Fred Smith gets new heir apparent after shock exit of FedEx COO

FedEx Corp. named a new No. 2 executive after company founder Fred Smith’s top deputy resigned abruptly, just weeks after joining the company’s board of directors. Raj Subramaniam will take over as president and chief operating officer (COO) March 1, replacing David Bronczek, FedEx said in a statement Thursday. Bronczek, 64, made a “personal decision’’ […]
  • Bloomberg News
  • February 14, 2019

FedEx’s Smith calls for action to defend global trade, save jobs

Soon after making a TV appearance to criticize the Trump administration’s pull-out from the Trans-Pacific Partnership, FedEx CEO and founder Fred Smith stepped up his efforts to stave off a costly trade war by creating an online portal to encourage citizens to defend global trade and potentially save millions of jobs that depend on it. […]
  • Lewis King
  • January 26, 2017

Air Cargo Executives of the Year: FedEx’s Fred Smith & David Bronczek

In early April of this year, news broke from FedEx Corp. that raised a few eyebrows among cargo executives worldwide. The U.S.-based integrator had made a US$4.8 billion offer to buy struggling Dutch express firm TNT Express – the same TNT Express that was sought in a thwarted bid by arch-rival UPS, made just two […]
  • Randy Woods
  • December 1, 2015

FedEx blames winter storms in Q3 report

FedEx Corp. reported revenue of US$11.3 billion (8.2 billion euros) for the third quarter, up 3 percent from the same period in 2013.  Unusually severe winter storms throughout the quarter disrupted operations, decreasing shipping volume and increasing costs, and affected year-over-year operating income by an estimated US$125 million (90.7 million euros).  “Historically severe winter weather […]
  • March 24, 2014

FedEx CEO: Beware of protectionism

FedEx founder, chairman and CEO Fred Smith sounded the alarm during the WCS Opening Plenary regarding what he views as the culprit for the slow growth of global trade: rising protectionism.  In a speech similar to one he delivered at the Journal of Commerce’s Trans-Pacific Maritime Conference last week, Smith urged attendees to urge their […]
  • Staff Reports
  • March 12, 2014

FedEx founder condemns increased trade barriers

Fred Smith, president, founder and CEO of FedEx, condemned what he said is an increase in trade barriers since the recession in 2008-2009. Smith gave the keynote address at the Journal of Commerce‘s 14th annual TPM Conference in Long Island, Calif., a conference for the trans-Pacific and global container shipping industry.  
  • March 6, 2014