Does increase in FedEx 2020 shipping rates prelude strategy shift? 

FedEx announced new shipping rates for FedEx Express, FedEx Ground and FedEx Freight will come into effect Jan. 6, 2020.  The new rates will include increases in surcharges and fees for FedEx’s U.S. Express Package Services, U.S. Ground Services, International Express Package Services, International Ground Services, U.S. Express Freight Services, International Express Freight Services, as well as an […]

Air cargo delivering in times of crisis

In times of natural disasters, air cargo is often the only way to respond quickly enough to move food, first aid supplies and other necessities into hard hit areas. Drones are also being utilized to assess damage, for search and rescue operations and to drop small packages of food, water and medicines into hard-to-reach areas. […]

FedEx doubles down on LatAm forwarding market with Cargex acquisition

Yesterday, Memphis-based FedEx announced it reached an agreement to acquire Columbia-based freight forwarder Cargex and its customs brokerage affiliate, Agencias de Aduanas Aduanamos S.A. Nivel 2. Subject to customary regulatory approval, the deal is expected to close by yearend.  The acquisition complements recent FedEx Express projects in Latin America and is intended to strengthen FedEx’s freight forwarding and customs brokerage capabilities in Columbia and broader Latin America. Last month, FedEx launched direct 767 freighter flights to Bogota (BOG) and Medellin (JMC) from Miami (MIA) in part, to capture perishables […]

UPS, FedEx shrug off concerns over Fentanyl screening requirements

In the midst of a string of tweets this morning from United States President Donald Trump that reignited investor unease over the ongoing trade war between the U.S. and China, UPS, FedEx and Amazon were among those companies whose share prices fell as Trump specifically directed them to increase their screening for Fentanyl. https://twitter.com/realDonaldTrump/status/1164914963766546435?s=20 Despite […]

Cargo Insights: How to regulate the ‘Wild West’ of e-commerce?

Anyone who watched the television show “Gunsmoke” knows that the American “Wild West” could be a dangerous place where notorious outlaws preyed on small towns to enrich themselves at the expense of others. Law enforcement was present but, in many cases, spread thin so the local sheriff would usually form a group of willing and […]

The Freight 50: 2018’s top carriers standing strong in the face of headwinds

Signs of a slowdown in global trade and airfreight demand had already begun to surface last year, and in 2019 have materialized into a challenging global economic environment. This year’s headwinds, however, did not come as a major surprise to the industry, where leaders had warned of the eventual consequences of erecting trade barriers and […]

Roberson joins as CFC senior consultant, ACW columnist

Airfreight logistics professional and analyst Cathy Roberson has joined Air Cargo World as a regular weekly columnist and Cargo Facts Consulting as a senior consultant, effective Aug. 1. Roberson founded the logistics-focused market research firm Logistics Trends & Insights, based in Atlanta, in 2015. She previously worked for UPS as part of the team responsible […]

Canada invests in cargo expansion at Moncton Airport

Canada’s government is investing in cargo expansions at Greater Moncton Roméo LeBlanc International Airport (YQM) in New Brunswick, Transport Canada announced yesterday. The government announced an investment of CA$8.34 million (US$6.30 million) to improve cargo infrastructure at YQM and “move Canadian goods to international markets more efficiently.” The investment will go toward: Expansion of Apron […]

FedEx ends ground-delivery deal with Amazon

FedEx Corp. is snipping another tie with Amazon.com Inc. as the e-commerce giant emerges as a competitor by building its own shipping network. The ground-delivery contract with Amazon won’t be renewed when it expires at the end of this month, FedEx said in a statement. The decision quickens the company’s retreat from the largest online […]

FedEx’s e-commerce loss appears to be UPS’ gain

Volumes of apparel, auto parts, tablets, smartphones, knick-knacks and more are being delivered to our front doors faster and more efficiently as the two largest US small parcel and express providers, FedEx and UPS, invest in their networks, as well as in their business development and sales teams, to take advantage of this growing demand. […]

FedEx held back Huawei shipments, Chinese authorities say

Chinese authorities accused FedEx of intentionally holding back Huawei shipments from entering the country, in addition to other legal violations, state news agency XinhuaNet reported today.   The integrator accidentally diverted Huawei packages from the United Kingdom to the United States last month, leading FedEx to file a lawsuit against the U.S. Department of Commerce for an undue burden to “police” shipments after the […]

FedEx reports significant 4Q loss due to economic weakness, trade issues

This week, Memphis-based FedEx reported a 3.0% year-over-year increase in revenue for its 4QFY19, ended 31 May, to US$17.80 billion. Operating income during the quarter was mostly flat at 0.9% to $1.31 billion, and the company reported a net loss of $1.96 billion, down from $1.13 billion income for 4QFY18.  The Express segment saw weak performance for […]

FedEx sues U.S. Department of Commerce

Yesterday, FedEx filed a suit in U.S. District Court in the District of Columbia against the U.S. Department of Commerce (DOC), which seeks to enforce prohibitions contained in the Export Administration Regulations (EAR). The suit follows FedEx’s accidental diversion of several Huawei packages shipped from the United Kingdom to the United States earlier this month.   In the filing, FedEx argued that the current […]
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