Tag: Fedex Ground

FedEx Ground Reports Federal Court Decisions

Posted by | Oct 15, 2007 | |

FedEx Ground, a subsidiary of FedEx Corp., reports that the United States District Court in Indiana in the pending multi-district litigation has issued a decision granting class certification in the Kansas action for both the Kansas state claims and a national claim under the ERISA statute.

FedEx Ground plans to seek prompt review of this decision by the Seventh Circuit Court of Appeals.

In a separate order, the Court denied the plaintiffs request for a temporary restraining order and preliminary injunction in the California action, also pending as a part of the same multi-district proceeding.

This court decision will not affect FedEx Grounds ability to serve its customers in the world-class manner they have come to expect.

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FedEx officer sells shares

Posted by | Aug 17, 2007 | |

The President and Chief Executive of a division of package delivery company FedEx Corp. sold 9,800 shares of common stock, according to a Securities and Exchange Commission filing.

In a Form 4 filed with the SEC Thursday, David F. Rebholz reported he sold the shares Tuesday for USD 109 to USD 109.38 apiece.

Insiders file Form 4s with the SEC to report transactions in their companies’ shares. Open market purchases and sales must be reported within two business days of the transaction.

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FedEx to break ground in Kingsport next month

Posted by | Aug 16, 2007 | |

FedEx Ground is planning to begin construction on a new 90,000-square-foot distribution center at Gateway Commerce Park next month and open for business by June 1, 2008.

The Kingsport Regional Planning Commission voted unanimously Thursday night to approve the zoning development plan for the facility. The plan is expected to go before the Gateway Commission this morning for a Certificate of Appropriateness.

Tim Elam, a development associate with Scannell Properties of Indianapolis — the developers of the project — said construction on the USD 6 million facilities would begin around the middle of September, with the facility slated to be open by June 1, 2008.

The 90,000-square-foot facility is being built on 13 acres of land in the Gateway Commerce Park, with plans existing for a 20,000-square-foot expansion. The plan also calls for 21 loading docks for tractor-trailers and a perimeter road around the building to accommodate truck traffic.

FedEx will hire approximately 75 employees initially for the new facility, and Elam said growth projections show that number could potentially double.

The facility will receive 10 tractor- trailer trucks a day and process around 20,000 packages a day. Elam said the facility would essentially serve a 60- to 80-mile radius.

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FedEx Ground continues national expansion with new Hagerstown, Maryland hub

Posted by | Oct 24, 2005 | |

FedEx Ground has opened a new 325,000-square-foot distribution hub in Hagerstown, Maryland. Today, Maryland Gov. Robert L. Ehrlich, Jr., will join local customers and Washington County officials to celebrate the facility opening. The Hagerstown hub is one of nine hubs to open as part of a network expansion plan that will include the relocation or expansion of more than 290 pickup and delivery terminals through 2010. The nationwide expansion will boost the company’s current average daily pickup capacity by nearly 70 percent over the next five years. This summer, FedEx Ground also opened hubs in Cincinnati, Ohio, and Dallas, Texas. A fourth new hub, under construction near Memphis, Tenn., will begin operations in 2006.

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FedEx Ground faces labor challenge from US contract drivers

Posted by | Jul 23, 2005 | |

Though FedEx was built on a cargo airline, its trucking business is now a big-time moneymaker and a tough competitor for its chief rival, UPS. The argument centers on the more than 14,000 drivers of those trucks with the purple and green “FedEx” on the side that make thousands of stops each day at homes and businesses across America. The drivers are independent contractors who own the trucks, pay all operating costs and get no company benefits. But drivers in Tennessee, California, Massachusetts, Minnesota, South Dakota and elsewhere are suing FedEx, arguing that the company skirts worker protection laws by refusing to hire them as employees eligible for overtime pay, health insurance, workers’ compensation and other benefits. They also want to be reimbursed for back operating expenses and lost benefits.

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