FedEx Financial News

FedEx’s highfliers have been grounded. A sharp drop in package volume and a move to combine FedEx’s Express and Ground delivery units created a glut of pilots, leaving what was long the company’s most revered class of workers in a state of angst. “There are many concerns about FedEx flying and what the future holds," Pat DiMento, the company’s vice president of flight operations, wrote in a July letter to Express crew members viewed by The Wall Street Journal.

Delhivery Ltd. has announced the launch of Delhivery One — a digital shipping platform experience designed to meet the diverse needs of MSMEs, in addition to large D2C e-commerce brands across the country.

Amazon has restarted a shipping service it paused in the early days of the COVID-19 pandemic and that competes with carriers like FedEx and UPS

ABC News. “We’ve been providing this service for a while with positive feedback so we’re now making it available to more selling partners," Connors said.

A trial is set to begin for two white men in Mississippi who are accused of chasing and shooting at a Black FedEx driver who had dropped off a package at a home

By David Shepardson

By Priyamvada C and Lisa Baertlein

Renaissance World Tour performance at FedEx Field during the Washington, D.C. stop on Sunday, August 6, the show's start time was significantly delayed. Recognizing the predicament faced by her devoted fans, Beyoncé, in a remarkable display of compassion, took it upon herself to cover the $100,000 expenses required to extend the operating hours of the D.C. Metro trains by an additional hour. This thoughtful gesture ensured that concertgoers had a reliable means of transportation to return home safely after the extended show. A press release from the Washington Metropolitan Area Transit Authority confirmed that the generous contribution would facilitate the continued operation of all 98 metro stations, enabling concert attendees to exit smoothly and ensuring the necessary operational support. Despite the setbacks, Beyoncé delivered an impressive performance for D.C. concert goers on the rain-soaked night. The show was the second of two at FedEx Field and featured a playful challenge where she dared the audience to stay quiet during a specific song lyric. Notable attendees on the first night included Vice President Kamala Harris, Douglas Emhoff and Malia Obama. The Renaissance World Tour is currently touring North America after a successful European leg that earned $154 million from 21 shows. The tour supports Beyoncé's seventh solo studio album, Renaissance, which includes hit songs like «Break My Soul» and «Cuff It.» The album topped the Billboard 200 chart and produced Grammy-winning tracks.

Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt

Investigators say pilot fatigue contributed to an incident in which a FedEx plane landed on the wrong runway after an overnight flight

Federal officials say they are investigating a recent close call between an airline plane and a private jet that required pilots of both planes to take evasive action

Troubled trucking company Yellow Corp. is shutting down and filing for bankruptcy, the Teamsters said Monday

Trucking company Yellow Corp. has shut down operations and is headed for a bankruptcy filing, according to the Teamsters Union and multiple media reports

carbon emissions of their shipment. Through this new tool- FedEx Sustainability Insights (FSI), can measure carbon footprint of their shipments within the FedEx network. They can use the data to help make informed decisions on their future shipping strategy to reduce their impact on the planet.

Extreme weather conditions struck Washington, DC, where Premier League managers sought shelter during their pre-season tours. Aston Villa, Fulham, and Brentford, along with Chelsea, Newcastle, and Brighton, have been participating in the Premier League Summer Series. The clubs traveled to Washington DC for matches on Sunday.

After years of financial struggles, U.S. trucker Yellow Corp. is reportedly preparing for bankruptcy and seeing customers leave in large numbers

By Aishwarya Nair

(Reuters) -UPS has reached a tentative five-year labor deal with the Teamsters Union that represents about 340,000 U.S. workers at the parcel delivery firm, the company said, sending its shares up 2.3% on Tuesday.

Premier League teams — Aston Villa, Brentford, Brighton, Chelsea, Fulham, and Newcastle United — will light up the summer with nine exhilarating games across five cities in the United States as part of Premier League Summer Series 2023. The matches will commence on July 22. For viewers in the US, all the action can be enjoyed on NBC Sports.

U.S. equities have rallied recently, with the benchmark S&P 500 and the tech-heavy Nasdaq both climbing to 15-month highs as economic data has pointed to a resilient economy, with inflation cooling, a solid labor market, and a strong consumer.

(Reuters) — FedEx Corp (NYSE:FDX) said on Monday it has appointed John W. Dietrich, former CEO of Atlas Air (NASDAQ:AAWW) Worldwide, as chief financial officer, effective Aug. 1.