FedEx Corporation has been in the news recently for various reasons. The company faced a lawsuit filed by a Black former delivery driver in Mississippi seeking at least $5 million after being pursued and shot at during a high-speed chase. Additionally, FedEx, along with UPS, announced fee reductions for business customers in response to weaker holiday shipping demand. Furthermore, FedEx reported its latest financial results amid ongoing challenges in the global shipping industry.
FedEx Corporation is an American multinational delivery services company headquartered in Memphis, Tennessee. Founded in 1971, the company initially operated as Federal Express, offering overnight shipping services. Over the years, FedEx has expanded its services to include ground shipping, freight services, and logistics solutions. With a significant presence in the global shipping market, FedEx plays a crucial role in facilitating the movement of goods and packages across borders. The company's distinctive logo and branding have become synonymous with reliable and efficient delivery services worldwide.
-
Severe storms kill one person and destroy dozens of homes
-
A Black former delivery driver in Mississippi has filed a new lawsuit seeking at least $5 million against FedEx and two men who pursued him in a high-speed chase and shot into his work van last year.
-
Giant pandas Mei Xiang, Tian Tian, and their cub Xiao Qi Ji leave the US for China amid worsening US-China relations.
-
Flights at Hamburg Airport were suspended after a credible threat was received against a specific flight from Tehran, resulting in a security operation and vigorous screenings of passengers and crew.
-
UPS and FedEx are lowering fees for business customers in response to weaker holiday shipping demand.
-
Mortgage approvals in the UK hit a six-month low in August, with house sales also falling by 16% compared to the same month a year earlier.
-
The number of pubs in England and Wales that shut their doors for good rose sharply in the first half of 2023, prompting warnings to the government that planned rises in business rates could force further closures in the beleaguered sector.
-
The Federal Reserve is expected to maintain interest rates at 5.4% while FedEx reports its latest financial results.
-
A woman in Arizona was abducted by a man posing as an Uber driver and was rescued after passing a note to a customer at a gas station, seeking help.