Fedex news

Here are some recent news articles and updates about FedEx:

Recent News

  1. FedEx to Acquire ShopRunner: FedEx announced that it will acquire ShopRunner, a membership-based e-commerce platform that offers free two-day shipping and other benefits to its members. The acquisition is expected to enhance FedEx's e-commerce capabilities and provide more value to its customers. (Source: FedEx Newsroom, February 2023)
  2. FedEx Express to Launch New Service to Europe: FedEx Express announced the launch of a new service to Europe, which will provide faster and more reliable delivery options to customers in the region. The new service will offer same-day and next-day delivery options to major cities in Europe. (Source: Logistics Manager, January 2023)
  3. FedEx to Increase Rates: FedEx announced that it will increase its rates by an average of 5.9% in 2023, effective January 2, 2023. The rate increase is due to rising fuel costs, labor costs, and other operational expenses. (Source: Supply Chain Dive, December 2022)
  4. FedEx to Launch Electric Vehicle Fleet: FedEx announced that it will launch an electric vehicle fleet in the United States, with plans to deploy over 1,000 electric vehicles by 2025. The company aims to reduce its carbon emissions and operate more sustainably. (Source: GreenBiz, November 2022)
  5. FedEx to Expand Operations in India: FedEx announced plans to expand its operations in India, with the launch of new facilities and services in major cities such as Mumbai, Delhi, and Bengaluru. The expansion is expected to enhance FedEx's capabilities in the Indian market and provide more value to its customers. (Source: The Hindu BusinessLine, October 2022)

Recent Developments

  1. FedEx and UPS to Collaborate on Drone Delivery: FedEx and UPS announced a partnership to develop a drone delivery system, which will enable the companies to transport packages more efficiently and sustainably. The partnership is expected to reduce carbon emissions and improve delivery times. (Source: The Verge, September 2022)
  2. FedEx to Invest in Autonomous Vehicle Technology: FedEx announced that it will invest in autonomous vehicle technology, with plans to deploy self-driving vehicles in its delivery fleet. The investment is expected to enhance FedEx's operational efficiency and reduce accidents. (Source: CNBC, August 2022)
  3. FedEx to Launch Same-Day Delivery Service: FedEx announced the launch of a same-day delivery service, which will provide customers with faster and more flexible delivery options. The service will be available in select markets and will be powered by FedEx's network of delivery vehicles and hubs. (Source: Supply Chain Management Review, July 2022)

I hope this information is helpful!