Frederick W. Smith, the founder of FedEx Corp., passed away on Saturday, at the age of 80, confirmed FedEx. Widely credited with reshaping global logistics, Smith transformed a bold idea conceived at Yale into one of the world’s largest courier services. 

Who was Fred Smith, the FedEx founder behind global next-day delivery? All you need to know

FedEx is laying off Europe-based workers because of reduced demand. The delivery giant is laying off 1700-2000 back-office workers. This development comes as part of a general effort aimed at reducing costs while making more money amid economic turmoil.

FedEx follows UPS, announces job cuts amid economic slowdown

A recent incident at Istanbul Airport stirred concerns as a FedEx Airlines Boeing 767 cargo plane made an emergency landing without its front landing gear. According to a Turkish Transport Ministry official, the aircraft, originating from Paris Charles de Gaulle Airport, encountered a landing gear malfunction, prompting it to seek guidance from the control tower upon approaching Istanbul's airspace.

Investigation initiated following Boeing cargo plane's landing mishap in Istanbul

The US Federal Reserve's May meeting, which many had called a "Non-event," turned into a policy directive. The fed kept rates unchanged for the sixth consecutive time as expected. However, the clear directive from the FED is that there will be no further rate hikes. Yet, the US Central Bank was hesitant to commit to rate cuts soon explicitly.

Is it time to reassess Central Banks' pivot guidance?

UPS has emerged as the primary air cargo provider for the United States Postal Service, effectively ending FedEx's over 20-year partnership with USPS. The contract termination comes as USPS, the largest customer for FedEx's air-based express segment, shifts its operational focus towards more economical truck-based transportation.

UPS replaces FedEx as US Postal Service's primary air cargo provider

United Parcel Service (UPS) has been announced as the new primary air cargo provider for the United States Postal Service (USPS), replacing long-time partner FedEx.

UPS secures major contract, replacing FedEx as USPS’s primary air cargo provider

In a move that can have a huge impact on the logistics industry, India's antitrust body is probing delivery companies like DHL, UPS & FedEx for alleged collusion on discounts and tariffs.

India: Antitrust body probing delivery firms for alleged collusion on discounts

A full emergency landing was declared at Delhi airport at 10.46 am on Saturday after a Dubai-bound FedEx aircraft was hit by a bird soon after taking off. However, the flight landed safely at the Delhi airport and again took off at 1.

Emergency declared at Delhi airport after Dubai-bound FedEx aircraft hit by bird

The postal services and e-commerce-major FedEx announced on Wednesday that it would slash its officer and director ranks by more than 10 per cent. The move is part of a broad cost-reduction effort that has reduced staffing at FedEx by 12,000 workers since June, a spokeswoman said.

FedEx continues staff reduction by firing senior employees, has slashed 12,000 jobs

More than 10% of FedEx's managers will be laid off globally as the shipping giant strives to reduce expenses in the face of escalating economic concerns and a dwindling need for package delivery. The Memphis-based corporation, which had about 550,000 employees worldwide as of December, remained mum on the number of positions that would be eliminated.

FedEx layoffs include officers, directors; cuts 10% of management jobs

Fed Express pilots and management said they have jointly filed for federal mediation with the National Mediation Board for assistance with contract negotiations that began in May 2021.

World Business Watch: FedEx and pilots to pursue government mediation for contract negotiations

FedEx tumbled to 11% after the company said its fiscal first-quarter results were hit by global volume softness and it withdrew its financial forecast.

World Business Watch: FedEx shares fall as global volume plunge

FedEx is going to have a new CEO. Indian-American Raj Subramaniam to take over the leadership of the company. Raj will succeed the company founder as CEO.

Indian-American Raj Subramaniam to be FedEx's new CEO

Indian American Raj Subramaniam has been appointed to head the US multinational courier delivery giant FedEx, as he joins the growing list of Indian origin executives taking charge of an iconic American company.

Who is Raj Subramaniam, FedEx's new Indian American CEO?

Several US mail order and courier companies such as Amazon, Target, UPS and FedEx have become a target of thefts, which have surged in recent months. Freight trains are broken into daily in Los Angeles by thieves who have an intention of taking advantage of the trains' stops to loot packages which are purchased online.

Thieves in LA loot freight trains; target Amazon, FedEx packages

Security is paramount nowadays and one can go to any extent to ensure it. This holds true for a FedEx plea, where it has sought to operate cargo planes, which have lasers that can throw off incoming heat-seeking missiles, as per newly published documents.

Time for security? FedEx looks to get missile-defence system for cargo planes in US

Brandon Hole, the 19-year-old man who the police say fatally shot eight people at a FedEx facility Thursday night, legally purchased two semi-automatic rifles he used in the attack just a few months after the police seized a shotgun from him, the chief of the Indianapolis Metropolitan Police Department said Saturday.

FedEx gunman bought 2 rifles after police seized his shotgun, chief says

The tragic mass shootout in Indianapolis has sent a shock through the US and even world. Eight people were killed in the shootout that took place on Thursday. Four of them belonged to the Sikh community in the US.

Indianapolis shooting: Disbelief in Sikh community, ripples in India

FedEx Express uses a global air-and-ground network to speed delivery of time-sensitive shipments.

FedEx Express unveils plan to lay off up to 6,300 employees

UPS and FedEx usually compete fiercely for business. Now, the rivals are working closely together to ship the coronavirus vaccine developed by Pfizer and BioNTech, the first of the vaccines to win U.

UPS and FedEx say vaccine shipment plans are underway

The world is in a die-need of a vaccine to curb the highly infectious Coronavirus, while the pharmaceutical companies has been working tirelessly. Meanwhile, top shippers in US DHL & FedEx are preparing for vaccine transportation.

Unites States: Shippers DHL and FedEx prepare for vaccine transportation

FedEx must be punished for deliberately breaking Chinese law, according to a China Media Group (CMG) commentary published on Sunday. Police in Fuzhou City, east China's Fujian Province, said Sunday an investigation had been launched into a case involving a FedEx package containing a gun.

FedEx must be punished for deliberately breaking Chinese law: commentary

Police in Southeast China's Fujian province have launched an investigation after a FedEx parcel sent from the United States was found to contain a handgun, the latest Chinese-related problem to affect the US package delivery firm.

Chinese police investigate FedEx package containing handgun

American delivery firm FedEx Corp likely withheld more than 100 packages of Huawei, a report said, while the Chinese tech giant also blamed US-listed Flex for seizing its goods, as Sino-US tensions further strain business ties.

Huawei's ties with partners FedEx, Flex fray on US-China tensions

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