FedEx and TNT roll out Medpak VI°C globally
FedEx Express and TNT have rolled out Medpak VI°C globally, having successfully launched the product for sensitive healthcare products in Europe three years ago. Medpak VI°C allows companies in the clinical trials sector to ship test medications in temperature-controlled reusable packaging. FedEx and TNT are now rolling the service out internationally, starting with Asia-Pacific and […]
FedEx Express buys express division of Flying Cargo
FedEx Express has acquired the business and assets of the international express division of Israeli firm Flying Cargo Group. The Israeli Competition Authority granted merger approval for the acquisition on 20 February. Flying Cargo Group provides logistics services, warehousing, fulfilment and distribution in Israel. It provides the services from its own facilities throughout the country […]
Aeroterm to expand cargo facilities in Miami
Aeroterm has signed an agreement with Miami-Dade County to expand its air cargo facility at Miami International Airport, which it leases to FedEx Express. The existing facility was completed in 2004 with a 25-year lease with the county on 23.4 acres. Through the new agreement, Aeroterm will extend the ground lease to 2050 and expand […]
Subramaniam named FedEx president and COO
Raj Subramaniam has been named president and chief operating officer for FedEx Corporation, taking over from David Bronczek on 1 March. Subramaniam will continue to serve as president and CEO of FedEx Express and serve as co-president and co-CEO of FedEx Services. He has worked at FedEx for more than 27 years in various executive […]
FedEx to take over Flying Cargo’s express business
FedEx Express has reached a conditional agreement to acquire the international express business of Israel’s Flying Cargo Group. Flying Cargo provides logistics, warehousing, fulfilment and distribution services in Israel for sectors including e-commerce, return goods and domestic pick-up and delivery, and will continue to own and manage these activities. The acquisition is anticipated to close […]
FedEx Express CEO David Cunningham to retire
David Cunningham will retire from his role of president and CEO of FedEx Express on 31 December, to be succeeded Raj Subramaniam. Cunningham started his FedEx career at the FedEx Express World Hub in Memphis, Tennessee in 1982, and has held numerous leadership positions across multiple regions. Roles have included chief operating officer and president […]
FedEx connects Sydney with Singapore
FedEx Express has launched four flights a week between Sydney and Singapore to meet customer demand for capacity, particularly for heavyweight shipments. Australian customers will benefit from increased capacity and reliability to transport retail freight, healthcare products, perishables and lithium ion batteries between the markets. Customers in Sydney will have a three-hour cut-off time for […]
FedEx Express creates $2.5M scholarship programme
Eight months after FedEx Express (FedEx) announced its Purple Runway – A FedEx Pathways Program, an “industry-leading pilot development program designed to produce the pilots of tomorrow” the company is providing $2.5 million to create scholarships dedicated to easing the financial burden of rising education costs on the next generation of aviation professionals. In a […]
FedEx Express to start regular flights to San Bernardino
FedEx Express will start regular scheduled flights into San Bernardino International Airport, with daily operations starting in October 2018. Located 60 miles east of Los Angeles along the I-10 corridor, the airport says it is ideally located to support the logistics industry. The airport has access to the I-10, I-210 and I-215 interstate highways giving […]
FedEx Express speeds up services between Europe and Vietnam
FedEx Express is speeding up services between the European Union and Vietnam by connecting Hanoi with its hub in Guangzhou, China. The new route will significantly cut the delivery time between Europe and Vietnam, and substantially improve transit time for all inbound flights to Hanoi. The European Union and Vietnam are finalising a trade and […]
FedEx flies bears to Oakland Zoo’s California Trail
FedEx Express has flown orphaned bear cubs from Alaska to California where they will make Oakland Zoo their new home. The two grizzly and two brown bear cubs’ mothers were designated as public threats by the Alaska Department of Fish and Wildlife so were transported from Anchorage to Oakland as part of FedEx Cares’ Delivering […]
FedEx Express commits to 30 more years in Ontario
Ontario International Airport Authority (OIAA) has approved a lease agreement with FedEx Express to maintain the company’s presence at Ontario International Airport for at least three more decades. Under the initial 30-year lease, FedEx Express will relocate its operations to a 51.1-acre site located in the northwest quadrant of the Californian airport, with the move […]
FedEx connects Memphis and Guangzhou hubs for the first time
FedEx Express has connected its FedEx World Hub in Memphis, Tennessee with its APAC Hub in Guangzhou, China for the first time. The route is being served with five flights a week from Tuesday to Saturday using an MD-11 Freighter, which will be upgraded to a Boeing 777 Freighter in May. The flights in April […]
Hartsfield-Jackson honours air cargo leaders
Hartsfield-Jackson Atlanta International airport (ATL), in partnership with the Metro Atlanta Chamber and the Atlanta Air Cargo Association, celebrated year-on-year achievements in airfreight at the annual ATL Cargo Awards. The luncheon, held at the airport’s North Cargo facility, honoured businesses and individuals who work to make ATL a “powerful leader in the industry” while highlighting […]
FedEx Express rolls out program for the pilots of tomorrow
FedEx Express (FedEx) has announced its Purple Runway – A FedEx Pathways Program, an “industry-leading pilot development program designed to produce the pilots of tomorrow”. In a speech on March 22 at Delta State University in Cleveland, Mississippi, FedEx chairman and CEO Frederick Smith said Purple Runway will play an important role in the continuing […]
Binks to retire as FedEx Express Europe president, Nappier to take over
David Binks is to retire from his role as FedEx Express Europe president and chief executive officer of TNT, he will be succeeded by Bert Nappier when he goes in June. Binks started with FedEx in 1983 as part of an acquisition in the UK, rose through the ranks, leading FedEx Express teams in Europe, […]
FedEx expands in Asia Pacific with Shanghai Express and Cargo Hub
FedEx Express has opened the FedEx Shanghai International Express and Cargo Hub, providing greater connectivity and convenience for customers in eastern China. The facility is located at Shanghai Pudong International Airport and FedEx says it applies cutting-edge technologies and innovation to enhance operational efficiency. It covers 134,000 square metres and is equipped with a dedicated […]
FedEx Express signs as launch customer for Cessna SkyCourier
FedEx Express has signed as the launch customer for up to 100 of the new twin-engine, large-utility turboprop Cessna SkyCourier 408 aircraft – developed by Textron Aviation. FedEx will have an initial fleet order of 50 cargo aircraft and options for 50 more. Entry into service for the clean-sheet design Cessna SkyCourier is planned for 2020. Textron […]
FedEx Express signs deal to purchase 50 ATR 72-600Fs
FedEx Express has signed a major contract with ATR to purchase 30 ATR 72-600s with the option for 20 more, with deliveries starting in 2020. The aircraft will be the first new ATRs to be directly delivered from the factory in a freighter configuration, and will feature a brand new windowless fuselage and is equipped […]
FedEx Express opens new ground operations centre in Barcelona
FedEx Express has opened a new ground operations centre in Barcelona in the one of the city’s main industrial areas – Zona Franca. The facility will process both domestic and international shipments, serving as a gateway between the Barcelona region and Europe. FedEx Express says it is creating Europe’s leading logistics network through strategic investments, and […]
FedEx Q1 figures hit by June cyber attack and hurricane
FedEx reported yesterday that the 27 June NotPetya virus cyber attack on TNT Express wiped $300 million from its quarterly profit, while Hurricane Harvey also impacted operations. FedEx said the worldwide operations of TNT Express were “significantly affected” during Q1 cyber attack, but most TNT services resumed during the quarter and all TNT Express critical […]
TNT customers continue to feel the affect of cyber-attack
FedEx says TNT Express customers are still “experiencing widespread service and invoicing delays” three weeks after the cyber-attack on 28 June, which had significant impact on TNT’s worldwide information systems. FedEx says the attack has affected its financial performance, but it is “still evaluating the financial impact of the attack”, but it is likely it will be material. […]
TNT services back to normal following IT virus but delays continue
TNT says most services are back to normal and it is working hard to clear any backlogs following its IT systems being hit by a virus. Operations and communications were disrupted when a ransomware attack swept the globe, affecting numerous companies, though TNT says no data breach occurred as far as it is aware and […]
FedEx and Boeing collaborate on ecoDemonstrator aircraft
Boeing and FedEx Express are to work together to fly the next ecoDemonstrator aircraft, using a new Boeing 777 Freighter to test emerging technologies. The ecoDemonstrator program, now in its fifth iteration, serves as a testbed to improve environmental performance and safety of future aircraft, and this round includes installing a compact thrust reverser to […]
Strong fourth quarter completes record year for FedEx
FedEx Corp returned to profit in the fourth quarter following the integration of TNT Express, and net income hit $3 billion for the 2017 fiscal year. Fourth quarter net income was $1.02 billion compared to a loss of $70 million the previous year with improved results coming from higher base rates, increased package volumes and […]
Air Cargo Europe 2017: How will industry improve technology and sales?
How the industry embraces new technologies and improving sales and customer service will be two major talking points for air cargo professionals at Air Cargo Europe in Munich. The first of the two sessions, ‘The age of the digital and the connected – the end of traditional LSPs (Logistic Service Providers)?’ will take place at […]
FedEx begins new Liege-Memphis service
FedEx Express begun operating a new flight linking the TNT European air hub in Liège (Belgium) to the FedEx Express World hub in Memphis in early April 2017. From Memphis the aircraft will continue on a round-the-world flight to Shanghai via Seattle and Anchorage before returning to Liège. The integrator says it is an important […]
Revenue and net income grows at FedEx
FedEx revenue grew to $15 billion in the third quarter of the 2017 fiscal year, with growth in all business segments while net income was up to $562 million. Revenue was up from $12.7 billion and net income was up from $507 million, despite the operating margin falling to 6.8 per cent to $1 billion […]
FedEx to connect Liege with its Memphis World Hub
FedEx Express will connect TNT’s European air hub in Liege to the FedEx World Hub in Memphis in April 2017. FedEx will use a Boeing 777 Freighter with 116 tonnes of capacity and TNT will be injected into the FedEx network for delivery across the US and Canada. The aircraft will continue on a round-the-world trip […]
FedEx Express delivers Bao Bao the giant panda
Bao Bao the 3½ year-old giant panda was flown this week by FedEx Express from Washington Dulles International Airport to Chengdu, China. She departed the Smithsonian’s National Zoo to board a FedEx Boeing 777 Freighter, which took about 16 hours and was 8,650 miles to the Far East and had her own custom-decaled and named the ‘FedEx Panda Express’. Boa Bao (pictured […]
