According to recent reports, thieves have been looting cargo containers aboard trains near downtown Los Angeles. The majority of the packages being stolen are from Amazon.com Inc., United Parcel Service Inc., and FedEx Corporation. Amazon said it was directing inquiries to the police. Union Pacific Corporation, the railroad company which owns the tracks, estimates more than 90…
Amazon, UPS, and FedEx Packages Ransacked and Stolen From Los Angeles Trains
January 17, 2022
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Business & EconomyCompaniesCrime and IncidentsfedexLos Angeles CountyRegional NewsRegional-Local NewsthefttrainsUSUS News
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Biden Declares Victory Over the Christmas Supply-Chain Crisis From the White House
December 23, 2021
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Business & Economyeconomic policieseconomyExecutive BranchfedexJoe BidenPolicies & ImpactsPoliticssupply chain crisisUSUS News
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President Joe Biden declared ahead of a White House task force meeting on Dec. 22, that his administration’s efforts to eliminate supply-chain bottlenecks ahead of the holiday season had succeeded. Biden met with his Supply Chain Disruptions Task Force, which consisted of administration officials and the CEOs of large private-sector companies. The task force was established…
FedEx Reinstates 2022 Profit Target, Shares Soar
LOS ANGELES—U.S. delivery firm FedEx Corp. reinstated its original fiscal 2022 forecast on Thursday, even as persistent labor woes chipped away profits ahead of the peak holiday season when the number of packages it handles often doubles. Shares in the company, which also reported flat year-over-year adjusted profit for the fiscal second quarter, were up…
Police: FedEx Packages Found in Woods at Second Alabama Site
JEMISON, Ala.—Nearly two dozen FedEx packages have been found dumped in woods along a rural road in an Alabama town about 75 miles from a ravine where hundreds of undelivered FedEx parcels previously were discovered, police said Wednesday. Police in the town of Jemison said in a statement on social media that about 20 packages…
FedEx Driver Questioned About Hundreds of Packages in Woods
HAYDEN, Ala.—The recent discovery of hundreds of packages in a wooded area north of Alabama’s most populous city have led authorities to question a FedEx driver, a sheriff said Monday. As many as 400 packages of varying sizes were found in a ravine last week about 30 miles (50 kilometers) north of Birmingham, authorities said….
Amazon Set to Surpass UPS, FedEx In US Deliveries
Amazon.com Inc worldwide consumer business CEO Dave Clark sees the company become the most significant U.S. package delivery service by 2022, CNBC reports. Clark sees Amazon overtaking longstanding shipping rivals United Parcel Service Inc and FedEx Corp. Amazon has been steadily building up vast logistics and fulfillment operations since a 2013 holiday debacle left its…
FedEx Worker in Australia Strike Over Pay and Conditions
FedEx couriers in Australia have walked off the job with the industrial action expected to affect Christmas deliveries. The Transport Workers Union (TWU) says from Monday its members will participate in national rolling four-hour strikes this week. The parties have been in dispute over pay and conditions for months with a string of strikes this…
FedEx Workers in Australia Strike Over Pay and Conditions
FedEx couriers in Australia have walked off the job with the industrial action expected to affect Christmas deliveries. The Transport Workers Union (TWU) says from Monday its members will participate in national rolling four-hour strikes this week. The parties have been in dispute over pay and conditions for months with a string of strikes this…
Stock Wars: FedEx vs UPS
Benzinga’s weekly Stock Wars matches up two leaders in a major industry sector This week, the duel is between two courier delivery services: FedEx Corporation and United Parcel Service Inc. The Case For Fedex This company was founded in 1971 by newly-minted Yale University graduate Frederick W. Smith as Federal Express Corporation. Originally based in…
FedEx Investors Approve CEO Pay, Proposals on Lobbying and ‘Golden Parachutes’
NEW YORK—FedEx Corp investors approved billionaire Chief Executive Fred Smith’s $54 million pay plan on Monday at the delivery company’s annual meeting, but rebuffed the corporate board’s recommendations on shareholder proposals on lobbying and outsized executive severance packages. Investors approved by more than 50 percent non-binding proposals for more disclosures on the company’s lobbying and…
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