Tag: FedEx

December 18, 2006 to be busiest day in FedEx history

Posted by | Oct 24, 2006 | |

Continuing a nine year trend, FedEx Corp. expects to make history again when a record-breaking total of 9.8 million packages move through its global FedEx Express and FedEx Ground networks on December 18, 2006. This is projected to be the busiest night in the history of FedEx and would break the company’s previous record night of 8.9 million on December 19, 2005.

“From 186 packages on our first day of operations to almost 10 million in one night this holiday season, the busiest day of 2006 will again make history for FedEx,” said Frederick W. Smith, Chairman, President and CEO of FedEx Corp. “Achieving this milestone speaks to our world class global workforce of nearly 275,000 people, our strong heritage and our leadership both for today and the future.”

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Flying on its own

Posted by | Oct 23, 2006 | |

FedEx’s buy-out of its local partner should take its China business to new heights. FedEx Corp, a US delivery company, joined the movement in January, when its courier arm, FedEx Express, announced it would spend USD400m to buy out the 50per cent stake held by its China joint-venture partner of the past seven years. Included in the deal was the latter’s nationwide domestic delivery network. The same month FedEx broke ground on a USD150m project to build its Asia hub at Guangzhou’s brand-new Baiyun airport, the biggest and busiest airport in south China. When completed in December 2008, FedEx’s new base will handle 30-35 flights daily in and out of Guangzhou, linking 24 cities across Asia in the company’s network to the US and Europe.

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Postal Service adding branches in stores

Posted by | Oct 15, 2006 | |

In today’s shipping business, it’s easy to get your package to Singapore overnight if you’re willing to pay for it.
So being accessible to busy customers is the way to stand out.
FedEx partnered with Kinko’s to get into 24-hour stores. UPS teamed up with Mail Boxes Etc. and operates more than 5,600 locations worldwide.
Now, it’s the U.S. post office’s turn. The government isn’t planning to go 24/7, but it is trying to be more convenient. First it opened automated postal centers in some post office lobbies, and now it has licensed postal outlets inside retail stores.

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FedEx expands in Commerce City

Posted by | Oct 13, 2006 | |

FedEx Freight Corp. will break ground in Commerce City Tuesday on a new service center.

The Memphis company is building a 170,000-square-foot facility that will have 241 doors. FedEx Freight is relocating from its current service center at 5601 Holly St., also in Commerce Center. The current service center has 152 doors and measures 46,000 square feet.

The new facility will be the second-largest service center in the country. The largest, with 277 doors, is in Denver.

FedEx Freight is the less-than-truckload subsidiary of FedEx Corp.

The service center will be in Marty Farms Industrial Park at 96th Avenue. The current service center is at 5601 Holly St.

FedEx Freight accounted for USD 1 billion of FedEx Corp.’s USD 8.5 billion in revenue during the quarter ended Aug. 31, and USD 150 million of its USD 784 million in income.

Groundbreaking takes place at 10 a.m. Tuesday, Oct. 17. Participants will include Commerce City Mayor Sean Ford; Dennis Beal, vice president, physical assets, FedEx Freight; Adams County commissioners Alice Nichol, W.R. Fischer and Larry Pace; and guests, customers and employees.

The new service center is expected to open in November 2007.

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