FedEx Corp. (FDX) is implementing the next stage of its global community engagement program – FedEx Cares 50 by 50, a new journey to deliver hope, change and new possibilities for 50 million people by the company’s 50thanniversary in 2023. FedEx launched the new strategy after exceeding its goal to invest US$200 million in 200 global communities by 2020 six months early. In Asia Pacific, FedEx continues to lead corporate social responsibility (CSR) initiatives and programs to … [Read more...] about FedEx announces next stage of its global community engagement program
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FedEx acquires Cargex
FedEx Corp. (FDX) announced that it has agreed to acquire Cargex S.A., an international freight forwarding company with over 25 years of experience with a focus in export management of perishable goods, and Agencias de Aduanas Aduanamos S.A. Nivel 2, an affiliate of Cargex specializing in customs brokerage services. This addition strengthens the FedEx air freight forwarding and customs brokerage capabilities in Colombia and the broader Latin American region. The acquisition is expected to close … [Read more...] about FedEx acquires Cargex
FedEx invests $450 million in Memphis Hub
Tennessee Governor Bill Lee joined FedEx Corp. officials to announce the company is making an additional $450 million investment to the $1.1 billion Memphis Hub modernization project previously announced in March 2018. The investment will now exceed $1.5 billion over the next six years to facilitate construction of a new sort facility, installation of state-of-the-art systems and construction of a new bulk truckload building to support changing e-commerce needs. Hub … [Read more...] about FedEx invests $450 million in Memphis Hub
FedEx SameDay City now available in Portland
FedEx Office, a leading provider of convenient, state-of-the-art printing, packing and shipping services and a subsidiary of FedEx Corp. , has extended its local courier delivery service, FedEx SameDay City, to Portland, the first market coverage in Oregon. FedEx SameDay City offers residential and business delivery within hours with real-time notifications, by uniformed FedEx drivers, in branded vehicles. The service, currently in 30 other markets and more than 1,800 cities across the … [Read more...] about FedEx SameDay City now available in Portland
FedEx helps businesses tap peak season prospects
FedEx is again expecting to see a record number of packages, between 380-400 million packages over the season, shipped through its global network over the upcoming peak holiday shopping season. The growth of cross-border e-commerce, where consumers shop and ship from e-tailors outside their home country, is turning the peak shipping season into a truly global phenomenon. For instance, 37% of purchases made on Singles Day in China on November 11 – which itself sits very close to peak … [Read more...] about FedEx helps businesses tap peak season prospects
Boeing and Fedex: ecoDemonstrator Testing
As part of the continuing effort to accelerate aerospace innovation, Boeing and FedEx Express, a subsidiary of FedEx Corp. and the world's largest express transportation company, will work together to fly the next ecoDemonstrator. Starting in 2018, a new Boeing 777 Freighter will test emerging technologies, such as propulsion advancements and flight deck innovations. The ecoDemonstrator program, now in its fifth iteration, serves as a series of flying testbeds designed to improve … [Read more...] about Boeing and Fedex: ecoDemonstrator Testing