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FedEx Files 10-K with Additional Disclosure on Cyber-Attack Affecting TNT Express Systems

FedEx Files 10-K with Additional Disclosure on Cyber-Attack Affecting TNT Express SystemsReaffirms Commitment to Improve FedEx Express Operating Income by $1.2-$1.5 billion by FY2020MEMPHIS, Tenn., July 17, 2017 … FedEx Corp. (NYSE: FDX) (“FedEx”) today filed its annual report on Form 10-K for fiscal year 2017 with the Securities and Exchange Commission. The filing includes additional information regarding the June 2017 cyber-attack on the worldwide information systems of TNT Express B.V. (“TNT”

By | 2017-07-17T00:53:00+00:00 July 17th, 2017|companies|0 Comments

TNT Express Operations Disrupted

TNT Express Operations DisruptedAll Other FedEx Services Operating NormallyMEMPHIS, Tenn., June 28, 2017 — FedEx Corporation (NYSE: FDX) today announced that the worldwide operations of its TNT Express subsidiary have been significantly affected due to the infiltration of an information system virus. While TNT Express operations and communications systems have been disrupted, no data breach is known to have occurred. We are also experiencing delays in TNT Express inter-continental services at th

By | 2017-06-28T00:53:00+00:00 June 28th, 2017|companies|0 Comments

FedEx Corp. Reports Record Fourth Quarter and Full-Year Earnings

These factors were partially offset by TNT Express integration and restructuring expenses and network expansion costs at FedEx Ground. Operating results decreased slightly as higher salaries and wages and increased information technology expenses offset the benefit from higher base rates. The company and TNT Express incurred, and will continue incurring, these expenses solely as a result of the company’s acquisition of TNT Express and the related purchase accounting treatment. We will not adjust

By | 2017-06-20T00:53:00+00:00 June 20th, 2017|companies|0 Comments

DHL awards second A330-300P2F conversion contract to ST Aerospace

DHL awarded a second tranche A330-300P2F (Passenger-to-Freighter) conversion contract to ST Aerospace’s subsidiary, Elbe Flugzeugwerke (EFW), which is jointly owned with Airbus Group. DHL awarded a second tranche A330-300P2F (Passenger-to-Freighter) conversion contract to ST Aerospace's subsidiary, Elbe Flugzeugwerke (EFW), which is jointly owned with Airbus Group.This follows the launch contract for four A330-300P2F conversions that was also awarded by DHL Express in July last year. It will further strengthen the global air network of DHL Express and help us to achieve even greater efficiencies in our aviation operations," said Geoff Kehr, Senior Vice President, Global Air F

By | 2017-06-19T00:53:00+00:00 June 19th, 2017|companies|0 Comments

FedEx Express Cessna Aircraft Named in Honor of St. Jude Children’s Research Hospital® Patient

FedEx Express Cessna Aircraft Named in Honor of St. Jude Children’s Research Hospital® PatientPlane Dedicated at Purple Eagle CeremonyMEMPHIS, Tenn., June 7, 2017 — FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX), and the world’s largest express transportation company, joined St. Jude Children’s Research Hospital® today to honor St. Jude patient, Calvin, the son of a FedEx team member, by emblazoning his name on a FedEx Cessna Caravan airplane. The cargo plane, which also features the ico

By | 2017-06-07T00:53:00+00:00 June 7th, 2017|companies|0 Comments

DHL helps pioneering sailor Susie Goodall conquer new frontiers

Goodall is the youngest female participant among 30 sailors in the historic race. DHL Express will provide logistics support in shipping equipment, transporting materials for Susie’s promotional engagements and assisting with any contingencies that may arise... DHL Express partners with youngest female competitor in historic round-the-world Golden Globe raceDHL to provide pre-race logistics services and support with contingencies during the raceDHL, the world’s leading international express services provider, has announced a partnership with Susie Goodall, a pioneering yachswoman who will participate in the Golden Globe Race, a solo, non-stop round-the-world yacht race. Goodall is the youngest female participant among 30 sailors in the historic race. “

By | 2017-06-01T00:53:00+00:00 June 1st, 2017|companies|0 Comments

UPS Express Critical Service Launches In Europe

US 05/10/17Atlanta, GADedicated service for time-critical shipments that require special handlingUPS Express Critical® service launched in Europe for urgent, time-critical shipments that require special handling such as aircraft parts or surgical tools. UPS Express Critical® options include air, charter, surface and a personal courier who can carry the shipment by hand from origin to destination on a commercial flight. UPS Express Critical® also partners with aerospace and manufacturing clients

By | 2017-05-10T00:53:00+00:00 May 10th, 2017|companies|0 Comments

FedEx Express to launch Liege-Memphis flight

FedEx Express to launch Liege-Memphis flightImportant milestone in the integration of TNT gives TNT customers direct access to FedEx Express North America networkMEMPHIS, Tenn., March 21, 2017 — FedEx Express (FedEx), the world’s largest express transportation company and a subsidiary of FedEx Corp. (NYSE: FDX), will begin operating a new flight linking TNT’s European air hub in Liège (Belgium) to the FedEx World Hub in Memphis (U.S.) beginning in early April 2017. This is an important step in c

By | 2017-03-21T00:53:00+00:00 March 21st, 2017|shippers|0 Comments

FedEx Corp. Reports Third Quarter Earnings

FedEx Corp. Reports Third Quarter EarningsMEMPHIS, Tenn., March 21, 2017 … FedEx Corp. today reported earnings of $2.07 per diluted share ($2.35 per diluted share on an adjusted basis) for the third quarter ended February 28, compared to earnings of $1.84 per diluted share a year ago ($2.51 per diluted share last year on an adjusted basis). Before year-end MTM pension accounting adjustments, earnings are now projected to be $10.80 to $11.30 per diluted share for fiscal 2017. The operating income

By | 2017-03-21T00:53:00+00:00 March 21st, 2017|shippers|0 Comments

FedEx Express Expands First Overnight To More Than 4,400 Zip Codes

FedEx Express Expands First Overnight To More Than 4,400 Zip CodesFedEx Customers Will Benefit with Early Morning Delivery to More Businesses Across the U.S.MEMPHIS, Tenn., March 9, 2017—FedEx Corp. (NYSE: FDX) announced it has expanded its FedEx First Overnight® service to more than 4,400 zip codes across the U.S. With this expansion, the service now reaches more than 32,000 zip codes for next-business day delivery, representing 92 percent of the business population in the U.S.“The expansion of

By | 2017-03-08T23:53:00+00:00 March 8th, 2017|shippers|0 Comments