Tag Archives: FedEx Express

FedEx to ship first wave of Moderna COVID-19 vaccines across the United States

A second COVID-19 vaccine by Moderna has been approved (now two). FedEx Express has made this announcement:

FedEx Express, a subsidiary of FedEx Corporation and the world’s largest express transportation company, has announced that operations are in motion to transport Moderna’s COVID-19 vaccines for McKesson Corp. throughout the United States.

Following the Food and Drug Administration’s approval of Emergency Use Authorization for the Moderna COVID-19 vaccine, FedEx Express will begin transport of the vaccine and kits of supplies for administration of the vaccine, using its FedEx Priority Overnight® service supported by FedEx Priority Alert® advanced monitoring. After months of preparation and close planning with McKesson, Operation Warp Speed and state and local officials, the COVID-19 vaccines will begin moving to dosing centers throughout the United States. FedEx continues to work closely with its healthcare customers on plans for additional vaccine shipments and the transportation of critical vaccine-related supplies.

The FedEx network began actively delivering Pfizer-BioNTech vaccine shipments across the U.S. last week. The company is set to begin vaccine shipments throughout Canada as early as next week and is also preparing to begin delivering vaccines to other countries. FedEx is well-positioned to handle COVID-19 vaccine shipments around the world with temperature-control solutions, near real-time monitoring capabilities, and a dedicated healthcare team to support the express transportation of vaccines and bioscience shipments.

“The shipment of vaccines to help end the COVID-19 pandemic is among the most important work in the history of FedEx, and our team is focused on the safe and efficient delivery of these critical shipments,” said Raj Subramaniam, president and chief operating officer, FedEx Corp. “As we have said since the onset of the pandemic and our relief efforts, this is who we are and what we do.”

Transportation of COVID-19 vaccines is the next phase of ongoing FedEx efforts to support pandemic relief around the world. FedEx has a long history of supporting relief efforts when disasters strike, using its network and expertise to deliver for good.

“The FedEx team and network are uniquely positioned to deliver on this mission in the U.S. and around the world,” said Don Colleran, president and chief executive officer, FedEx Express. “The transportation of vaccines continues our ongoing work since the beginning of the pandemic to keep critical supply chains operating, meet the increased demands for residential delivery and deliver more than 9,600 humanitarian aid shipments around the globe.”

To help reach underserved communities with the COVID-19 vaccine, FedEx has committed $4 million in cash and in-kind transportation support to several nonprofits serving communities in the U.S. and around the world. These include Direct Relief, International Medical Corps, and Heart to Heart International.

“FedEx Express has deep relationships and decades of experience delivering for our healthcare customers,” said Richard W. Smith, regional president of the Americas and executive vice president of global support, FedEx Express. “Our service and network were built for this moment. Coupled with our investments in advanced technology, we are ready to support McKesson and Moderna in this historic effort to help end the pandemic.”

About the technology:

At FedEx, the information about the package is as important as the package itself as it moves through the network. FedEx SenseAware ID, a Bluetooth low-energy sensor device, will be affixed to vaccine shipments, helping to ensure these temperature-sensitive deliveries move swiftly and safely through the FedEx Express U.S. network with FedEx Priority Overnight service. From origin to destination, dedicated FedEx Priority Alert customer support agents are using SenseAware monitoring technology to track the location of vaccine shipments in near real-time. This technology is complemented by the FedEx Surround platform, which leverages artificial intelligence and predictive tools to proactively monitor conditions surrounding the packages, allowing customer support agents to intervene if weather or traffic delays threaten to impede delivery times.

Quick stats about the FedEx network:

  • Built over 47 years, the FedEx network consists of more than 5,000 facilities, 680 aircraft, 200,000 vehicles, and – most importantly – nearly 600,000 dedicated team members worldwide.
  • At present, FedEx Express operates nearly 32,000 flights per month, and roughly half are flown by widebody aircraft.
  • FedEx Express has more than 90 cold chain facilities across five continents with plans to open additional facilities in coming years.
  • To the extent vaccine shipments may require the use of dry ice, FedEx Express is capable of safely handling those volumes. FedEx Express transports approximately 500,000 dry ice shipments a month.

FedEx aircraft photo gallery:

FedEx aircraft slide show:

FedEx Corporation reports strong second quarter results

FedEx Corporation has reported the following consolidated results for the quarter ended November 30 (adjusted measures exclude the items listed below for the applicable fiscal year):

Fiscal 2021 Fiscal 2020
As Reported
(GAAP)
Adjusted
(non-GAAP)
As Reported
(GAAP)
Adjusted
(non-GAAP)
Revenue $20.6 billion $20.6 billion $17.3 billion $17.3 billion
Operating income $1.47 billion $1.51 billion $554 million $684 million
Operating margin 7.1% 7.4% 3.2% 3.9%
Net income $1.23 billion $1.30 billion $560 million $660 million
Diluted EPS $4.55 $4.83 $2.13 $2.51

 

This year’s and last year’s quarterly consolidated results have been adjusted for:

Impact per diluted share

 

Fiscal 2021 Fiscal 2020
Mark-to-market TNT Express
retirement plan accounting adjustment
$0.15
TNT Express integration expenses 0.13 0.19
Aircraft impairment charges  — 0.19

 

“My sincere appreciation goes out to our nearly 600,000 team members around the world who go above and beyond to keep the world moving during this ongoing pandemic and unprecedented peak season. Our strong revenue and earnings growth during the quarter is a reflection of their continued hard work and commitment to our customers,” said Frederick W. Smith, FedEx Corp. chairman and chief executive officer. “These results demonstrate the unparalleled strength of our global express network, the breadth of our e-commerce capabilities, and the dedication of our people.”

Operating results increased due to volume growth in FedEx International Priority and U.S. domestic residential package services and pricing initiatives across all transportation segments. These factors were partially offset by costs to support strong demand and to expand services, variable compensation expense, and COVID-19-related costs, including expenses incurred to ensure the safety of FedEx team members and customers as well as the costs of network contingencies, including additional personnel to support operations through the pandemic.

Net income includes a pretax non cash loss of $52 million ($41 million, net of tax, or $0.15 per diluted share) associated with amending a TNT Express European pension plan to harmonize retirement benefits. Net income also includes a tax benefit of $191 million ($0.71 per diluted share) primarily related to favorable guidance issued by the Internal Revenue Service during the quarter. Last year’s results included a tax benefit of $133 million ($0.51 per diluted share) from the recognition of certain foreign tax loss carry forwards.

Outlook

FedEx is not providing an earnings forecast for fiscal 2021. The capital spending forecast for the year remains $5.1 billion.

“The benefits of the investments across our business over the past several years are reflected in our strong second quarter results,” said Michael C. Lenz, FedEx Corp. executive vice president and chief financial officer. “While the overall environment remains uncertain, we expect earnings growth in the second half of fiscal 2021 driven by the anticipated heightened demand for our services as we continue to execute on our strategic priorities.”

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 to ship first wave of COVID-19 vaccines across the United States

FedEx Express, a subsidiary of FedEx Corp. and the world’s largest express transportation company, announced today that operations are in motion to transport its first shipments of COVID-19 vaccines.

Following the Food and Drug Administration’s approval of Emergency Use Authorization for the Pfizer-BioNTech COVID-19 vaccine, FedEx Express will begin transport of the vaccine using its FedEx Priority Overnight® service supported by FedEx Priority Alert® advanced monitoring. After months of preparation and close planning with Pfizer, other healthcare companies, and federal and state officials, the first COVID-19 vaccines will move to dosing centers in the United States. Vaccine distribution will be balanced among major cargo carriers, and FedEx is working closely with healthcare customers to prepare for additional vaccine shipments and transportation of critical vaccine-related supplies.

The FedEx network is well-positioned to handle COVID-19 vaccine shipments around the world with temperature-control solutions, near real-time monitoring capabilities and a dedicated healthcare team to support the express transportation of vaccines and bioscience shipments.

“This is among the most important work in the history of our company, and we’re honored to be a part of the effort to help end this pandemic,” said Raj Subramaniam, president and chief operating officer, FedEx Corp. “I am immensely proud of our dedicated team members who continue to go above and beyond to help ensure the safe movement of these critical COVID-19 vaccines, especially during our busiest holiday shipping season to date. This is who we are and what we do at FedEx.”

Transportation of COVID-19 vaccines is the next phase of ongoing FedEx efforts to support pandemic relief around the world. FedEx has a long history of supporting relief efforts when disasters strike, using its network and expertise to deliver for good.

“We are one of the few companies with the global network and capabilities to keep critical supply chains moving during this unprecedented time,” said Don Colleran, president and chief executive officer, FedEx Express. “Since the onset of the COVID-19 pandemic, FedEx has delivered more than 55 kilotons of personal protective equipment, including more than two billion face masks, and more than 9,600 humanitarian aid shipments around the globe.”

To help reach underserved communities with the COVID-19 vaccine, FedEx has committed $4 million in cash and in-kind transportation support to several nonprofits serving communities in the U.S. and around the world. These include Direct Relief, International Medical Corps, and Heart to Heart International.

“Time-definite express transportation of critical shipments is exactly what our FedEx Express network was built to do when it launched in 1973,” said Richard W. Smith, regional president of the Americas and executive vice president of global support, FedEx Express. “Almost five decades later, we are proving true to our founding mission by delivering critical COVID-19 vaccines.”

“This is a historic moment and represents a monumental feat for vaccine development and expedient deployment,” said Mike McDermott, president, Pfizer Global Supply. “Outstanding logistics is critical to get our products to those who need them across the country, and we’re happy to partner with FedEx in this historic effort to save lives and put an end to the COVID-19 pandemic.”

About the technology:

At FedEx, the information about the package is as important as the package itself as it moves through the network. FedEx SenseAware ID, a Bluetooth low-energy sensor device, will be affixed to vaccine shipments, helping to ensure these temperature-sensitive deliveries move swiftly and safely through the FedEx Express U.S. network with FedEx Priority Overnight service. From origin to destination, dedicated FedEx Priority Alert customer support agents are using SenseAware monitoring technology to track the location of vaccine shipments in near real-time. This technology is complemented by the FedEx Surround platform, which leverages artificial intelligence and predictive tools to proactively monitor conditions surrounding the packages, allowing customer support agents to intervene if weather or traffic delays threaten to impede delivery times.

Quick stats about the FedEx network:

  • Built over 47 years, the FedEx network consists of more than 5,000 facilities, more than 670 aircraft, more than 180,000 vehicles, and – most importantly – nearly 600,000 dedicated team members worldwide.
  • At present, FedEx Express operates nearly 32,000 flights per month, and roughly half are missions flown by wide body aircraft.
  • FedEx Express has more than 90 cold chain facilities across five continents with plans to open additional facilities in coming years.
  • To the extent vaccine shipments may require the use of dry ice, FedEx Express is capable of safely handling those volumes. FedEx Express transports approximately 500,000 dry ice shipments a month.

FedEx Express aircraft photo gallery:

FedEx Express aircraft slide show:

ATR’s first ever purpose-built regional freighter takes flight

ATR has made this announcement:

ATR, the world number one regional aircraft manufacturer, today announces the successful first flight of its new purpose-built regional freighter aircraft. The flight took off at 14:00 from its Saint-Martin site and lasted two hours. During the flight, crew onboard performed a number of tests to measure the new aircraft’s flight envelope and flight performance. The first delivery of this aircraft will be to FedEx Express, the world’s largest cargo airline and express transportation company, who placed a firm order for 30 aircraft, plus 20 options, in November 2017. The arrival of this new freighter further cements ATR’s leadership position in the regional freighter market where ATR cargo aircraft already represent a third of the in-service regional freighter fleet.

The brand new straight-from-factory cargo aircraft will offer a number of unique advantages to operators. With a Large Cargo Door included as part of the original design and the same wide cross section as all ATR aircraft, the freighter will be able to accommodate bulk cargo and industry-standard pallets and containers. The aircraft will also provide operators with the very latest avionics suite, which can be continuously upgraded. This effectively futureproofs the -600F’s state-of-the-art cockpit by allowing cargo airlines to take benefit from future innovations, which will further enhance the aircraft’s efficiency.

Above Copyright Photo: For FedEx Express. (Eurospot)

Return of Panda Express: FedEx returns Bei Bei to China

"FedEx Panda Express" (3rd) takes Bei Bei back to China

FedEx Express has brought back its special “Panda Express” markings on the pictured Boeing 777-FHT N883FD. It is third time a FDX 777 has worn the special Panda markings.

Previously N850FD wore the Panda marking on February 4, 2010 followed by N885FD on February 21, 2017.

On November 19, the freighter is pictured at Washington (Dulles) on a 16 hours, 22 minutes 9204 miles nonstop flight to CTU (Chengdu, China) returning Bei Bei, the Panda, from the National Zoo in Washington D.C. to his new home at the Bifengxia Panda Base.

"FedEx Panda Express" (3rd) takes Bei Bei back to China

FedEx Express made this announcement:

Bei Bei (BAY-BAY), the 4-year-old giant panda, began his journey to China this morning. FedEx Corp. is providing safe transport for this precious cargo as he is returned home to aid the world’s conservation efforts for this endangered species. Bei Bei departed the Smithsonian’s National Zoo at 9:30 a.m. for Dulles International Airport in northern Virginia where he will board a dedicated FedEx 777F plane bound for Chengdu, China. The non-stop flight will take about 16 hours.

On the morning of the departure, the Zoo’s panda team arrived at 6:30 a.m. to finalize preparations for Bei Bei’s departure. Bei Bei received his last “American breakfast” of bamboo and leafeater biscuits and spent time in his outdoor habitat. Already acclimated from daily training, Bei Bei was called back indoors by assistant curator of giant pandas, Laurie Thompson, and then into the custom travel crate at approximately 8:15 a.m. Zoo staff moved the crate onto a specially decorated forklift that traveled carefully out of the David M. Rubenstein Family Giant Panda Habitat through the Zoo and was loaded on a FedEx truck.

The “FedEx Panda Express,” a custom-decaled 777F aircraft, departed at noon on November 19 from Dulles International Airport. The dedicated flight is part of the company’s FedEx Cares “Delivering for Good” initiative. FedEx uses its global network and logistics expertise to help organizations with mission-critical needs in times of disaster and for special shipments.  “FedEx is honored to be entrusted with Bei Bei’s journey to his new home in China,” said Richard W. Smith, executive vice president of Global Support, regional president of the U.S., FedEx Express. “Our team of skilled logistics experts, pilots and drivers take great pride in using their expertise to help support efforts to preserve this beloved, rare animal.”

The specialized travel crate built for FedEx is made of steel and plexiglass and weighs approximately 800 pounds. Laurie Thompson, who has cared for Bei Bei since his birth, and Don Neiffer, chief veterinarian at the Zoo, will make the 8,508-mile trip with him. They will continuously monitor Bei Bei during the trip and are traveling with a supply of his favorite treats, including 66 pounds of bamboo, 2 pounds of apples and pears, two bags of leafeater biscuits, 2 pounds of cooked sweet potatoes and water.

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

Upon arrival in Chengdu, Bei Bei’s new keepers from the China Conservation and Research Center for the Giant Panda will meet him on the tarmac and drive him to Bifenxia Panda Base where he will stay in quarantine for approximately 30 days. The American team will follow, and Thompson will remain with Bei Bei for a few days while he acclimates to his new home. Bei Bei will enter the giant panda breeding program when he reaches sexual maturity between 6 and 7 years old.

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. FedEx supports the movement of rescued or endangered animals across the country and around the world as part of its commitment to sustainability. FedEx also donated dedicated aircrafts to bring Bei Bei’s older brother Tai Shan to China in 2010, older sister Bao Bao to China in 2017 and their parents, Mei Xiang and Tian Tian, to the United States in 2000.

Top Two Copyright Photos: FedEx Express Boeing 777-FHT N883FD (msn 39285) (FedEx Panda Express) IAD (Brian McDonough). Image: 948339.

FedEx Express aircraft slide show:

 

FedEx Express to retire its McDonnell Douglas MD-10 fleet

Remaining MD-10-30Fs to be retired in FY 2022

FedEx Express is gradually retiring its McDonnell Douglas MD-10 (modernized DC-10) fleet with the arrival of new Boeing 767-300 freighters.

The current MD-10-10F fleet is down to 17 aircraft. 9 are expected to be retired in the current fiscal year. By the end of 2021 fiscal year, the remaining aircraft will be retired.

The current MD-10-30F fleet is down to 12 aircraft. The MD-10-30Fs will be retired by its 2022 fiscal year.

In addition, the company is also planning the retirement of its remaining three Airbus A310-300s.

Top Copyright Photo: FedEx Express McDonnell Douglas MD-10-30F (DC-10-30F) N321FE (msn 47836) LAS (Ken Petersen). Image: 924950.

Fedex Express aircraft photo gallery:

FedEx sues the U.S. Department of Commerce

FedEx Express McDonnell Douglas MD-11 (F) N576FE (msn 48501) LAX (Michael B. Ing). Image: 946777.

FedEx has issued this statement:

FedEx Corporation has announced that it has filed suit in U.S. District Court in the District of Columbia seeking to enjoin the U.S. Department of Commerce from enforcing prohibitions contained in the Export Administration Regulations (“EAR”) against FedEx. FedEx believes that the EAR violate common carriers’ rights to due process under the Fifth Amendment of the U.S. Constitution as they unreasonably hold common carriers strictly liable for shipments that may violate the EAR without requiring evidence that the carriers had knowledge of any violations. This puts an impossible burden on a common carrier such as FedEx to know the origin and technological make-up of contents of all the shipments it handles and whether they comply with the EAR.

As a company that is committed to complying with all laws and regulations in the countries we serve, FedEx strongly supports the objectives of U.S. export control laws. We have invested heavily in our internal export control compliance program. However, we believe that the EAR, as currently constructed and implemented, place an unreasonable burden on FedEx to police the millions of shipments that transit our network every day. FedEx is a transportation company, not a law enforcement agency.

FedEx will continue to defend our rights as a U.S. based global company, and we remain committed to delivering outstanding service to our customers in all countries around the world.

Top Copyright Photo (all others by the airline): FedEx Express McDonnell Douglas MD-11 (F) N576FE (msn 48501) LAX (Michael B. Ing). Image: 946777.

FedEx aircraft slide show:

 

Photo of the Day: The first Boeing 737-800BCF for West Atlantic in FedEx Express livery

Boeing has released this photo:

Exciting to see the 737-800 Boeing Converted Freighter opening new doors for operators, particularly express cargo carriers. Operated by GECAS leasing customer West Atlantic, this 737-800 — the first BCF in FedEx Express livery — is preparing for its maiden revenue flight.

FedEx Express orders 12 Boeing 767-300Fs and 12 777F freighters

FedEx Express Boeing 777-FS2 N892FD (msn 38707) NRT (Michael B. Ing). Image: 942466.

Boeing and FedEx Express today announced a new order for 12 Boeing 767-300 Freighters and 12 777F Freighters as the world’s largest air cargo carrier continues to invest in the industry’s most capable freighters to better serve its customers.

Image: Boeing.

The new airplanes, valued at $6.6 billion at list prices, will appear on Boeing’s Orders and Deliveries webpage once contingencies have been met.

This order comes as the air cargo industry continues to gather strength. A year after demand grew by nearly 10 percent, global air freight is on track to increase by another four to five percent in 2018.

Air cargo carriers are adding capacity to keep up with demand, either by converting passenger airplanes into freighters or ordering new production cargo jets. With the latest order from FedEx Express, Boeing has sold more than 50 widebody freighters so far in 2018.

FedEx Express and Boeing have a long-standing partnership. The express carrier is a major operator of the Boeing 757 Freighter and the largest operator of the 767 Freighter and 777 Freighter. FedEx is also a customer of Boeing’s Global Services business.

The 767 Freighter, based on the 767-300ER (extended range) passenger jet, can carry approximately 58 tons (52.7 tonnes) of revenue cargo with intercontinental range, making it a flexible platform for serving long-haul, regional or feeder markets.

The 777 Freighter is the world’s longest range twin-engine freighter. The jet can fly 4,900 nautical miles (9,070 kilometers) with a payload of 112 tons (102 metric tonnes or 102,000 kg). With the 777 Freighter, FedEx has been able to connect Asia with its hub in Memphis, Tenn. non-stop and reduce transit times by up to three hours. This has enabled FedEx to accept packages later in the day and still deliver them on time.

The 777 Freighter also uses 18 percent less fuel compared to the airplanes it replaces, and provides quieter takeoffs and landings that meet airport noise standards.

Copyright Photo: FedEx Express Boeing 777-FS2 N892FD (msn 38707) NRT (Michael B. Ing). Image: 942466.

FedEx Express aircraft slide show: