Tag: FedEx

The Board of Directors of FedEx Corporation today declared a quarterly cash dividend of USD 0.09 per share on FedEx Corporation common stock. The dividend is payable October 2, 2006 to stockholders of record at the close of business on September 11, 2006.

FedEx Corp. provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of USD 32 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brands. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 260,000 employees and contractors to remain “absolutely, positively” focused on safety, the highest ethical and professional standards and the needs of their customers and communities.

FedEx is finishing work on its distribution terminal on Walden Avenue to handle more packages. When FedEx Ground completes a 40 percent expansion of its Buffalo distribution hub this month, it will be able to deliver an additional 2,000 packages a day. The expansion is needed because people are buying more on the Internet, and FedEx is servicing a booming population across the border.
The Walden Avenue project is part of a USD 1.6 billion investment to expand 30 existing FedEx Ground distribution hubs and build nine new ones across the country.
Forrester Research predicts that by 2008, e-commerce in the U.S. will grow by 19 percent and online shopping will make up 10 percent of all retail sales.

FedEx Corp. today announced it plans to donate USD5.5 million over the next five years to ORBIS International, a nonprofit organization dedicated to the prevention of blindness worldwide. This pledge represents the largest contribution commitment FedEx has made to ORBIS since joining forces more than 20 years ago to save sight.

“Nearly 37 million men, women and children worldwide are blind – and 75 percent do not need to be,” said Oliver Foot, president and executive director of ORBIS. “The vast majority of world blindness can be treated or prevented with existing therapies and eye care resources. That’s where ORBIS and FedEx come in. By working together, we can deliver education, training and treatment where it is needed most.”