By Laura Stevens (The Wall Street Journal) FedEx Corp. on Friday agreed to pay $16.5 million to settle a lawsuit alleging the package-shipping company systematically overcharged its business customers by improperly assessing them residential surcharges. The nearly three-year-old lawsuit, which was filed in the US District Court in Memphis, Tenn., accused FedEx of overcharging business and …
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MEMPHIS, Tenn. – FedEx says it will raise rates for its ground and home delivery services by an average of 5.9 percent beginning on Jan. 5. The package delivery company says it will also increase surcharges for some ground, home delivery and express shipments on that date. More: continued here
U.S. stocks, finally off a four-week losing jag, face updates from the Federal Reserve and bellwethers General Electric Co. and FedEx Corp. as they try to hang on to their recent gains. More: continued here
CHARLOTTE, N.C. – The No. 11 FedEx Toyota pit crew captured the 2011 NASCAR Sprint Pit Crew Challenge team champion title, defending the team’s title from 2010, by defeating the No. 48 Lowe’s Chevrolet pit crew with a time of 22.298 seconds. More: continued here
FedEx Corp. said Monday that it will take a $134 million charge in the fourth quarter as it speeds up replacements of some of older aircraft.The company will retire 18 Airbus A310-200 planes and six Boeing … More: continued here
FedEx Corp. said fiscal second- quarter profit rose 14 percent as the operator of the world’s largest cargo airline began seeing initial results from a $1.7 billion, three-year cost reduction plan. Earnings on that basis fell short of the $1.65 average of analysts’ estimates compiled by Bloomberg, partly because of a reduced operating margin at…
AUCKLAND, New Zealand, May 29, 2014—FedEx Express New Zealand, a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, has been accredited Best Employer for the seventh year in succession in the 2014 … More: continued here