American company FedEx has come under fire after a multibillion-dollar federal delivery contract coincided with a sharp increase in the company’s hiring of foreign workers, even as it cut hundreds of ...

FedEx is facing backlash after a report by Dallas Express revealed the company was awarded a $2.2 billion federal contract in 2022 and has since hired hundreds of foreign workers on H-1B visas.

FedEx recently encountered criticism following a report from Dallas Express that claimed the company was granted a federal contract worth $2.2 billion in 2022 and has subsequently employed hundreds of ...

FedEx expects to incur $175 million in extra costs to overcome lost capacity from the mandatory grounding of its MD-11 air cargo fleet during the peak shipping season and now anticipates the flying ...

In recent months, FedEx has advanced its multi-year DRIVE and Network 2.0 transformation programs, while outlining plans to separate FedEx Freight into an independent, publicly traded company by June ...

FedEx is closing a third-party logistics operation in Coppell and laying off nearly 900 workers, according to an official WARN notice sent to the Texas Workforce Commission. The Memphis-based shipping ...

The cuts will hit FedEx Supply Chain Logistics & Electronics, Inc., which told state officials it will "discontinue its operation" at the 840 W. Sandy Lake Rd. site after the unnamed customer opted to ...

Several workers who were contracted to work for FedEx have been arrested after allegations that they were involved in a theft ring in Georgia. According to Fox Carolina, 35-year-old Quandrickus ...

A group of current and former delivery drivers claim FedEx structured its business model to classify drivers as employees of "independent service providers despite FedEx controlling their work. FedEx ...

Forbes contributors publish independent expert analyses and insights. Ankita Dhawan is a Delhi-based equities expert analyzing U.S. stocks. Shares of FedEx Corporation (NYSE: FDX) soared more than 5% ...

After a short two-week hiatus, PGA Tour golf is back this week with the Procore Championship at Silverado in Napa, Calif. There’s a lot of star power in the field this week, with 10 of the 12 players ...

FedEx's parcel delivery business faces low margins and tough competition, but cost-saving initiatives could boost profits by up to 50%. The planned spin-off of the high-margin freight segment is a key ...