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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.
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CALIFORNIA | LOCAL
April 27, 2014 | Thomas Curwen
After the vigil, the remembrances, the tales of heroism recounted, what remains is the sorrow. On a blustery, bright morning in El Monte, the friends and family of Adrian Castro came together at the Church of the Nativity to say goodbye to the 19-year-old, who died earlier this month in a traffic accident in Northern California. "We are gathered today in grief and sadness for our brother, Adrian," said Father Beto Villalobos. Adrian, a senior at El Monte High School, had joined other students for a spring tour of Humboldt State University when their charter bus was struck by a FedEx truck on Interstate 5 north of Sacramento.
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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.
CALIFORNIA | LOCAL
April 15, 2014 | By Christine Mai-Duc
The drivers of a FedEx freight truck and charter bus that collided head-on last week in Northern California, killing 10, had clean driving records, according to the California Department of Motor Vehicles. The bus company, Silverado Stages, identified the driver late Monday as Talalelei Lealao-Taiao. Family members identified Tim Evans, a 32-year-old husband and father of two young girls, as the FedEx driver. Both were among the 10 killed when the FedEx truck barreled across a grassy median on Interstate 5 north of Sacramento and hit the bus carrying 48 people, including 44 Southern California high school students en route to Humboldt State University.
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.
CALIFORNIA | LOCAL
April 13, 2014 | Chris Megerian and Melanie Mason and Hailey Branson-Potts
Two conflicting eyewitness accounts emerged Saturday as investigators delved deeper into the cause of the horrific collision between a truck and a charter bus that killed 10 and cast a pall over a college-acceptance trip to Humboldt State University. A driver who was sideswiped moments before Thursday evening's fatal accident said she saw flames coming from beneath a FedEx freight truck as it veered across a grassy median toward disaster. A man who lives next to Interstate 5, however, said he saw no flames from the truck before the crash and watched the twin-trailer FedEx vehicle swerve out of control after it made an abortive attempt to move into the fast lane.
CALIFORNIA | LOCAL
April 13, 2014 | By Melanie Mason
ORLAND, Calif. -- Investigators found no physical evidence that a FedEx freight truck was on fire before it collided with a charter tour bus in Northern California last week, killing 10 people, authorities said Sunday.  "Our fire expert reviewed the median and the highway, and found no physical evidence of fire before the impact,” said Mark Rosekind, a member of the National Transportation Safety Board.  Those findings contradict the eyewitness...
CALIFORNIA | LOCAL
April 13, 2014 | By Chris Megerian, Melanie Mason and Hailey Branson-Potts
ORLAND, Calif. -- Investigators probing the collision of a FedEx freight truck and a charter bus that killed 10 were dealing with disparate clues, including reports that the truck was on fire before the crash as well as evidence that its driver appeared not to brake. A woman who said the truck sideswiped her car moments before Thursday evening's fatal accident said she saw flames coming from beneath the twin-trailer vehicle as it veered across a grassy median toward disaster. A man who lives next to Interstate 5, however, said he saw no flames from the truck before the crash as he watched it swerve out of control after it made an abortive attempt to move into freeway's fast lane.
CALIFORNIA | LOCAL
April 12, 2014 | By Chris Megerian, Melanie Mason and Hailey Branson-Potts
ORLAND, Calif. -- A witness to Thursday's deadly tour bus crash said the driver of the FedEx truck appeared to lose control while changing lanes before barreling across the center median of Interstate 5 and colliding head-on with a tour bus filled with high school students. Ryan Householder told The Times on Saturday that he was mowing his lawn, which faces the southbound lanes of the highway, when he heard screeching tires Thursday. He looked up and watched the crash occur. The drivers of both vehicles were killed as were eight people on board the tour bus. "I never thought I'd see that in real life," he said.
CALIFORNIA | LOCAL
April 12, 2014 | By Kate Mather and Chris Megerian
RED BLUFF, Calif. -- Preliminary information indicates a FedEx truck did not brake as it crossed a Northern California median and crashed head-on into a tour bus carrying dozens of high school students, federal investigators said Saturday. There were no signs the FedEx truck tried to brake as it left the southbound lanes of Interstate 5 near Orland and crossed a 58-foot median onto the northbound lanes, the National Transportation Safety Board's Mark Rosekind said at a news briefing.
CALIFORNIA | LOCAL
April 10, 2014 | By Matt Stevens and Rong-Gong Lin II
A fiery head-on collision Thursday between a FedEx truck and a charter bus carrying Los Angeles-area high school students killed at least nine people and injured dozens. The crash on the 5 Freeway in Northern California had bus passengers en route to visit Humboldt State University fleeing for their lives. Dramatic images from the scene showed burned-out hulls of several vehicles. LAUSD officials said students from Robert F. Kennedy Community Schools in Koreatown and Manual Arts High School in South L.A. were on the trip to Humboldt, though it was unclear whether they were on the bus that crashed.
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.
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.
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