Category Archives: FedEx Express

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.

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FedEx Express to introduce a new feeder aircraft

 

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FedEx Express (FedEx), a subsidiary of FedEx Corporation, has announced it has entered into a purchase agreement with Textron Aviation, Inc., a Textron Inc. company, that will continue the modernization of the company’s fleet of feeder aircraft.

FedEx Express has agreed to purchase 50 clean-sheet design Cessna SkyCourier 408 aircraft, with options to purchase up to 50 additional aircraft. Delivery of the first aircraft is expected in mid-2020, with subsequent deliveries on a schedule of one aircraft per month over a four-year period.

Cessna SkyCourier 408 key features:

  • twin-engine, high-wing turboprop
  • digital cockpit
  • aft Large Cargo Door (LCD)
  • flat floor cabin equipped to handle up to three LD3 containers and a 6,000 lb. maximum payload

The Cessna SkyCourier 408 will be assembled by Textron Aviation in Wichita, Kansas. The twin-engine, high-wing turboprop has almost twice the volumetric capacity of the single engine Cessna Caravan 208 currently in the FedEx Express feeder fleet. Unlike FedEx’s current feeder aircraft, the aircraft has a large 87” x 69” cargo door, which will support container and pallet operations. The large cargo doors will help FedEx to provide even faster service to air freight customers who ship to or from smaller markets in its network.

Earlier this month, FedEx announced the purchase of 30 ATR 72-600F aircraft with the option to purchase up to 20 more as a first step to modernizing the company’s feeder fleet. “These aircraft purchases are part of our long-term feeder fleet strategy,” said Greg Hall, Executive Vice President of Air Operations, FedEx Express. “That strategy will not only improve our fuel efficiency and fleet reliability, but thanks to a collaborative training program we are planning, will create a reliable pipeline of well-qualified pilot applicants for FedEx Express pilot jobs, leveraging the experience they will gain in our feeder system.”

The FedEx Express Feeder network is a strategic component of the overall global linehaul network, serving markets too small for direct FedEx Express air linehaul service and markets where FedEx Express does not have operating rights. The Feeder network is composed of more than 300 aircraft serving 45 countries. Most of these feeder aircraft are owned by FedEx and are 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 service to small and medium-sized markets around the world.

The Cessna SkyCourier 408 will be offered in cargo and passenger variants. The cargo variant will feature a large cargo door and a flat floor cabin that is sized to handle up to three LD3 shipping containers with an impressive 6,000 pounds of maximum payload capability. The aircraft will also afford a maximum cruise speed of up to 200 ktas and a 900 nautical-mile maximum range.

The efficient 19-passenger variant will include crew and passenger doors for smooth boarding, as well as large cabin windows for great natural light and views. Both configurations will offer single-point pressure refueling to enable faster turnarounds.

The Cessna Caravan platform has set the standard in the single-engine utility category for decades. The Cessna SkyCourier will build on that proven success in the large-utility category, offering even greater capability and mission flexibility.

Image: Cessna.

FedEx Express orders 30 ATR 72-600F freighters

FedEx Feeder-Empire Airlines (3rd) ATR 72-212 (F) N805FX (msn 372) ANC (Michael B. Ing). Image: 930573.

FedEx Express, a subsidiary of FedEx Corporation, has announced it has completed a purchase agreement with ATR that will begin to modernize the company’s fleet of feeder aircraft.

Under the agreement, FedEx Express is making a firm purchase of 30 ATR 72-600F aircraft with options to purchase up to 20 additional ATR 72-600Fs. Delivery of the first aircraft is expected in 2020, with subsequent deliveries of about six aircraft per year over a five year period.

ATR 72-600Fs will have:

  • a forward Large Cargo Door (LCD) and a rear upper-hinged cargo door
  • digital cockpits
  • advanced avionics technology and enhanced take-off performance
  • ADS-B “out” capabilities

The ATR 72-600F is equipped with reinforced floor panels and will support both bulk cargo and Unit Load Device (ULD) configurations. The aircraft has a bulk capacity of 2,630 cubic feet (74.6 cubic meters). When in ULD mode, it can accommodate up to seven LD3 containers, or five 88” x 108” pallets, or nine 88” x 62” pallets.

Current FedEx feeder aircraft do not carry containers or palletized freight, so these new features will help the company better serve customers in the air freight market where palletized shipments are the norm.

FedEx currently deploys more than 300 feeder aircraft in 45 countries. Most of these feeder aircraft are owned by FedEx, and are 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 service to small and medium-sized markets around the world.

The FedEx feeder fleet complements the company’s jet fleet of over 360 aircraft, including Boeing 777s, 767s and 757s, MD-11s, MD-10s, Airbus A300s and Airbus A310s.

Copyright Photo: The new ATR 72-600s will replace the older ATR 42s and ATR 72s. FedEx Feeder-Empire Airlines (3rd) ATR 72-212 (F) N805FX (msn 372) ANC (Michael B. Ing). Image: 930573.

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"

N885FD with “FedEx Panda Express” 2017 special markings transports Bao Bao to China

N885FD with "FedEx Panda Express" 2017 special markings transports Bao Bao to China

Bao Bao (BOW-BOW) the 3 ½ year-old giant panda began her journey to China on the morning on February 21, 2017. She departed the Smithsonian’s National Zoo at 11 a.m. for Dulles International Airport, where she boarded a FedEx Express Boeing 777F plane bound for Chengdu, China. The nonstop flight took about 16 hours. Bao Bao’s departure from the Zoo was broadcast via Facebook Live.

On the morning of February 21, 2017, the panda team arrived at 6:30 a.m. to finalize preparations for Bao Bao’s departure. Bao Bao received her morning diet of 17 pounds (8 kilograms) of bamboo and 5.4 (150 grams) leafeater biscuits and spent time in her outdoor habitat. Already acclimated from daily training, keeper Marty Dearie called Bao Bao back indoors and then into the custom travel crate at approximately 10 a.m. Zoo staff moved the crate onto a specially-decorated forklift which traveled carefully out of the David M. Rubenstein Giant Panda Habitat through the Zoo and was loaded on a FedEx Express truck. Dennis Kelly, director of the Zoo, was joined by Ambassador Cui Tiankai from the People’s Republic of China, Smithsonian Regent and Zoo giant panda conservation program supporter David Rubenstein and animal care staff to say goodbye.

In 2010, FedEx Express transported Bao Bao’s brother Tai Shan from The National Zoo to the China Conservation and Research Center in Chendgdu. FedEx Express also provided the transport for Bao Bao’s parents, Mei Xiang and Tian Tian, from China to the United States in 2000.

The specialized travel crate is made of steel and weighs approximately 800 lbs. Marty Dearie, one of the keepers who has cared for Bao Bao since her birth, and Katharine Hope, veterinarian at the Zoo will make the 8,600-mile trip with her. They continuously monitored Bao Bao during the trip and traveled with a supply of her favorite treats, including 50 pounds of bamboo, 2 pounds apples, 2 bags of leafeater biscuits, cooked sweet potatoes and water.

Upon arrival in Chengdu, Bao Bao’s new keepers from China Conservation and Research Center for the Giant Panda drove her to Dujiangyan Panda Base where she will stay in quarantine for approximately 30 days. The American team will follow, and Dearie will remain with Bao Bao for three days while she acclimates to her new home. It is not confirmed if Bao Bao will remain at Dujiangyan after the quarantine period has ended. Bao Bao will enter the giant panda breeding program when she reaches sexual maturity between 5 and 6 years old.

The panda team prepared Bao Bao for the move to make sure she is comfortable and safe during her journey. To slowly acclimate her to the travel crate, keepers asked Bao Bao to walk through it every day. After she became comfortable doing that, they got her used to spending short periods of time in it with the doors closed.

Bao Bao was born at 5:32 p.m. August 23, 2013, at the Zoo’s David M. Rubenstein Family Giant Panda Habitat. Her name translates to “precious” or “treasure” in Chinese. Both Mrs. Michelle Obama, former first lady of the United States, and Madame Peng Liyuan, first lady of China sent congratulatory messages for her naming ceremony when she was 100 days old. At her first birthday zhuazhou (dra-JO) ceremony, she selected a banner depicting peaches, representing longevity. She is the second surviving cub of her parents Mei Xiang (may-SHONG) and Tian Tian (tee-YEN tee-YEN).

Giant pandas are listed as “vulnerable” in the wild by the International Union for Conservation of Nature. There are an estimated 1,800 in the wild. The Smithsonian’s National Zoo and Conservation Biology Institute is a leader in giant panda conservation. Ever since these charismatic bears arrived at the Zoo in 1972, animal care staff and scientists have studied giant panda biology, behavior, breeding, reproduction, and disease. These experts are also leading ecology studies in giant panda’s native habitat. The Zoo’s giant panda team works closely with colleagues in China to advance conservation efforts around the world. Chinese scientists are working to reintroduce giant pandas to the wild.

Copyright Photo: FedEx Express Boeing 777-FS2 N885FD (msn 41064) (FedEx Panda Express 2017) IAD (Brian McDonough). Image: 936065.

 

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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:

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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.

FedEx Express and its pilots agree to a new contract

FedEx Express (Memphis) and its pilots, represented by ALPA, have finalized a new contract.

ALPA issued this statement:

ALPA logo-2

The pilots of FedEx Express, represented by the Air Line Pilots Association, Int’l. (ALPA), have approved a new contract agreement with FedEx management. The new agreement provides across-the-board increases to hourly pay rates and new-hire compensation, a significant signing bonus, retirement plan enhancements, work-rule improvements, and other positive modifications.

Copyright Photo: Ken Petersen/AirlinersGallery.com. Airbus A300B4-622R (F) N686FE (msn 804) departs from Raleigh-Durham International Airport (RDU).

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