Category Archives: FedEx Express

Boeing celebrates two years of 777 freighter operations

Boeing (Chicago, Seattle, Wichita and Charleston) is celebrating the second anniversary of the Boeing 777 freighter in service.

The growing fleet of 777 freighters has flown approximately 120,000 hours and boasts a daily utilization rate of 11.34 hours. Fleet schedule reliability is at 99.37 percent, which means the freighter has a near-perfect record of on-time takeoff and landings. Eighty-three have been ordered, and 39 freighters now are in service with nine airlines.

FedEx Express is the largest 777 freighter operator with a fleet of 11 currently in operation, and another airplane just delivered. An additional 13 777 freighters remain in Boeing’s backlog for FedEx.

Copyright Photo: Nick Dean. Please click on the photo for additional information.

FedEx Corporation reports a 3Q net profit of $283 million

FedEx Corporation (Memphis) reported earnings of $0.89 per diluted share for the second quarter ended November 30. Excluding certain charges described below, second quarter earnings were $1.16 per diluted share, compared to $1.10 per diluted share a year ago.

Reported results for the current quarter include costs related to the previously announced combination of the companyโ€™s FedEx Freight and FedEx National LTL operations and a reserve associated with a legal matter at FedEx Express, which together negatively impacted earnings by a net $0.27 per diluted share. Last yearโ€™s second quarter results included a benefit from plan design changes to a self-insurance program at FedEx Express, which increased earnings by a net $0.05 per diluted share.

The corporation reported net income of $283 million, down 18% from $345 million a year ago.

Copyright Photo: Brian McDonough. Please click on photo for additional information.

FedEx opens a new Cologne/Bonn cargo hub

FedEx Express,ย a subsidiary of the FedEx Corporation (Memphis)ย joined with Cologne-Bonn Airport in Germany today (October 27) to inaugurate the new FedEx Central and Eastern Europe hub.

The Cologne hub is the second FedEx Express hub to be solar-powered and the fifth solar facility in operation within FedEx Corporation.

The hub in Cologne is one of the most modern FedEx hubs in the world. Its fully-automated sorting system can process up to 18,000 packages and documents per hour. The roof features the largest FedEx Express solar power installation worldwide and represents one of the largest rooftop solar installations in North Rhine-Westphalia, with an area of 16,000 square meters, producing about 800,000 kilowatt hours per year.

 

FedEx orders two more Boeing 777F freighters

FedEx Express (Memphis) has ordered two more Boeing 777F freighters.

Copyright Photo: Nick Dean. Departing in the early morning misty light at Everett (Paine Field) is new Boeing 777-FS2 N851FD (msn 37722).

FedEx Corporation reports higher fourth quarter and full year earnings

FedEx Corporation (Memphis) reported fourth quarter net income of $419 million, up from last yearโ€™s net loss of $876 million.

For the fiscal full year, net income of $1.18 billion was reported, up from last yearโ€™s $98 million.

Copyright Photo: Brian McDonough. McDonnell Douglas MD-11 (F) N586FE (msn 48487) is seen at the Anchorage hub.

FedEx exceeds expectations in 3Q, net income up 146% to $239 million

Please click on the AG icon for a direct link to the FedEx photo gallery.

FedEx Corporation (Memphis) today reported the following consolidated results for the third quarter exceeding expectations:

  • Revenue of $8.70 billion, up 7% from $8.14 billion a year ago
  • Operating income of $416 million, up 129% from $182 million last year
  • Operating margin of 4.8%, up from 2.2% the previous year
  • Net income of $239 million, up 146% from last yearโ€™s $97 million

Read the full report:

finance.yahoo.com/news/FedEx-Corp-Third-Quarter-Net-bw-3484552874.html?x=0&.v=1

Close-up of FedEx Panda Express special sticker

Copyright Photo: Brian McDonough.

FedEx Panda Express departs Washington Dulles at 1205 today bound for Chengdu

Copyright Photo: Brian McDonough.

Air France to sell two new Boeing 777F freighters to FedEx Express

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Air France (Paris) has signed a letter of intent to sell two new Boeing 777F freighters to FedEx Corporation (Memphis), a spokesman for Air France told Dow Jones Newswires. The new 777Fsย have not yet been delivered to AF and the sale will not affect the current 777F fleet.

Full report:

www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201001290841dowjonesdjonline000267&title=air-france-to-sell-2-new-777-boeing-cargo-aircraft-to-fedex

Coming Soon: A new FedEx 777F “Panda Express”

Please click on the AG icon for a direct link to the FedEx photo gallery.

FedEx Express (Memphis)ย is donating its logistical services to transport two giant pandas from the United States to China on February 4, 2010. Working in conjunction with the Smithsonianโ€™s National Zoo in Washington, D.C. and Zoo Atlanta, FedEx Express will fly the pandas non-stop from Washingtonโ€™s Dulles International Airport to Chengdu, China.

Tai Shan, a 4-and-a-half-year-old male panda born at the National Zoo, and Mei Lan, a 3-year-old female panda born at Zoo Atlanta, will travel onboard a custom-decaled FedEx Express 777 Freighter (777F) โ€“ known as the โ€œFedEx Panda Express.โ€

FedEx Express will fly Mei Lan from Atlanta to Washington, D.C., where she will join Tai Shan in preparation for the trans-Atlantic flight. Onboard the 777F aircraft โ€“ which is solely dedicated to the pandasโ€™ journey โ€“ Tai Shan and Mei Lan will travel in two custom-built transport containers provided by FedEx Express. The pandas will depart Washington, D.C. late morning on February 4 and arrive in Chengdu late afternoon on February 5, approximately 14 ยฝ hours between take-off and landing.

Boeing 777-FS2 N850FD (msn 37721) has been selected as the aircraft to wear the special “Panda Express” markings.