Fedex Q3 Earnings Miss Withdraws Fullyear Forecast Amid Pandemic Challenges

Fedex Q3 Earnings Miss Withdraws Fullyear Forecast Amid Pandemic Challenges

FedEx's Q3 performance fell short of expectations, with a significant drop in net profit due to the pandemic, rising costs, and other factors. The company has suspended its full-year earnings forecast and is taking measures to address the challenges. While facing difficulties, FedEx Ground performed strongly, and the company is actively adjusting its strategies to adapt to the changing market environment. They are focusing on cost optimization and streamlining operations to improve profitability and navigate the current economic headwinds.

01/15/2026 Logistics
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Fedex Elroy Air Launch Autonomous Drone Delivery for Midrange Logistics

Fedex Elroy Air Launch Autonomous Drone Delivery for Midrange Logistics

FedEx Express is collaborating with Elroy Air to develop the first end-to-end autonomous vertical take-off and landing (VTOL) aerial cargo system. The Chaparral drone will be used for mid-mile logistics, transporting goods within a 300-mile range without the need for additional infrastructure. This initiative aims to enhance service to remote areas, reduce operational costs, and align with sustainability goals. This partnership marks a significant step forward in the advancement of drone logistics and its potential to revolutionize the cargo transportation industry.

01/15/2026 Logistics
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Fedex Founder Fred Smith Retires Raj Subramaniam Named New CEO

Fedex Founder Fred Smith Retires Raj Subramaniam Named New CEO

FedEx announced a leadership transition, with founder Fred Smith stepping down as CEO. Raj Subramaniam will succeed him. Smith will transition to the role of Executive Chairman, focusing on strategy and global issues. Industry experts highly praised Smith's contributions to the logistics industry and expressed anticipation for Subramaniam's leadership in guiding FedEx into the future. This marks a significant shift for the company as it navigates the evolving landscape of global commerce and logistics.

01/19/2026 Logistics
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Fedex Acquires TNT Express for 48B to Boost Global Ecommerce

Fedex Acquires TNT Express for 48B to Boost Global Ecommerce

FedEx's $4.8 billion acquisition of TNT Express strengthens its position in the European market, expands its global network, and enhances its e-commerce logistics capabilities. This acquisition intensifies competition within the industry, pushing future logistics trends towards personalization, intelligence, and sustainability.

01/19/2026 Logistics
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Freight Forwarders Adapt to Global Ocean Freight Challenges

Freight Forwarders Adapt to Global Ocean Freight Challenges

This article delves into the crucial role of freight forwarders in international logistics, explaining their bridge-like function connecting shippers and carriers. It details ocean freight operation processes, including booking, customs declaration, loading, and customs clearance. Furthermore, it emphasizes shipping operation procedures and key points for verifying booking confirmations. The aim is to provide readers with a comprehensive understanding of international logistics operations, ensuring the safe and efficient transportation of goods.

11/03/2025 Logistics Encyclopedia
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Which of the World's Top 4 International Couriers Is Best?

Which of the World's Top 4 International Couriers Is Best?

This article analyzes four major international express companies: UPS, FedEx, TNT, and DHL. UPS is known for its strong transport infrastructure and service coverage, while FedEx offers diverse solutions through its subsidiaries. TNT holds a significant advantage in the European market, and DHL enhances customer experience through innovative services. Consumers should choose the right express company based on their needs or seek advice from logistics agents.

07/11/2025 Logistics Encyclopedia
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Fedexs David Steiner Appointed USPS Director Amid Financial Struggles

Fedexs David Steiner Appointed USPS Director Amid Financial Struggles

The United States Postal Service's appointment of FedEx director David Steiner as its new Postmaster General and CEO has sparked industry attention. Can Steiner lead the financially struggling and highly competitive USPS through a transformation? His connection to FedEx and union concerns add uncertainty to the postal system's future. He faces multiple challenges, including optimizing operations, innovating business models, and improving labor relations. The appointment raises questions about potential conflicts of interest and the direction of postal reform under Steiner's leadership.

01/08/2026 Logistics
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UPS Secures USPS Air Cargo Contract Altering Logistics Sector

UPS Secures USPS Air Cargo Contract Altering Logistics Sector

UPS has secured an air cargo contract with the United States Postal Service (USPS), replacing FedEx, signaling a significant shift in the logistics industry's competitive landscape. Experts attribute this change to factors such as declining USPS air transport needs, UPS's strategic adjustments, and intensified market competition. This partnership is expected to have profound implications for UPS, FedEx, and USPS, potentially impacting consumers and the broader shipping industry. The deal highlights the dynamic nature of the logistics sector and the ongoing battle for market share among major players.

01/15/2026 Logistics Industry Insights
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