Tag: FedEx

U.S. Postal Service, FedEx Express Sign Agreement for Domestic Air Transportation Through 2013

Posted by | Aug 1, 2006 | |

FedEx Express, a subsidiary of FedEx Corp., and the U.S. Postal Service (USPS) today announced a new agreement for domestic air transportation of mail through 2013.
The Postal Service and FedEx Express signed a seven-year contract in 2001 for airport-to-airport delivery of mail within the United States. The contract announced today will replace the final two years of that contract and a new seven-year agreement will commence in October of 2006.
The agreement is expected to generate about USD8 billion in revenue over the life of the seven-year contract.
FedEx Express will continue to fly over 4 million pounds of U.S. mail every business day – the equivalent of 40 wide-body DC10 aircraft using existing aircraft and facilities.

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FedEx Ground to build Triangle sort facility

Posted by | Jul 31, 2006 | |

FedEx Corp. plans to build a regional sorting facility near Raleigh-Durham International Airport to replace a smaller facility in Durham – a move that may result in new jobs.

FedEx Ground, the small-package delivery division of FedEx, has selected a piece of land near Kitty Hawk Drive and Globe Road in Morrisville to build a 128,851-square-foot facility.

The building will be 52 percent larger than FedEx Ground’s sorting facility in the Research Tri-Center industrial park in Durham, where 180 people work.

A contractor will be hired in late August, with building completion expected in August 2007. The building will be designed so that it can be easily expanded to as big as 175,000 square feet.

The new sorting facility is part of a six year, USD1.6 billion expansion program nationwide. FedEx Ground plans to build nine new hubs, expand 30 existing hubs and relocate 290 pickup and delivery terminals. The expansion will allow FedEx to expand its package capacity from 3 million to more than 5 million a day by the end of 2010.

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Geodis supporting FedEx

Posted by | Jul 21, 2006 | |

The Paris (France)-based transport and logistics group Geodis, which is majority controlled by the French state railway SNCF, has signed a contract with the US-based express service provider FedEx Express. The terms of the agreement stipulate that Geodis collect and deliver consignments for FedEx Express in and around all French cities in which FedEx does not have a direct presence. The contract is valid for a three-year period commencing on 2 January 2007.

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FedEx plunges in Qingdao Logistics War

Posted by | Jul 21, 2006 | |

FedEx, the express transportation company, announced days ago that it had commissioned a branch in Qingdao, a Chinese coastal city.

Located in the Sifang District of Qingdao, the branch covers an area of 3,300 square meters. Its ground operating station is able to handle 1,600 articles per hour at most. The station is also equipped with advanced monitoring system that can work for 24 hours a day, ensuring a real-time monitoring over the packages.

The US logistics company aims to enhance its outlet distribution and operating capacity in northern China so as to meet the increasing demands for international express services here.

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Amazon joins online market for groceries

Posted by | Jul 21, 2006 | |

Amazon.com customers now can shop for groceries alongside lipstick, treadmills, textbooks, DVDs and auto parts.

The online retailer announced on Monday its entry into what industry analysts project will be a 4.2 billion USD market this year.

Amazon Grocery is selling more than 14,000 non-perishable grocery items and household supplies, mostly in bulk.

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