Tag: FedEx Express

FedEx Express offers more shipping options within intra-Asia market

Posted by | Dec 6, 2002 | |

FedEx Corp has begun utilizing the first of six recently awarded interim frequencies that allow FedEx Express to carry local traffic on key flights within the Asia Pacific region. The six interim frequencies, which strengthen the company’s competitive stance in that fast-growing region, mean that FedEx can offer additional direct service on flights between Hong Kong and other Asian markets with minimal start up costs.

FedEx is using two of the interim frequencies on Seoul, Korea to Hong Kong flights. Two other frequencies are in use on Manila to Hong Kong flights. One frequency will be applied to an existing flight between the FedEx Asia Pacific Hub in Subic Bay, the Philippines, and Hong Kong, beginning December 8, 2002. The remaining frequency will be used to initiate a new round-trip flight between Hong Kong and Subic Bay, effective December 8.

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FedEx Appeals Ruling On Late Delivery Class Action

Posted by | Oct 19, 2002 | |

FedEx Express unit expects the U.S. Court of Appeals to rule on its appeal of a class-action judgment in 12 to 18 months, according to a document filed Friday with the Securities and Exchange Commission.The lawsuit was filed against FedEx Express, alleging that customers who had late deliveries during the 1997 Teamsters strike at United Parcel Service were entitled to a full refund of shipping charges under a money-back guarantee, regardless of whether they gave timely notice of their claim.

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FedEx suspends employee profit sharing

Posted by | May 23, 2001 | |

Employees are finding out exactly what “stringent cost controls” really means at Memphis-based FedEx Corp. as the economy continues to deteriorate its core overnight air express business. For instance, approximately 150,000 employees, including management, of FedEx Corp., the holding company, and its FedEx Express and FedEx Services units have had their profit sharing benefits suspended indefinitely. Profit sharing will not be paid out for the second half of fiscal 2001 as well as for the entire fiscal 2002 unless the company’s business improves significantly, confirmed Shirlee Clark, FedEx spokesman, Monday.

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