FedEx Corp profits up, but FedEx Ground hit by customer loss
Higher volumes and cost-cutting efforts have seen profits up at FedEx Corp during its second quarter of the year, but loss of a major customer hit Ground results.
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FedEx to buy product returns specialist GENCO
FedEx has acquired GENCO, one of America’s largest third-party logistics companies as part of its efforts to expand in the retail and e-commerce sectors.
Read MoreFedEx Express, Ground, Freight to raise US rates by 4.9%
FedEx announced today that its express, ground and freight services in the United States will increase prices by 4.9% on average from the New Year.
Read MoreFedEx Ground loses appeal over drivers’ status as “independent contractors”
Appeal court judges in the United States have declared that some former FedEx Ground drivers who were classified as independent contractors should have access to pay and benefits as full company employees, under California and Oregon state laws.
Read MoreFedEx faces more charges over shipping of illegal prescription drugs
FedEx has had additional charges filed against it by the US federal government in connection to the shipping of illegal prescription drugs from online pharmacies.
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