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Memphis-based logistics giant FedEx is reducing its headcount as it works to "streamline and realign functions." FedEx confirms layoffs, says 'small number of positions' eliminated: Here's what we ...
In February 2004, FedEx bought Kinko's for $2.4 billion, which then became known as FedEx Kinko's Office and Print Centers. Prior to the FedEx acquisition, most Kinko's stores were open 24 hours a day. After the acquisition, FedEx reduced the hours for many locations. On June 2, 2008, FedEx announced that they were re-branding FedEx Kinko's as ...
Around 75 FedEx pilots, represented by the Air Line Pilots Association, conduct an informational picket in front of the FedEx executive headquarters, 942 Shady Grove Road in Memphis, to ...
It was launched as FedEx Home Delivery Service in 2000 delivering five days a week, Tuesday through Saturday. [ 8 ] [ 14 ] In 2020, the service expanded to seven days a week to most of the US. The maximum per package weight was also increased from 70 pounds to 150 pounds at the same time bringing it inline with the FedEx Ground limit.
FedEx pilots and members of the Air Line Pilots Association International (ALPA) held an informational picket outside the FedEx corporate headquarters at 942 Shady Grove Road in Memphis on ...
In the early days of FedEx, Smith had to go to great lengths to keep the company afloat. In one instance, after a crucial business loan was denied, he took the company's last $5,000 to Las Vegas and won $27,000 gambling on blackjack to cover the company's $24,000 fuel bill. It kept FedEx alive for one more week. [17]
FedEx supplied an MD-11 and a leased 747 for the flight test phase. FedEx Express became the first air carrier to deploy the Guardian on a commercial flight in September 2006, when it equipped an MD-11 freighter with the pod. [93] [94] By December 2007, the company had nine aircraft equipped with the system for further testing and evaluation. [95]
[7] Kenneth May resigned as CEO of FedEx Office effective March 31, 2008 () after a falling out with the corporation over future strategy of the copy chain; replacing May was his COO, Brian Philips. [8] [9] After the announcement, FedEx shares fell $1.77, or about 2 percent. [8]