Category Archives: FedEx Corporation

FedEx becomes Official Sponsor of the UEFA Champions League, celebrates the 100th Boeing 767

"100th Boeing 767 FedEx" special logo

FedEx Corporation and UEFA have signed a three-year agreement in which FedEx will sponsor the UEFA Champions League commencing at the start of the 2021/22 tournament and extending for three editions through to 2023/24. The agreement also includes sponsorship rights for the UEFA Super Cup, UEFA Youth League finals, the UEFA Champions League Futsal finals and UEFA eChampions League.

The sponsorship builds on the existing relationship with UEFA. FedEx became a main sponsor of the UEFA Europa League in 2015 and a UEFA National Team Football sponsor in 2019.  FedEx is also the Official Logistics Partner of UEFA EURO 2020 taking place in the summer of 2021 across multiple European host cities.

This new sponsorship of the UEFA Champions League reaffirms FedEx as a long-standing sponsor of UEFA.

In 2016, FedEx became the first sponsor to begin collaborating with the UEFA Foundation for Children, using football as a tool to deliver positive and social impact in communities around the world. Alongside sponsorship of the UEFA Europa League and UEFA EURO 2020, FedEx and the UEFA Foundation have delivered safe community football fields in Spain, Poland, Brazil, and South Africa and have rolled out a co-funded “Football for Employability” program benefitting young adults in Romania, Hungary, England and Ireland. FedEx also invited local children to be player mascots at UEFA Europa League finals in collaboration with non-profit organizations in Stockholm (Sweden), Lyon (France) and Baku (Azerbaijan), where an all-girl player mascot line-up made footballing history.

“Our global sponsorship of UEFA Champions League will deliver unrivalled opportunities for our brand, team members, customers, and communities. Aligning our brand with world class sports performance allows us to connect our services to our audiences through the passion and emotions generated by sports and enables us to contribute positively to our local communities,” said Brie Carere, executive vice president, chief marketing and communications officer, FedEx Corp.

“We’ll continue to explore powerful social responsibility collaborations with the UEFA Foundation for Children, as we have done throughout our UEFA Europa League sponsorship.”

“FedEx has proved to be an incredibly valued UEFA partner. We are delighted they are continuing their evolution with us, which started in 2015 and now sees them supporting our flagship club competition, the UEFA Champions League,” said UEFA marketing director Guy-Laurent Epstein. “The UEFA Champions League is the world’s greatest club competition, and we are looking forward to working with FedEx closely over the next three years to help them activate their numerous projects. They will benefit not just the footballing community, but also look to have a positive impact on the environment”.

In other news, the company is preparing to take delivery of the 100th Boeing 767. N277FE carries this special logo on the rear fuselage.

Top and Above Copyright Photo: FedEx Express Boeing 767-300F ER N277FE (msn 66246) (100th Boeing 767 FedEx) PAE (Nick Dean). Image: 953640.

FedEx aircraft slide show:

FedEx commits to carbon-neutral operations by 2040

FedEx Corporation, home of the world’s largest cargo airline, announced an ambitious goal to achieve carbonneutral operations globally by 2040 

To help reach this goal, FedEx is designating more than $2 billion of initial investment in three key areas: vehicle electrification, sustainable energy, and carbon sequestration. 

This includes a pledge of $100 million to Yale University to help establish the Yale Center for Natural Carbon Capture, accelerating research into methods of carbon sequestration at scale, with an initial focus on helping to offset greenhouse gas emissions equivalent to current airline emissions.   

We have a responsibility to take bold action in addressing climate challenges,” said Frederick W. Smith, Chairman and CEO, FedEx Corp. This goal builds on our longstanding commitment to sustainability throughout our operations, while at the same time investing in long-term, transformational solutions for FedEx and our entire industry.” 

Key steps toward reaching the carbon neutral goal include 

  • Vehicle Electrification. By 2040, the entire FedEx parcel pickup and delivery (PUD) fleet will be zeroemission electric vehicles. This will be accomplished through phased programs to replace existing vehicles. For example, by 2025, 50% of FedEx Express global PUD vehicle purchases will be electric, rising to 100% of all purchases by 2030.  
  • Sustainable Customer Solutions. FedEx will work with customers to offer end-to-end sustainability for their supply chains through carbonneutral shipping offerings and sustainable packaging solutions. 
  • Sustainable FuelsFedEx will continue to invest in alternative fuels to reduce aircraft and vehicle emissions.  
  • Fuel Conservation and Aircraft Modernization. FedEx will build on its successful FedEx Fuel Sense initiatives designed to reduce fuel consumption in its aircraft. Since 2012, the FedEx Fuel Sense and Aircraft Modernization programs have saved a combined 1.43 billion gallons of jet fuel and avoided over 13.5 million metric tons of carbon dioxide (CO2) emissions. 
  • Facilities. FedEx will continue efforts to make its more than 5,000 facilities worldwide more sustainable through continued investments in efficient facilities, renewable energy, and other energy management programs.  
  • Natural Carbon Sequestration. FedEx funding will help to establish the Yale Center for Natural Carbon Capture to support applied research into natural carbon sequestration solutions 

The path toward sustainability requires new strategies for removing and storing Earth’s excess carbon. The Yale Center for Natural Carbon Capture will catalyze interdisciplinary research across the natural sciences and engineering in an effort to accelerate this work.  

Center researchers will develop methods that build on natural carbon storage systems, including biological ecosystems and the geological carbon cycle, improving, where possible, how quickly carbon can be absorbed, how much can be contained, and how long it can be stored. Through these efforts, Yale scientists aim to create a portfolio of carbon removal strategies that have impacts on a global scale.  

Building upon initial successes in the aviation sector, the center will broaden its scope to address additional global sources of emissions – publishing and sharing its findings so that businesses, industries, and governments can benefit from work that will accelerate the adoption and implementation of natural carbon capture strategies around the world. 

“Addressing climate change is a complex challenge that demands urgent action, and natural carbon capture strategies will be one key part of that action,” said Dr. Ingrid C. “Indy” Burke, the Carl W. Knobloch, Jr. Dean of the Yale School of the Environment. “Through the creation of the Yale Center for Natural Carbon Capture, we aim to develop measurable carbon capture strategies to help offset carbon emissions globally.” 

The FedEx commitment builds on a history of sustainable practices. Since 2009, the company’s efforts have contributed to an approximately 40% reduction in CO2 emissions intensity across the enterprise while package volume increased 99% during that period. Recently, FedEx was ranked first in its industry on JUST Capital’s 2021 list of “America’s Most Just Companies” in the environment category and first in the travel, transport and logistics sector of Newsweek’s “America’s Most Responsible Companies 2021.” 

While we’ve made great strides in reducing our environmental impact, we have to do more. The long-term health of our industry is directly linked to the health of the planet, but this effort is about more than the bottom line – it’s the right thing to do,” said Mitch Jackson, Chief Sustainability Officer, FedEx Corp. “At FedEx, we are committed to connecting people and possibilities resourcefully and responsiblyThe steps we are taking today will contribute a positive impact for generations to come.”  

FedEx Express aircraft photo gallery:

FedEx Express aircraft slide show:

First ATR 72-600F is delivered to FedEx Express, operated by ASL Airlines Ireland

FedEx Express, a subsidiary of FedEx Corp. and the world’s largest express transportation company, has announced the delivery of the first ATR 72-600F aircraft to its feeder aircraft network. The delivery of the new state-of-the-art freighter was made from ATR to FedEx in Toulouse, France.

The ATR 72-600F is the first-ever production freighter built by ATR and can carry heavier payloads than ATRs converted from passenger configuration. The aircraft has a large cargo door, allowing for carriage of bulk cargo as well as Unit Load Device (ULD) configurations. It has a bulk capacity of 2,630 cubic feet (74.5 cubic meters), and when in ULD mode it can accommodate up to seven LD3 containers or five 88” x 108” pallets.

FedEx originally announced the purchase agreement with ATR in November 2017. Under the agreement, FedEx Express made a firm purchase of 30 ATR 72-600F aircraft with options to purchase up to 20 more. Subsequent deliveries will be about six aircraft per year over a five-year period. The first ATR aircraft will be operated by ASL Airlines Ireland, a FedEx ATR operator since 2000, as part of the FedEx Express Feeder fleet.

FedEx currently deploys 364 feeder aircraft operating in 56 countries. Most of these feeder aircraft are owned by FedEx and leased and operated by different third-party air carriers under their own operating certificates. The FedEx feeder fleet is comprised of aircraft under 60,000 pounds maximum gross take-off weight and allows the company to provide fast, economical services to small and medium-sized businesses around the world.

The first FedEx Express flight with Pfizer’s COVID-19 vaccine departs from Grand Rapids for Memphis

FedEx Express’ first flight (FDX 884) with Pfizer’s COVID-19 vaccine departed Grand Rapids, MI Gerald Ford Airport (GRR) at 11 am local time today bound for the Memphis hub.

The flight is being operated with Airbus A300F4-605R N669FE (below).

GRR issued this statement (photos by FedEx):

The first cargo plane carrying Pfizer’s COVID-19 vaccine for domestic use departed from the Gerald R. Ford International Airport at 11 a.m. today – the first of tens of thousands of shipments that will deliver the life-saving vaccine to locations around the nation and then the world.

After the FDA authorized the vaccine for emergency use, the first doses arrived via truck from Pfizer’s headquarters in Portage at 9:45 a.m. The mood was jubilant on the airfield as crews began loading the Airbus A300 in preparation for the one hour and 30-minute flight to Memphis, Tennessee.

Transportation plays a key role in distributing the vaccine, which must be kept at negative 94 Fahrenheit. A wide-body aircraft, the Airbus A300 can carry up to 105,000 pounds of cargo.

“This is a big day for West Michigan and a historic milestone for the world that marks the beginning of the end to the global pandemic,” said Torrance Richardson, president and CEO of the Gerald R. Ford International Airport Authority. “The Ford Airport is honored to play a key role in ensuring the vaccine gets into the hands of healthcare professionals around the country.

“Our continuing investment in infrastructure has ensured we are able to meet the demands of the aggressive delivery schedule. We train and prepare for this all year long to ensure we are ready for whatever challenges come our way.”

The Ford Airport is the closest commercial airport to Pfizer’s Kalamazoo manufacturing operations with the infrastructure needed to support the transportation process. Ford Airport has a 10,000-foot runway, dedicated cargo facility, appropriate ground support and the capacity needed to stage and transport billions of doses of the vaccine.

Talks continue with four global carriers that have expressed interest in transporting the widely anticipated vaccine, which is seen as the beginning of the end of the global pandemic.

Since the beginning of the pandemic, Ford Airport has taken a number of steps to make its guest experience as safe and comfortable as possible through its Fly Safe. Fly Ford. campaign. It also recently announced it is serving as a COVID-19 drive-up test site for guests and the community.

Previously GRR issued this statement:

As the Food & Drug Administration gives the green light to Pfizer’s COVID-19 vaccine, the Gerald R. Ford International Airport is prepared to serve as a national and international gateway for distribution.

The Ford Airport is the closest airport to Pfizer’s Kalamazoo manufacturing operations with the infrastructure needed to support the transportation process. Ford Airport has a 10,000-foot runway, dedicated cargo facility, appropriate ground support and the capacity needed to stage and transport billions of doses of the vaccine, which must be kept at negative 94 Fahrenheit.

Airport officials have been in talks with four global carriers that have expressed interest in transporting the widely anticipated vaccine, which is seen as the beginning of the end of the global pandemic.

“We’re here, we’re ready to help and we’re eager to get to work,” said Torrance Richardson, president and CEO of the Gerald R. Ford International Airport Authority. “We have invested in the infrastructure needed to accommodate the wide-body aircraft that will be used to transport the vaccine – and we have the team in place to handle the aggressive delivery schedule.

“Ford Airport is honored to be a key part of the distribution chain for Pfizer’s life-saving vaccine. We often say our Airport is the gateway to the world – this gives us the opportunity to underscore that in an exceptionally meaningful way.”

Since the beginning of the pandemic, Ford Airport has taken a number of steps to make its guest experience as safe and comfortable as possible through its Fly Safe. Fly Ford. campaign. It also recently announced it will serve as a COVID-19 drive-up test site for guests and the community.

FedEx commits to more than $3.2 billion in wage increases, bonuses, pension funding and expanded U.S. capital investment

FedEx Express Boeing 767-3S2F ER N121FE (msn 43545) SAN (Michael B. Ing). Image: 932269.

FedEx Corporation (FedEx Express) (Memphis) on January 26, 2018 three three major programs following the recently enacted U.S. Tax Cuts and Jobs Act:

1) Over $200 million in increased compensation, about two-thirds of which will go to hourly team members by advancing 2018 annual pay increases by six months to April 1st from the normal October date. The remainder will fund increases in performance-based incentive plans for salaried personnel.

2) A voluntary contribution of $1.5 billion to the FedEx pension plan to ensure it remains one of the best funded retirement programs in the country.

3) Investing $1.5 billion to significantly expand the FedEx Express Indianapolis hub over the next seven years. The Memphis SuperHub will also be modernized and enlarged in a major program the details of which will be announced later this spring.

FedEx believes the Tax Cuts and Jobs Act will likely increase GDP and investment in the United States.

The company has made no change to its fiscal 2018 earnings or capital expenditure guidance as issued on December 19, 2017, as a result of these actions.

Copyright Photo: FedEx Express Boeing 767-3S2F ER N121FE (msn 43545) SAN (Michael B. Ing). Image: 932269.

FedEx Express aircraft slide show:

Boeing, FedEx Express are collaborating on the latest ecoDemonstrator Program testing

Boeing-FedEx "ecoDemonstrator Program"

On July 6, 2017 Boeing made this announcement. Now the program is ready to proceed with a dedicated freighter.

As part of the continuing effort to accelerate aerospace innovation, Boeing and FedEx Express, a subsidiary of FedEx Corporation and the world’s largest express transportation company, will work together to fly the next ecoDemonstrator.

Starting in 2018, a new Boeing 777 Freighter made for FedEx Express will test emerging technologies, such as propulsion advancements and flight deck innovations.

The ecoDemonstrator program, now in its fifth iteration, serves as a series of flying testbeds designed to improve the environmental performance and safety of future airplanes.

“The ecoDemonstrator program is focused on harvesting exciting new technologies that will benefit our airline customers, the flying public and the environment,” said Mike Sinnett, vice president of Boeing Commercial Airplanes Product Development.

The collaboration on the newest ecoDemonstrator project is the latest in a 38-year relationship between Boeing and FedEx.

“FedEx is committed to developing and implementing innovative solutions that connect the world responsibly and resourcefully,” said David Cunningham, president & CEO, FedEx Express. “We’re proud to work with Boeing and use our 777 Freighter to play a key role in bringing future benefits to the entire aviation industry.”

This round of ecoDemonstrator testing includes installing a compact thrust reverser developed by Boeing designed to save fuel, flight deck improvements that can improve efficient operations in and out of busy airports, and flying prototype airplane parts using cutting-edge manufacturing techniques that reduce material waste.

Flight testing is scheduled to last approximately three months before the airplane returns to the FedEx fleet.

Top Copyright Photo: FedEx Express Boeing 777-FS2 N878FD (msn 40684) (ecoDemonstrator Program) PAE (Nick Dean). Image: 939725.

Bottom Copyright Photo: FedEx Express Boeing 777-FS2 N878FD (msn 40684) (ecoDemonstrator Program) PAE (Nick Dean). Image: 939726.

Boeing-FedEx "ecoDemonstrator Program"

FedEx and TNT Express march towards their merger with no object from the European Commission

FedEx Corporation logo

FedEx Corporation (Memphis) and TNT Express N.V. (Hoofddorp, Netherlands) have jointly issued this statement concerning the on-going acquisition by FedEx of TNT stock:

TNT logo

This is a joint press release by FedEx Corporation, FedEx Acquisition B.V. and TNT Express N.V. pursuant to the provisions of Article 5:25i paragraph 2 of the Dutch Act on Financial Supervision (Wet op het Financieel Toezicht) and Article 4 paragraph 3, of the Decree on Public Takeover Bids (Besluit Openbare Biedingen Wft) in connection with the recommended public offer by FedEx Acquisition B.V. for all the issued and outstanding ordinary shares in the capital of TNT Express N.V., including all American depositary shares representing ordinary shares. This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in TNT Express N.V. The Offer is made solely pursuant to the offer document, dated August 21, 2015 (the Offer Document), approved by the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten). Terms not defined in this press release will have the meaning as set forth in the Offer Document.

FedEx Corporation (FedEx), FedEx Acquisition B.V. (the Offeror) and TNT Express N.V. (TNT Express) hereby jointly confirm in response to recent media coverage, that to date they have not received a Statement of Objections from the European Commission. The internal deadline of the European Commission for issuing a Statement of Objections would have expired on October 23, 2015, but FedEx and TNT have been informed by the European Commission that no Statement of Objections will be issued. FedEx and TNT continue to expect that the Offer will close in the first half of calendar year 2016.

TNT Express stockholders approve the FedEx offer to acquire TNT

TNT Express (TNT Express N.V.) (TNT Airways) (Hoofddorp, Netherlands) stockholders today (October 5) approved the acquisition offer of FedEx Corporation (FedEx Express) (Memphis). The company issued this statement:

TNT Express logo

TNT Express N.V. (“TNT Express”) announces that the Extraordinary General Meeting of Shareholders (“EGM”) was held today, as per the agenda dated August 21, 2015.

At the EGM, the shareholders discussed the recommended public offer by FedEx Acquisition B.V., an indirect wholly-owned subsidiary of FedEx Corporation, for all issued and outstanding ordinary shares including ordinary shares represented by American depositary shares of TNT Express. The Executive Board and Supervisory Board of TNT Express restated their support and recommendation for FedEx’s offer, which is set to provide compelling benefits and opportunities to TNT’s customers, employees and shareholders. Accordingly, the Boards recommended to shareholders to tender their shares pursuant to the offer.

Furthermore, the general meeting resolved to adopt the following resolutions:

  • Conditional Asset Sale and Liquidation
  • Conditional amendment of TNT Express’ articles of association as per the Settlement Date
  • Conditional conversion of TNT Express in a B.V. and amendment of the Articles of Association as per the date of delisting from Euronext Amsterdam and pursuant to the conversion
  • Conditional appointment of Mr. D. Cunningham as member of the Supervisory Board as per the Settlement Date
  • Conditional appointment of Ms. C.P. Richards as member of the Supervisory Board as per the Settlement Date
  • Conditional appointment of Mr. D. Bronczek as member of the Supervisory Board as per the Settlement Date
  • Conditional appointment of Mr. D. Binks as member of the Executive Board as per the Settlement Date
  • Conditional appointment of Mr. M. Allen as member of the Executive Board as per the Settlement Date
  • Conditional amendment of the 2014 remuneration policy of the Executive Board to make changes to the remuneration of Mr. De Vries as per the Settlement Date
  • Conditional granting of full and final discharge from liability to all members of the Supervisory Board for their functioning until the date of the EGM, as per the Settlement Date: Mr A. Burgmans, Mr. S. Levy, Ms. M.E. Harris, Mr. R. King, Ms. M.A. Scheltema and Mr. S.S. Vollebregt
  • Conditional granting of full and final discharge from liability to all members of the Executive Board for their functioning until the date of the EGM, as per the Settlement Date: Mr L.W. Gunning and Mr. M.J. de Vries

As a result, FedEx Corporation issued this statement:

FedEx Corporation logo

FedEx Corporation has taken note of TNT Express N.V.’s (TNT Express) press release in relation to the Extraordinary General Meeting that took place today (the EGM) confirming that the shareholders of TNT Express approved all of the resolutions on the agenda. This release is made in connection with the recommended public offer by FedEx Acquisition B.V. (the Offeror) for all of the issued and outstanding ordinary shares in the capital of TNT Express, including all ordinary shares represented by American depositary shares (the Offer), as more fully described in the Offer Document.

“We appreciate that the shareholders of TNT Express approved the resolutions of TNT Express’ Extraordinary General Meeting,” said David Binks, Regional President Europe, FedEx Express. “We believe the combination of these two great companies will provide significant value to the employees, customers and shareowners of both TNT Express and FedEx, and we continue to work constructively with the regulatory authorities around the world to obtain clearance of the acquisition.”

EGM Resolutions and Offer Period

The Asset Sale and Liquidation Resolutions, the Conversion Resolution and the Governance Resolutions are conditional on the Offer being declared unconditional and the Settlement thereof. The Asset Sale and Liquidation Resolutions are also conditional upon the number of Shares tendered under the Offer, together with those Shares held by or committed to the Offeror or its affiliates and the Shares to which the Offeror or its affiliates are entitled, being less than 95% but at least 80% of TNT Express’ aggregate issued and outstanding ordinary share capital.

As a result of the Asset Sale and Liquidation Resolutions and the Conversion Resolution having been adopted, under the terms and subject to the conditions of the Offer, the minimum acceptance condition of the Offer will be 80% (and not 95%) of TNT’s aggregate issued and outstanding ordinary share capital, on a fully diluted basis, as of the time and date on which the Offer expires.

As previously announced, the Acceptance Period under the Offer is currently scheduled to expire at 17:40 hours CET (11:40 a.m. New York time) on October 30, 2015, unless extended in accordance with the terms of the Offer. FedEx and TNT Express are on track to obtain all necessary approvals and competition clearances.

The Combination presents a highly pro-competitive proposition for the provision of small package delivery services within and outside Europe. The networks of TNT Express and FedEx are largely complementary, given that FedEx’s strength is providing U.S. domestic and extra-EEA international services, while TNT Express’ focus is on providing intra-European services. The Combination would allow the parties to sell a more competitive e-commerce offering in the market, which should benefit consumers and SMEs in Europe and beyond. Based on the required steps and procedures in Europe, Brazil, China and other jurisdictions around the world, however, some of the approvals and competition clearances could be received after October 30, 2015. This would cause the Acceptance Period to be extended. In accordance with the terms and conditions in the Offer Document, the Offeror will announce any such extension by press release no later than three Dutch business days following the expiry of the current Acceptance Period.

European Commission logo

In April 2015, FedEx announced its intention to buy TNT Express for €4.4 billion ($4.8 billion; £3.2 billion), as it looks to expand its operations in Europe. The European Commission launched its investigation into the planned acquisition on July 31, 2015. The EC will decide by December 7, 2015.

Copyright Photo: Paul Denton/AirlinersGallery.com. TNT Airways Boeing 777-FHT OO-TSB (msn 39266) approaches the runway at Dubai.

TNT Airways aircraft slide show: AG Airline Slide Show

AG Bottom Ad Bar

FedEx pilots’ union leadership approves the the tentative agreement

The FedEx Master Executive Council (MEC), the governing body of the FedEx Express (Memphis) unit of the Air Line Pilots Association, Int’l (ALPA), voted to approve the tentative contract agreement reached on August 19 with FedEx management.

ALPA logo-2

The agreement now goes before more than 4,000 FedEx pilots eligible to vote in balloting that is scheduled to begin September 28, 2015, and close on October 20, 2015.

The new agreement provides across-the-board increases to hourly pay rates and new-hire compensation, a significant signing bonus that addresses the time elapsed since the agreement was amendable, retirement plan enhancements, and work-rule improvements. If ratified, the contract will go into effect November 2015 and would become amendable in 2021.

Copyright Photo: Ken Petersen/AirlinersGallery.com. Airbus A300B4-622R (F) N728FD (msn 581) climbs away from Raleigh-Durham International Airport (RDU).

FedEx Express aircraft slide show: AG Airline Slide Show

JustPlanes 25 Years banner