Fedex

FedEx Drops Kinko's name, Plans $891M Charge

FedEx Corporation said after the close of regular trading Monday that it will stop using FedEx Kinko's name on its copy and office service store and record a charge of about $891 million to change its name of FedEx Office.

UPS to increase freight rate

UPS Inc. announced on Friday that it will increase the general rate of about 5.4 percent on non-contractual shipments in the U.S. and Canada.

Online sales ease crunch for package giants

Officials at UPS said in October that its growth this peak season would be slower than in the previous four years. FedEx last week cut its forecast for the company's current quarter that ended November 30, citing fuel costs and weak freight volumes in its trucking unit.

UPS, union agree on 5-year contract

The Teamsters union and United Parcel Service Inc on Sunday said they reached a tentative five-year agreement that will raise parcel workers' wages and increase the company's contributions to funds providing pensions and benefits.

FedEx 4Q Profit Rises, Misses Estimates

Package delivery company FedEx Corp. on Wednesday reported a profit that missed analysts' forecast and said earnings growth would fall short of expectations due to continued softness in the U.S. economy.

FedEx to Acquire Hungarian Delivery Partner

As part of its Eastern Europe expansion strategy, FedEx Corp. (NYSE: FDX) said Thursday that it has signed an agreement to acquire Flying-Cargo Hungary Kft., its Hungarian global service participant.

FedEx Shares Dip on Lower Outlook

Shares of parcel delivery service FedEx (NYSE: FDX) fell slightly on Wednesday after the company said profitability for the year will be lower than its long term objective due to a slower economy.

FedEx Cancels A380 Order from Airbus

FedEx became the first company to cancel an order placed with Airbus for the A380 super-jumbo jet on Tuesday, due in part to two-year production delays by the aircraft manufacturer. In addition, the company turned to rival Boeing to order 15 new 777 freighter aircraft with a $3.5 billion list price.

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