and investing at a healthy pace. The demand for FedEx services is strong and we are highly optimistic about our growth and profitability during the second half of our fiscal year.”

Read More

DOT orders FedEx to repay USD29 million

Posted by | Nov 12, 2004 | |

FedEx Corp. is challenging an order by the US Department of Transportation to repay USD29 million of the federal money it received after the 2001 terrorist attacks, a spokesman said Friday. The Air Transportation Safety and System Stabilization Act provided financial relief to US air carriers after the Sept. 11, 2001, attacks. FedEx was paid USD101 million under the act in 2002. But a review by the Department of Transportation determined that the company was only entitled to USD72 million and it wants FedEx to repay the rest. “We will vigorously challenge this,” FedEx spokesman Jess Bunn said. “We’ve already started looking at various ways to appeal this decision.”

Read More

FedEx Honored As One of the World’s Most Admired Companies

Posted by | Feb 27, 2004 | |

FedEx Corp. was honored today as one of the Top 10 most admired companies in the world by Fortune magazine. It is the company’s third consecutive year to finish in the Top 10 on Fortune’s “Global Most Admired” list, and follows FORTUNE’s recognition of FedEx as one of the Top-10 “America’s Most Admired” companies last week for the third consecutive year. Earlier this month, FedEx was rated seventh, its highest-ever ranking, in the Harris Interactive/ Reputation Institute’s annual corporate reputation survey published in The Wall Street Journal. FedEx is one of the only companies to rank this highly in all three reputation surveys and the only transportation company to be included in the Top 10 in all three reputation surveys.

Read More

FedEx Completes Acquisition of Kinko’s; Strategic Move allows FedEx To Capitalize on Key Business Trends

Posted by | Feb 12, 2004 | |

FedEx Corporation today announced it has completed the USD2.4 billion acquisition of Kinko’s, Inc. from Clayton, Dubilier & Rice, Inc., which previously owned the majority of Kinko’s outstanding shares. “FedEx and Kinko’s share a similar heritage, culture and commitment to superior service, and together we will give our customers even greater access to the global marketplace,” said Frederick W. Smith, chairman, president and chief executive officer of FedEx Corp. “This combination will allow us to increase access to FedEx shipping services and capitalize on key business trends, including cost-effective corporate outsourcing, digital document management and connectivity for the mobile professional. At the same time, this acquisition is consistent with our long-term financial goals and will help FedEx continue to deliver shareholder value.”

Read More

FDX/Kinkos Initial Thoughts

Posted by | Dec 30, 2003 | |

FDX announced its intention to purchase Kinko’s for $2.4 billion in cash
from Clayton, Dubilier & Rice. The deal is expected to close in C1Q:04.
Comments from Bear Stearns
Comment from Barry Hansen: Paul, something else for Deutsche Post to ponder. Airborne is in with Office Max, but I don’t see that as a great fit. People do not go there to do office type work, but to buy office type supplies. Barry

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

What's the future of the postal USO?

Thank you for voting
You have already voted on this poll!
Please select an option!



View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest