FedEx reportedly is in talks to buy all or part of Deutsche Post’s DHL delivery business in the U.S. in a deal that would help it challenge larger rival UPS. More: continued here
Read More »Smith buys $12.85M in FedEx stock (Memphis Business Journal)
Frederick W. Smith, chairman, president and CEO of FedEx, acquired 400,000 shares of the company’s common stock, according to a Securities and Exchange Commission filing. (FDX) More: continued here
Read More »DHL denies sale to FedEx (New Mexico Business Weekly)
A DHL spokesman says parent company Deutsche Post World Net has no plans to sell its U.S. Express delivery service to its rival FedEx Corp. (FDX) (WAG) More: continued here
Read More »FedEx worker jailed for gun theft (Worcester Telegram & Gazette)
WORCESTER – A former FedEx Corp. worker who stole guns from FedEx packages in Auburn was sentenced to a year in prison yesterday in U.S. District Court. More: continued here
Read More »Report: FedEx in talks for DHL purchase (Memphis Business Journal)
FedEx Corp. is attempting to buy the U.S. express division of rival DHL from its parent Deutsche Post World Net, according to a Reuters story that cites German newspaper Financial Times Deutschland. (FDX) More: continued here
Read More »4th Circuit Delivers FedEx a Loss in Disability Case (Law.com via Yahoo! Finance)
The 4th Circuit unanimously affirmed on Wednesday a jury award of $100,000 in punitive damages against FedEx for discriminating against a former package handler who is deaf. The appeals court rejected FedEx’s arguments that the punitive damages were excessive and that FedEx managers had made good-faith efforts to comply with …
Read More »Coffee Break: DHL arm has appeal for FedEx (Memphis Commercial Appeal)
Could FedEx use some more airplanes? The company says not, but German newspaper Financial Times Deutschland says that the Memphis giant is trying to buy rival DHL’s U.S. express business. More: continued here
Read More »Deutsche Post CEO wants to sell US parcel/express ops to Fedex – report (Sharewatch)
FRANKFURT (Thomson Financial) – Deutsche Post AG chief executive Klaus Zumwinkel wants to dispose the company’s loss-making US parcel and express business and sell it to its rival Fedex Corp, Financial Times Deutschland said, citing unnamed sources. More: continued here
Read More »DHL denies sale to FedEx (bizjournals.com via Yahoo! Finance)
A DHL spokesman says parent company Deutsche Post World Net has no plans to sell its U.S. Express delivery service to its Memphis-based rival FedEx Corp. More: continued here
Read More »Innovators at FedEx Labs harnessing the future (Memphis Commercial Appeal)
The first clue to the place’s torque is the coffee: of three Starbuck’s blends on tap at the front door, two are dark roasts. More: continued here
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