FedEx effect adds $80 billion to global economy

FedEx directly contributed more than $80 billion to the global economy in the 2023, financial year despite recent economic pressures, according to the express and logistics company’s annual economic impact report, released on 6 November.Produced in consultation with data and analysis firm Dun & Bradstreet, the study demonstrates the positive impact FedEx has on individuals and communities around the globe, which it calls the ‘FedEx Effect.’In Europe, the company’s impact ... [+]

FedEx and Microsoft announce e-commerce collaboration

FedEx Corp. and Microsoft Corp. announced ton January 24 the next solution as part of their multiyear collaboration to transform commerce, supply chains and logistics. FedEx and Microsoft will bring together FedEx network intelligence with capabilities from Microsoft Dynamics 365 to introduce a cross-platform “logistics as a service” for retailers, ... [+]

Atlas Air Worldwide Announces Contract with FedEx

Atlas Air Worldwide Holdings, Inc. (AAWW) announced its subsidiary Atlas Air, Inc. has entered into a long-term agreement with FedEx to provide two 747-400 freighter aircraft on a full-time aircraft, crew, maintenance and insurance (ACMI) basis. This new agreement is in addition to the company’s existing multi-year peak season contract ... [+]

Dubai Temporary Operational Changes During Ramadan

The United Arab Emirates (UAE) government announced the Holy Month of Ramadan will start on Wednesday, May 16 or Thursday, May 17 and continue for 30 days until Thursday, June 14 or Friday, June 15. During this period, the FedEx Trade Networks office in Dubai will have reduced working hours as ... [+]

Montana Specialty Mills Breaks Ground on New $20m Processing Facility in Montana

Montana Specialty Mills, LLC broke ground on its new $20 million, 20-acre processing center on July 25 at the Great Falls Montana Development Authority’s AgriTech Park. The new facility, expected to be complete by the fall of 2018, will feature state-of-the-art grain processing equipment dedicated to making non-GMO products and ... [+]

FedEx Introduces Global E-Commerce Solutions Under FedEx CrossBorder

FedEx Trade Networks, the international freight forwarding arm of FedEx Corp. has re-launched Bongo International as FedEx® CrossBorder. The announcement highlights the FedEx investment in expanding its international e-commerce offerings. FedEx CrossBorder, a subsidiary of FedEx Trade Networks, offers e-commerce technology solutions that enable e-tailers to navigate common cross-border selling challenges ... [+]

FedEx Honored as Tops for Women Business Enterprises

In concert with the Women’s Business Enterprise National Council (WBENC), FedEx executives proclaimed their pride that FedEx is included on the 16th annual list of America’s Top Corporations for Women’s Business Enterprises (WBEs). The award is the only national award honoring corporations for world-class supplier diversity programs that reduce barriers and ... [+]

Stop Hunger Now, FedEx Employees Team Up to Package 100,000 Meals on MLK Day of Service

An estimated 500 FedEx employees across 10 cities will team up with Stop Hunger Now on Monday, January 18 to package meals for the world’s hungry in recognition of the Rev. Martin Luther King Day Jr. of Service. This is the third year FedEx has worked with Stop Hunger now to ... [+]

FedEx Delivers Vince Lombardi Trophy to Bay Area in Advance of Super Bowl 50

As players, fans and coaches head to northern California for Super Bowl 50, one special piece of hardware has arrived via FedEx. As the Official Delivery Service Sponsor of the NFL and the Super Bowl, FedEx ensured the safe and on-time delivery of the Vince Lombardi Trophy to the NFL ... [+]

FedEx Opens Nordic Gateway at CPH

FedEx Express recently opened a new facility at Copenhagen Airport (CPH) that will serve as a hub for inbound and outbound shipments for Denmark, Finland, Norway and Sweden. The facility is the carrier’s ninth new FedEx Express facility in Scandinavia in the past five years. The facility is over 86,000 square feet ... [+]

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