• Fedex News

    Published on 08-01-2013 12:13 PM
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    UPS Info for UPSers Saving Millions by Donning Smart Glasses at Work - Fox Business

    The product is being designed to have on-the-job functions, with its offspring potentially changing the way “desk-less” employees operate, says Apx Labs CEO Brian Ballard.

    From those working in the warehouses of logistics giants like UPS (UPS) and FedEx (FDX) to in-stadium entertainment, certain jobs could be “massively augmented with immersive transparent optics,” Ballard said.

    “If you are a big company and you move millions of packages a month you can save tens of millions of dollars,” Ballard said. “We can give a return on investment back in less than a year.”
    Published on 07-16-2013 08:45 AM
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    UPS Info for UPSers Are UPS and FedEx Flying Too Light? - Motley Fool

    UPS (NYSE: UPS) has a plane problem. The company said last week that "overcapacity in the global air freight market" has been a surprising drag on the business this year, and earnings will come in lower than expected as a result.

    UPS is dealing with a major shift in demand for overseas shipping. Customers are fleeing from super-quick international delivery services, making that business a much less-profitable one. FedEx (NYSE: FDX) , for example, has seen shippers increasingly choose its "economy" international service, which arrives in two to five days, over its "priority" option that's delivered in one to three days. That shift has taken a whack at earnings. FedEx's express segment profits were down 66% last quarter, dragging operating income lower by 28% companywide.
    Published on 07-07-2013 10:32 AM
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    UPS Info for UPSers Feds: FedEx may face charges on illegal drug shipments - Newsday

    The unprecedented case being built against FedEx, the world's largest cargo airline, involves thousands of opioid pill shipments all over the country during the past decade, according to the two sources, who spoke on condition of anonymity because they are not authorized to discuss the investigation publicly.

    United Parcel Service agreed in March to pay $40 million earned from shipment proceeds to settle the same Justice Department probe and acknowledged its role in knowingly making shipments for illegal online pharmacies. FedEx has declined to settle, and that's why, the sources said, the probe is moving toward criminal charges.

    FedEx has taken a starkly different view of the law than UPS, promising to fight any potential charges and accusing the government of trying to get it to invade customer privacy by opening packages containing medication.
    Published on 06-27-2013 09:03 AM
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    UPS Info for UPSers Flying Planes Closer Together Boosts Biggest FedEx Hub - Bloomberg

    With a policy change at one airport, FedEx Corp. (FDX) went from having to hold up departures at its biggest hub to getting planes out as fast as it could line them up.

    The largest air-cargo hauler has increased hourly arrivals in Memphis, Tennessee, by more than 20 percent and cut average taxi times before takeoff by 3 minutes since U.S. regulators decided it was safe for wide-body aircraft to fly closer to each other. The change was the equivalent of adding a runway at the world’s second-busiest freight airport.

    A planned expansion to more airports is poised to benefit United Parcel Service Inc. (UPS) and passenger airlines. FedEx credits the pilot program in Memphis for 7 percent of its fuel savings this year and improved efficiency in sorting as many as 1.5 million packages a night.
    Published on 06-13-2013 09:07 AM
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    UPS Info for UPSers FedEx Fights U.S. in Online-Pharmacy Probe After UPS Deal - Bloomberg

    The latest fight against a government investigation that might compromise customer privacy isn’t coming from a phone or Internet company. It’s coming from FedEx Corp. (FDX)

    The operator of the world’s largest cargo airline vows to fight any charges that may result from a federal investigation into drug shipments by illegal online pharmacies -- bucking both government investigators and rival United Parcel Service Inc. (UPS), which settled similar allegations.

    FedEx finds itself a target of a criminal probe after decades of working with law enforcement agencies to combat attempts to use its network illegally. An indictment or prosecution would threaten a basic tenet of the shipping business -- not opening customers’ packages to see what’s inside, FedEx said.
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