Tag: FedEx

FedEx confident on timing of A380 delivery

Posted by | Jun 28, 2006 | |

FedEx has delivered a vote of confidence in Airbus’s troubled A380 superjumbo, saying it remains committed to the aircraft and expects its order to be completed on schedule.

Fred Smith, chairman and chief executive, said, while the latest delays to the A380 were “a source of concern”, FedEx had been assured its 10 aircraft would not be affected. “We’re confident,” he told the FT. “They have told us that ours are going to arrive on time.”

The comments followed Airbus’s warning that deliveries of the A380 passenger jet would be delayed by an additional six or seven months, prompting demands for compensation by airlines and causing at least one customer to rethink its order.

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FedEx chooses Geodis to perform pick up an delivery operations in France

Posted by | Jun 28, 2006 | |

FedEx Express and Geodis signed an operational agreement for a 3 year period. “Through this agreement Fedex acknowledges Geodis’s position as the leading domestic express network in France and a supplier with a high level of service quality, as a result of our Total Customer Satisfaction policy. We will draw on our industrial resources, exclusive Track & trace system and our commitment to permanent innovation to manage these operations”, said Denis Zimmer, Senior Vice-president French regions at Geodis. As of January 1st, 2007 Geodis will perform through its domestic Express groupage network pick-ups and deliveries for FedEx customers in designated areas in France, not directly served by FedEx.

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Fuel surcharges help FedEx, rivals

Posted by | Jun 23, 2006 | |

Faced with escalating fuel and materials prices, businesses have been forced to pass on those higher costs to customers to save their profits. And for companies like FedEx Corp., the strategy has proven to be a winner.

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FedEx delivers strong results on solid growth

Posted by | Jun 22, 2006 | |

FedEx said it remained optimistic about the economic outlook after solid growth in US and international markets helped the express delivery group lift fourth- quarter net profits by a better-than-expected 27 per cent. Fred Smith, chairman and chief executive, said he saw no sign of weakening in the economy, brushing off concern that rising interest rates and high energy prices could stifle growth.

Mr Smith’s upbeat comments followed similar remarks last week by US rail industry executives, suggesting that the transportation sector, an important bellwether of economic growth, remained in a bullish mood.

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FedEx Corp. net income increases 27% in fourth quarter; operating margin continues to rise

Posted by | Jun 21, 2006 | |

FedEx Corp. reported the following consolidated results for the fourth quarter:
revenue of USD 8.49 billion, up 10% from USD 7.72 billion the previous year, operating income of USD 927 million, up 25% from USD 740 million a year ago, operating margin of 10.9%, up from 9.6% the previous year and net income of USD 568 million, up 27% from last year’s USD 448 million. “FedEx posted record financial results in the fourth quarter and full year, as we ended our fiscal 2006 in an environment of solid economic growth in the US and in international markets,” said Frederick W. Smith, chairman, president and chief executive officer. “We remain optimistic about the global economic environment for fiscal 2007 and our ability to effectively manage our business. We will remain firmly focused on making every customer experience outstanding, profitably growing our business and seeking new opportunities to serve our customers.”

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