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Korea move for FedEx

FedEx’s Logistics arm is to open an office in Seoul, South Korea. The new FedEx Logistics Korean organization will provide logistics solutions, including international air and ocean cargo services, customs brokerage and trade solutions, as well as a range of value-added services. [+]

FedExprofits fall away

FedEx Corporation said its operating results for the first quarter ended August 31 were negatively affected by an estimated $450 million year over year increase in costs due to a constrained labor market and availability, despite an increase in revenue from $19.3 billion to $22bn. The higher costs were only ... [+]

FedEx adds Asian options

Recent enhancements to the FedEx transpacific network include new twice-weekly Boeing 777 flights from Guangzhou, China, and three times a week from Osaka, Japan to the FedEx Charles de Gaulle hub in Paris. It has also added new flights from Asia to its hub in Memphis, US. The new flights ... [+]

FedEx adds to Connect Plus network

FedEx has expanded its international day-definite Connect Plus service across Europe, following its launch in the UK and Italy in January. It is now also available in Germany, France, Spain, Poland, Austria, Sweden, Belgium and the Netherlands. The service gives deliveries in Europe in 2-4 days, North America in three ... [+]

Fedex streamlines e-commerce imports

FedEx Express has selected audit and tax advisor KPMG to offer a new Import One Stop Shop (IOSS) service to help e-commerce sellers from outside the European Union. From 1 July 1the EU will introduce a new IOSS regime for the declaration and payment of VAT on ecommerce sales of ... [+]

Mass shooting at FedEx US site kills eight

Eight people have been killed and others injured in a mass shooting at a FedEx facility in Indianapolis at around 23.00 local time.The lone gunman is reported to have killed himself. Authorities said there was no further threat to public safety. In a statement, the express carrier said: “We are ... [+]

FedEx Ground chief to retire

FedEx Ground president and chief executive, Henry Maier is to retire on 31 July. He will be succeeded by FedEx Freight president and chief executive, whose place will be taken by current senior vice president of operations, Lance Moll. [+]

FedEx and American Airlines ready to move the vaccine

FedEx Express is preparing to transport the first shipments of Covid-19 vaccines across the US. Following the Food and Drug Administration’s authorisation for the Pfizer-BioNTech vaccine, it will begin the task of moving it to dosing centres . The task will be balanced among major cargo carriers, and FedEx is ... [+]

FedEx to buy ShopRunner platform

FedEx has agreed to acquire the ShopRunner e-commerce platform. The deal is expected to close by the end of the calendar year, subject to customary conditions, including regulatory approval. ShopRunner members enjoy benefits including free two-day shipping, free returns and discounts. [+]

Free trade zone for El Paso

FedEx Logistics has opened a Foreign Trade Zone (FTZ) in El Paso, Texas, similar to existing locations in Los Angeles, New York, Dallas and Chicago. These facilities enable importers and exporters shipping goods into the US  to benefit from duty and tax incentives. El Paso is a key gateway in ... [+]

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