Advertisement
 
YOU ARE HERE: LAT HomeCollectionsFedex
IN THE NEWS

Fedex

FEATURED ARTICLES
BUSINESS
December 21, 2012 | By Tiffany Hsu
Getting holiday packages swiped from outside your door is an unfortunate risk of online shopping. Unless you're Al Alverson, a Texas homeowner with a security camera. When he returned home one recent day to discover that the FedEx package he was expecting was missing, he turned to his footage and discovered the culprit. And it wasn't the milkman. “I said, 'Oh my God, it's the UPS guy,'” Alverson told KHOU 11 News . In a video that's now posted on YouTube and circulating around Reddit, the Grinch in a brown uniform drops off a parcel at Alverson's door and then soon returns to nab the FedEx package.
ARTICLES BY DATE
BUSINESS
December 26, 2013 | By Ricardo Lopez, This post has been updated, as indicated below.
A day after Christmas, UPS and FedEx are still playing Santa and scrambling to deliver packages that missed their Dec. 24 delivery deadlines.  The shipping giants blamed their tardiness on heavy holiday shipping volume and bad weather in some parts of the country. "UPS understands the importance of your holiday shipments," United Parcel Service said in a statement Wednesday. "UPS is experiencing heavy holiday volume ... the volume of air packages in our system exceeded the capacity of our network immediately preceding Christmas so some shipments were delayed.
Advertisement
BUSINESS
December 14, 2010 | By Ronald D. White, Los Angeles Times
FedEx Corp. has projected that Monday would be its busiest day ever for delivering packages worldwide. It was expecting to make almost 16 million shipments, up nearly 13% from last year's busiest day. But don't get too excited about what this might mean for the U.S. and global economies. Memphis-based FedEx trots out this "busiest day" story every year, regardless of what is or isn't happening in world commerce. On Dec. 18, 2006 and Dec. 17, 2007, during the global economic boom, FedEx posted record days of 10.6 million and 11.5 million shipments, respectively.
BUSINESS
November 18, 2013 | By Michael Hiltzik
Two Sundays ago I was roused from my midday stupor by the doorbell. I staggered to the door to discover a big box from Amazon deposited on the stoop, and a U.S. Postal Service truck just rounding the corner on its way to make another Sunday delivery. "What the --?" I asked. The delivery, as I was presently to learn, was the harbinger of the Postal Service's new deal with Amazon for Sunday delivery of the online retailer's packages in big cities. It's a brilliant move that serves both the partners and customers too. It builds on the Postal Service's reach in parcel delivery -- the USPS performs the same last-mile service in many communities for UPS and FedEx -- and provides it with a new source of revenue.
BUSINESS
December 15, 2011 | Reuters
FedEx Corp said on Thursday it has ordered 27 new Boeing Co 767-300F aircraft worth $4.7 billion at list prices as it plans to retire some of its aging aircraft. The company also has exercised options for two additional Boeing 777 freighters. The world's No. 2 package delivery company said three of the 767s would be delivered in fiscal 2014 and six per year in fiscal 2015-2018. FedEx said the 767s will replace FedEx Express' MD10 aircraft with a 30 percent increase in fuel efficiency and a 20 percent reduction in unit operating costs.
BUSINESS
September 18, 2012 | By Andrew Tangel
Stocks opened lower on Wall Street on Tuesday after FedEx Corp. reported a drop in earnings amid a global economic slowdown. The Dow Jones industrial average was down 4 points, essentially flat, at 13,549, shortly after the opening bell. The Standard & Poor's 500 index lost 3 points, or 0.2%, to 1,458. The Nasdaq was off 5 points, or 0.2%, to 3,174. FedEx posted $459 million, or $1.45 a share, in profits in its fiscal first quarter, down 1% from $464 million, or $1.46, for the same period a year ago. FedEx, whose performance is seen as a harbinger for the broader economy, lowered its forecast profits for fiscal 2013.
BUSINESS
October 22, 2012 | By Shan Li
FedEx Corp. said Monday it will hire 20,000 seasonal employees to work on holiday shipping that is expected to jump 13% from last year. Between Thanksgiving and Christmas, the global shipping giant predicts it will ship 280 million packages. Dec. 10 is expected to be the busiest day of the season with 19 million shipments, up 10% compared with last year. That's a spot of good news for what has been a dismal year for a company considered to be a bellwether of the global economy.
BUSINESS
December 10, 2012 | By Christine Mai-Duc
With a little over two weeks left before Christmas, it's crunch time for shoppers - - and shippers too. FedEx is projecting that it will have its busiest shipping day of the year Monday, delivering an estimated 19 million packages worldwide and shattering the previous record of 17.2 million packages on Dec. 12, 2011. Strong online sales, mainly, have buoyed shipping volumes this year, the company said, adding that it expects to deliver 280 million packages worldwide between Thanksgiving and Christmas -- a 13% year-over-year surge.
BUSINESS
September 5, 2012 | By Andrew Tangel
NEW YORK -- Stocks were initially choppy after FedEx Corp. ratcheted down its profit outlook for the company's first quarter, citing "weakness in the global economy. " The international shipping company is seen as an economic bellwether, so its dimming fortunes added to worries over worldwide growth slowing. Meanwhile, the European Central Bank, which meets Thursday, is planning "unlimited purchases of government debt" to aid struggling Eurozone countries, Bloomberg News reported.
BUSINESS
September 19, 2008 | From Times Wire Services
FedEx Corp. said its fiscal first-quarter earnings fell 22% but still met Wall Street's expectations, as cost cuts partially offset the effect of slowing global growth. The package delivery company also predicted that it would beat analysts' expectations for its fiscal second quarter and said it would raise shipping rates at its Express unit early next year. Memphis, Tenn.-based FedEx earned $384 million, or $1.23 a share, in the three months that ended Aug. 31, compared with $494 million, or $1.58, a year earlier.
BUSINESS
October 23, 2013 | By Ricardo Lopez
FedEx Corp. said Wednesday it expects the busiest Cyber Monday shipping week in its history this year as more consumers turn to shopping online for the holiday season. The company said it expects to move more than 22 million shipments on Cyber Monday, which falls on Dec. 2. That's an 11% increase over last year's Cyber Monday, the marketing term for the Monday after Thanksgiving, when online retailers offer holiday shoppers steep discounts. FedEx also projects it will handle more than 85 million shipments between Dec. 1 and Dec. 7, its busiest week of the year.
SPORTS
September 23, 2013 | By David Wharton
A very good year could get even better for Henrik Stenson. The Swedish golfer walked away with $11.44 million after winning the Tour Championship -- and clinching the FedEx Cup title -- in Atlanta on Sunday, saying the victory is "going to take a little time to sink in. " It better not take too long, because in a few weeks Stenson will enter the home stretch of the European Tour, where he leads the standings in the Race to Dubai. As Europe's version of the FedEx Cup, the race will culminate with four playoff tournaments offering more than $30 million in purses.
SPORTS
September 17, 2013 | By David Wharton
Luke Donald faces long odds at the Tour Championship in Atlanta this week. But at least he has a chance. Donald was one of several golfers who sneaked into the Top 30 in the FedExCup standings and earned a spot in the PGA Tour's big finale. He needed a strong finish Monday at the BMW Championship. “There was nerves the last couple holes, probably from 15 onwards,” Donald said. “I knew I had got myself into position where I had a chance.” The FedEx Cup playoffs are like a big game of musical chairs, with the field narrowing each week and players fighting to stay alive.
SPORTS
September 16, 2013 | By Teddy Greenstein
LAKE FOREST, Ill. - Shortly after Zach Johnson tapped in on No. 18 at Conway Farms, he bent over, taking a deep breath. It was a moment of reflection after he fired a final-round, six-under-par 65 to win the BMW Championship by two shots. "I just had to gather myself," he said. "I feel blessed. The peace I had out there …" The Iowa native felt the love all day from the 10,000-plus fans who endured muddy conditions to witness the Monday finish. "I'm not from Chicago," Johnson said, "but I feel local.
SPORTS
September 3, 2013 | By David Wharton
Henrik Stenson has almost two weeks to enjoy his newfound position as the top player in the FedEx Cup standings. And Tiger Woods has almost two weeks to get the train back on the tracks. Following the Deutsche Bank Championship, which Stenson won on Monday, the FedEx Cup playoffs take a break before resuming with the BMW Championship in Lake Forest, Ill., on Sept. 12. It doesn't seem that Stenson will waste any of that free time looking over his shoulder. "I've always been a pretty good front-runner," he said.
SPORTS
August 26, 2013 | By David Wharton
  Adam Scott may have found a new strategy for winning golf tournaments, while Tiger Woods might not be playing any golf at all as the FedEx Cup playoffs advance to the second round at the Deutsche Bank Championship this week. Scott came from well back to capture the Barclays on Sunday, teeing off more than an hour ahead of the top groups. That gave him the chance to shoot a comparatively stress-free round of 66. Then, he sat around the clubhouse watching the leaders crumble at crunch time, leaving him as the last man standing.
BUSINESS
August 29, 2009 | Jerry Hirsch
Another discovery of a tiny disease-carrying insect disclosed by state agriculture officials today demonstrates that California's citrus industry is fighting a war on two fronts. TheCalifornia Department of Food and Agriculture said a detection dog working with inspectors on Wednesday found a package at a FedEx depot in Sacramento that contained at least 100 live Asian citrus psyllids, including juveniles and adults. Officials find that the insect is making its way into the state as a passenger on packages, even as colonies of the bug establish themselves in Southern California after flying north from Mexico.
BUSINESS
December 20, 2008 | Times Wire Reports
FedEx Corp., after reporting its biggest drop in U.S. air shipments in seven years Thursday because of the recession, said it delayed taking delivery of some Boeing Co. 777 planes by as long as 17 months. The revised schedule will defer commitments of $275 million from 2009 to future periods, Memphis, Tenn.-based FedEx said in a regulatory filing. The nation's No.2 package delivery firm is the largest customer for Boeing's new model.
SPORTS
August 22, 2013 | By David Wharton
It has become an all-too-familiar sight this summer, Tiger Woods grabbing his back or grimacing as he hits from the deep rough, pestered by a series of minor but troublesome injuries. Now comes another problem -- his hotel bed. At the Barclays, the first stop in the FedEx Cup playoffs, Woods limited himself during the tournament's pro-am event, complaining of soreness in his neck and back. "It was stiff this morning after a soft bed," he said. "Just one of those things, sleeping in hotels and I didn't want to push it, so just took it easy and chipped and putted.
Los Angeles Times Articles
|