Latest news with #FedEx
Yahoo
7 hours ago
- Business
- Yahoo
FedEx Network 2.0: Tracking closures, layoffs across the US
This story was originally published on Supply Chain Dive. To receive daily news and insights, subscribe to our free daily Supply Chain Dive newsletter. FedEx is making layoffs and closing facilities across the country as part of a plan to integrate its historically separate Ground and Express networks. The yearslong overhaul known as Network 2.0 aims to improve the carrier's pickup and delivery processes, trim costs and strengthen its position against competitors like UPS. Through that plan, FedEx is shuttering ship centers to streamline its operations and move toward a future without overlapping driver routes. The company has shuttered 100 stations as of May 31, and more closures are on the way, President and CEO Raj Subramaniam said on a June 2025 earnings call. FedEx says the plan won't hurt transit times and will reduce complexity for shippers, as they won't have to navigate separate Express and Ground pickups. But with such a wide-ranging initiative, customers still want to know what's changing even if delivery speeds are unaffected, EVP and Chief Customer Officer Brie Carere said in March 2024. To keep FedEx shippers updated on the company's consolidation efforts, Supply Chain Dive has compiled information on which facilities are closing or reducing staff due to Network 2.0, along with the number of employees impacted, in the map and table below. We will continue to update this page as new closures and workforce reductions are confirmed. Ship centers Supply Chain Dive has confirmed will close or reduce staffing since 2023. Keep track of the logistics giant's closures and staffing reductions, along with any disclosed employee impacts and effective dates, with this table. Use the search bar to filter by state. Editor's Note: If you know of a FedEx facility closure due to Network 2.0 that is missing from this list, send us an email at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12 hours ago
- Business
- Yahoo
Should You Buy FedEx Corporation (FDX) for its Dividend?
FedEx Corporation (NYSE:FDX) is included among the 13 Best Industrial Dividend Stocks to Buy Right Now. A driver unloading packages from a van for a time-critical delivery. The American multinational holding company specializes in transportation, e-commerce, and business services. The company is taking steps to improve its current operations while positioning itself to benefit from future growth areas, especially in e-commerce. On June 9, FedEx Corporation (NYSE:FDX) declared a 9.1% increase in its quarterly dividend to $1.45 per share. Through this increase, the company stretched its dividend growth streak to five years. As of July 13, the stock has a dividend yield of 2.46%. FDX is a reliable option for income investors, as its payout ratio is approximately 33%, which is not only manageable but also provides the company with ample room to continue increasing its dividend. FedEx Corporation (NYSE:FDX) is a reliable logistics company poised to gain from the ongoing expansion of e-commerce and global trade. While it might require some patience, it's not a stock to count out, thanks to its well-established brand, extensive network, and solid positioning to capitalize on economic growth. While we acknowledge the potential of FDX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Yahoo
a day ago
- Business
- Yahoo
FedEx buys world's first ATR 72-600 passenger-to-freighter aircraft
FedEx will operate the world's first ATR 72-600 turboprop aircraft to undergo conversion from passenger to freighter configuration after signing a purchase agreement last week. Dublin-based ACIA Aero Leasing said it plans to deliver the converted freighter to FedEx (NYSE: FDX) by December, according to a news release. It's possible the plane could enter commercial service before the end of the year or in early 2026. Neither company has indicated where the cargo plane will be deployed, but there are several possibilities based on existing business relationships. The last time FedEx acquired a converted freighter — a Boeing 757 — was in 2016. Most of the 757 fleet consists of converted aircraft. FedEx last received a converted ATR freighter — an ATR 72-200 — was in 2011, company spokesman Jonathan Lyons said. FedEx owns 24 factory-built ATR 72-600 freighters, 19 older ATR 72-200s and 16 ATR 42s, which it supplies to partner airlines in North America and Europe to fly feeder routes on its behalf. Of the 24 ATR 72-600s, 13 are based in Europe: Spain-based Swiftair operates four of them for FedEx and nine are with ASL Airlines Ireland. The remaining aircraft are almost evenly split between Idaho-based Empire Airlines, Gulf & Caribbean Cargo and Mountain Air Cargo, according to the Flightradar24 database. Mountain Air Cargo and Empire Airlines operate the ATR 72-200s, along with Morningstar Air Express in Canada. ACIA launched the ATR 72-600 series conversion program in mid-2024 on a speculative basis. An ACIA subsidiary designed the aircraft modification kit, holds the certificate for commercial use and selected Empire Aerospace, the maintenance and repair sister of Empire Airlines, to perform the structural modifications. Empire Airlines connects smaller cities in the western half of the United States to FedEx hubs. The conversion process requires technicians to remove the existing upper and lower skin sections, door and door frame; completely rebuild the door frame and surrounding support for the outer surface layer; install a wide cargo door; reinforce the interior floor; and install fire protective liners in the cargo compartment. Empire says the process can take four to seven months, depending on customer specifications. ACIA said FedEx will use the ATR 72-600 converted freighter to replace an older aircraft. FedEx has six more ATR's scheduled for delivery by the end of next year under a pre-existing order. In March, FedEx placed a firm order with Toulouse, France-based ATR for 10 additional ATR 72-600 production freighters, with deliveries scheduled between 2027 and 2029. With a payload of about 10 tons, the ATR 72-600 can carry bulk cargo, five 88-by-108-foot pallets or up to seven smaller LD3 containers. Click here for more FreightWaves/American Shipper stories by Eric Kulisch. RELATED READING: FedEx orders Boeing 777 and ATR cargo aircraft, delays MD-11 retirements FedEx converts parcel freighter to heavy cargo operation The post FedEx buys world's first ATR 72-600 passenger-to-freighter aircraft appeared first on FreightWaves.
Yahoo
a day ago
- Business
- Yahoo
FedEx buys world's first ATR 72-600 passenger-to-freighter aircraft
FedEx will operate the world's first ATR 72-600 turboprop aircraft to undergo conversion from passenger to freighter configuration after signing a purchase agreement last week. Dublin-based ACIA Aero Leasing said it plans to deliver the converted freighter to FedEx (NYSE: FDX) by December, according to a news release. It's possible the plane could enter commercial service before the end of the year or in early 2026. Neither company has indicated where the cargo plane will be deployed, but there are several possibilities based on existing business relationships. The last time FedEx acquired a converted freighter — a Boeing 757 — was in 2016. Most of the 757 fleet consists of converted aircraft. FedEx last received a converted ATR freighter — an ATR 72-200 — was in 2011, company spokesman Jonathan Lyons said. FedEx owns 24 factory-built ATR 72-600 freighters, 19 older ATR 72-200s and 16 ATR 42s, which it supplies to partner airlines in North America and Europe to fly feeder routes on its behalf. Of the 24 ATR 72-600s, 13 are based in Europe: Spain-based Swiftair operates four of them for FedEx and nine are with ASL Airlines Ireland. The remaining aircraft are almost evenly split between Idaho-based Empire Airlines, Gulf & Caribbean Cargo and Mountain Air Cargo, according to the Flightradar24 database. Mountain Air Cargo and Empire Airlines operate the ATR 72-200s, along with Morningstar Air Express in Canada. ACIA launched the ATR 72-600 series conversion program in mid-2024 on a speculative basis. An ACIA subsidiary designed the aircraft modification kit, holds the certificate for commercial use and selected Empire Aerospace, the maintenance and repair sister of Empire Airlines, to perform the structural modifications. Empire Airlines connects smaller cities in the western half of the United States to FedEx hubs. The conversion process requires technicians to remove the existing upper and lower skin sections, door and door frame; completely rebuild the door frame and surrounding support for the outer surface layer; install a wide cargo door; reinforce the interior floor; and install fire protective liners in the cargo compartment. Empire says the process can take four to seven months, depending on customer specifications. ACIA said FedEx will use the ATR 72-600 converted freighter to replace an older aircraft. FedEx has six more ATR's scheduled for delivery by the end of next year under a pre-existing order. In March, FedEx placed a firm order with Toulouse, France-based ATR for 10 additional ATR 72-600 production freighters, with deliveries scheduled between 2027 and 2029. With a payload of about 10 tons, the ATR 72-600 can carry bulk cargo, five 88-by-108-foot pallets or up to seven smaller LD3 containers. Click here for more FreightWaves/American Shipper stories by Eric Kulisch. RELATED READING: FedEx orders Boeing 777 and ATR cargo aircraft, delays MD-11 retirements FedEx converts parcel freighter to heavy cargo operation The post FedEx buys world's first ATR 72-600 passenger-to-freighter aircraft appeared first on FreightWaves.
Associated Press
a day ago
- Automotive
- Associated Press
FedEx Optimizes Logistics Operations With New Facility in Vianen
VIANEN, Netherlands, July 14, 2025 /3BL/ - Federal Express Corporation (FedEx), the world's largest express transportation company, proudly announces the opening of its newest facility in Vianen. This modern site, designed to handle both parcel and pallet operations, marks a significant step forward in enhancing logistics infrastructure in the Netherlands. The new facility boosts the efficiency of sorting and shipping processes and is designed with safety and sustainability in mind. Strategic Growth and Operational Efficiency Built for strategic growth, the new facility in Vianen features a warehouse space of 5,865 m² and 816 m² of office space. It offers extensive operational benefits compared to the previous location. It includes ten dock doors for trailers—one equipped with a scissor lift and nine with loose load capabilities. A new sorting machine significantly increases efficiency, with a maximum sorting capacity of 3,600 parcels per hour. Thanks to 48 direct loading positions for vans at the conveyor belt, parcel processing is now faster and ergonomically improved. Advanced Technology The facility is equipped with new technologies, including parcel X-ray, a customs cage, and a designated aviation security area for processing secure air freight. Additionally, the site features a caster deck to efficiently unload unit load devices from trailers. These improvements enable faster parcel handling and delivery, while the advanced sorting system automatically detects whether shipments have been cleared by customs. Moreover, the planning department is located on-site, allowing for optimal freight scheduling. With an A-level energy label and FedEx's broader goal of achieving carbon-neutral operations by 2040, the facility has been designed with sustainability in mind. It includes fourteen charging stations for electric vehicles and four charging points for the general public. The site is also equipped with LED lighting and automated lighting sensors to minimize energy consumption. FedEx has scheduled an initial three electric vehicles for deployment in 2025, as part of the company's phased approach to electrification.i An Improved Working Environment Beyond operational efficiency and sustainability, FedEx is also investing in a comfortable and safe working environment. In addition to ergonomic workstations, modern office facilities, and a customer desk for enhanced service and direct shipments, the Vianen facility incorporates advanced safety measures. These include a security cage and weekly training sessions to ensure a secure workplace. 'Our new facility in Vianen plays a crucial role in optimizing our first- and last-mile operations, enabling us to serve our customers even better,' said Ron Willemsen, managing director ground operations, Benelux at FedEx. 'We are proud of the sustainable and innovative solutions this location offers. The opening of the new facility in Vianen highlights our commitment to customer focus, efficiency, and environmentally friendly logistics. We continue to invest in solutions to strengthen our position as a leading logistics service provider.' Click here to learn about FedEx Cares, our global community engagement program. Visit 3BL Media to see more multimedia and stories from FedEx
