For the second quarter, we expect to see continued growth at FedEx's Ground segment driven by e-commerce volume growth, partially offset by loss of volumes from one customer for FedEx's SmartPost service. Declining fuel prices will likely impact the company's top line and margins.
More: continued here
FedEx Freight is building a state-of-the-art service centre in Surrey that’s expected to expand its Canadian and cross-border Canada-U.S. operations. “This is one of the most significant investments we’ve ever made,” said Grant Crawford, FedEx Freight vice-president — International, on Monday. The project is worth about $20 million. More: continued here
As more shoppers shift their spending online, FedEx is expecting to see a record volume of shipments over the holiday season. More: continued here
The U.S. men’s national soccer team will play Brazil in a May 30 friendly at FedEx Field in Landover, Md., the five-time world champion’s first visit to Washington since 1998 and the Americans’ debut at the Redskins stadium. Read full article >> More: continued here
FedEx posted higher quarterly profit as the shipping company cut costs and its express delivery segment, its biggest business, made more money. More: continued here
The German parent company of shipping firm DHL Express is poised to announce thousands of job cuts at its operations in the United States, possibly as early as today, according to a person familiar with the decision. More: continued here
US military blocks popular websites for Japan recoveryCNN Political Ticker (blog)The sites – including YouTube, ESPN, Amazon, eBay and MTV – were chosen not because of the content but because of their popularity among users of military computers account for significant bandwidth, according to Strategic Command spokesman Rodney …US military blocks sites to free space…