Fedex Stock News

FedEx Corporation suspended its domestic express freight services once again due to a shortage staffing from workers quarantined due to a positive case of Omicron COVID-19. Read more.

FedEx COO Raj Subramaniam told CNBC it''s part of an ongoing commitment to HBCUs, including a $5 million donation in 2021.

FedEx Corporation (NYSE:FDX) had requested the Federal Aviation Administration (FAA) for approval of laser-based missile defense systems on its Airbus A321-200 planes in 2019. However, on Tuesday, the FAA withdrew the conditions under which such would have taken place. Q4 2021 hedge fund letters, conferences and more Withdrawal As reported by the New York Post, […]

The FAA says it isnt moving forward with a proposal to put an infrared missile-stopping laser on FedEx cargo planes at this time.

The Federal Aviation Administration said on Tuesday it was withdrawing proposed conditions that could have allowed delivery company FedEx to install a laser-based missile-defense on jet-maker Airbus A321-200 airplanes.

A San Francisco FedEx driver has gone viral for slinging a package from his truck to a doorstep with the accuracy and speed of Jimmy Garoppolo himself.

US Airline Lobbying Group Warns Of ''Catastrophic Disruptions'' Upon 5G Rollout The Federal Aviation Administration (FAA) cleared a large portion of the U.S. commercial plane fleet for ultra-low visibility landing at half of the U.S. airports affected by the upcoming rollout of 5G. However, a top airline lobbying group warned the 5G rollout could unleash severe economic consequences for commercial and cargo airlines. An FAA statement , released Sunday, said Boeing 737, 747, 757, 767, MD-10/-11 and Airbus A310, A319, A320, A321, A330 and A350 models had been approved to perform low-visibility landings (this represents about 45% of America''s commercial fleet). The agency also approved two radar altimeter models that will not be disrupted by the 5G band from cellular towers. The remaining airports will be heavily impacted by 5G frequencies and could cause airlines to delay or cancel flights based on weather. The FAA has requested AT&T and Verizon, which plan to turn on their 5G towers on Dec. 19, to create buffer zones for six months around 50 airports where transmitters are nearby. "Even with these new approvals, flights at some airports may still be affected.

FedEx Wants To Arm Cargo Planes With Anti-Missile Lasers International logistics giant FedEx seeks permission to mount a laser weapon system on the exterior of cargo planes as a countermeasure against heat-seeking missiles, according to an unpublished Federal Aviation Administration (FAA) proposal in the Federal Register . The unpublished document, titled "FedEx Express, Airbus Model A321-200 Airplanes; Installation of an Infrared Laser Countermeasure System," is set to be released by the FAA on Jan. 18, explains how the logistics company wants to install the laser weapon on at least one Airbus A321-200 freighter that would be used to direct laser energy toward heat-seeking missiles as a countermeasure. This action proposes special conditions for the Airbus Model A321-200 airplane . This airplane, as modified by FedEx Express (FedEx), will have a novel or unusual design feature when compared to the state of technology envisioned in the airworthiness standards for transport category airplanes.

The technology would directs infrared laser energy that disrupts heat-seeking missiles'' ability to track an aircraft.

Dozens of cargo trains are broken every day in US Los Angeles by thieves who loot packages bought online.According to the Union Pacific rail operators, there has been a 160% rise in thefts since December 2020

Photos and videos showing piles of empty boxes littered alongside rail tracks in Los Angeles County, California have gone viral as shipping companies say they''ve seen a dramatic spike in railroad theft. Some of the boxes are packages from companies like UPS, Amazon and FedEx.

The city of Indianapolis has effectively denied a request for over $2 million in compensation made by three members of the Sikh community affected by a mass shooting at an Indianapolis FedEx facility

Severe winter storms, especially near the companys international air hub in Memphis, have required FedEx to implement contingency plans and adjust operations to reduce delivery disruptions.

BrightDrop also announced an expanded deal with FedEx Wednesday.