Tag: FedEx

Cash Flow from Operations for FedEx Reaches Eight Year High

Posted by | Jul 18, 2006 | |

CashFlowNews.com reports that Cash Flow from Operations for FedEx Corporation (NYSE:FDX) for its quarter ended May 31, 2006 was $1,457,000,000, a 26% increase over the year earlier same quarter when FedEx generated USD1,157,000,000 in Cash Flow from Operations.
FedEx has generated thirteen consecutive quarters of positive Cash Flow from Operations. Cash Flow from Operations for the most recent quarter also reached a eight year high. For FedEx’s twelve months ended May 31, 2006 Cash Flow from Operations was USD 3,676,000,000, compared with USD3,117,000,000, a 17.9% increase over the comparable year earlier twelve months. Cash Flow from Operations for the most recent twelve months also reached a eight year high. The shares of FedEx were recently trading at USD108.82 which is within 10% of their ten year high of USD120.01 on May 5, 2006.

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FedEx, UPS subpoenaed in US cargo probe

Posted by | Jul 14, 2006 | |

FedEx Corp. and United Parcel Service Inc. said on Friday they received grand jury subpoenas as part of a global probe by the U.S. government into possible criminal violations of antitrust laws in the air cargo transportation industry.

The U.S. package delivery companies said they do not believe they are targets of the investigation, which has drawn in Air France-KLM, British Airways Plc, Deutsche Lufthansa AG, Scandinavian airline SAS, Luxembourg-based Cargolux Airlines International and Air Canada’s parent, ACE Aviation Holdings Inc.

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Australia's Toll Holding CEO wants slice of China's logistics market

Posted by | Jul 14, 2006 | |

As Toll Holdings Ltd moves to bed down its 6 bln aud-plus acquisition of stevedoring company Patrick Corp Ltd and the 1.1 bln aud acquisition of Singapore-based logistics group, Sembcorp Logistics (SembLog), Australia’s largest transport logistics group is starting to focus on China.

The group is planning to capture a big slice of the logistics business as the flow of manufactured goods from China to Australia and other parts of the Asia-Pacific region continues to grow at an unabated pace.

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Fedex's Qingdao Branch starts operation

Posted by | Jul 14, 2006 | |

Fedex announced on July 12 that the company’s Qingdao Branch has put into operation to satisfy the rising international express service in Qingdao, a port city in east China’s Shandong Province’.

So far, Fedex has 26 branches, 38 ground workstations as well as three ports in Beijing, Shanghai and Shenzhen cities and its service now covers 200 cities in China.

According to the plan, Fedex will extend its service network to another 100 Chinese cities in the coming five years.

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Big Four Turn Cautious on China's Domestic Delivery Market

Posted by | Jul 6, 2006 | |

DHL, FedEx, UPS, and TNT have slowed down their expansion in the Chinese domestic delivery market these days due to high costs.

FedEx, the world’s largest express delivery company, is reported to only operate international express delivery business in China for the moment.

US-based FedEx has become the main sponsor of Chinese Badminton Team from 2006 to 2008, when members of the team would wear sports clothes with words “FedEx” when participating in international games.

A principal at the market division of FedEx’s Asia-Pacific region explained that this move was aimed to further enhance its brand recognition among Chinese small and medium customers.

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