Tag Archives: FedEx Express

FedEx is forecasting another record holiday season with an 8.8% increase and December 15 as the busiest day

FedEx Corporation (FedEx Express) (Memphis) is forecasting another record holiday. The company expects to move more than 290 million shipments between Black Friday and Christmas Eve, an 8.8 percent increase in overall year-over-year Peak seasonal volume.

The season is expected to be bolstered by three volume spikes throughout December, occurring the first three Mondays of the month and each expected to surpass 20 million in volume.

December 15 is projected to be the busiest day in company history, with a forecasted 22.6 million shipments moving around the world. Peak projections are included in FedEx earnings guidance for FY15.

Copyright Photo: Ken Petersen/AirlinersGallery.com. An upgraded McDonnell Douglas MD-10-30F (DC-10-30F) registered as N321FE (msn 47836) arrives in Las Vegas.

FedEx Express Aircraft Slide Show:ย AG Slide Show

 

FedEx pilots to conduct informational picketing today

FedEx Express‘ (Memphis) 4,200 pilots, represented by the Air Line Pilots Association, Intโ€™l (ALPA), will conduct informational picketing on Tuesday, September 23, in three cities to show, according to the union, “their continuing frustration with ongoing contract negotiations and their resolute support of their Negotiating Committee.”

Informational picketing will take place on Tuesday, September 23, at the following locations and times (all times are local):

Anchorage
Outside FedEx sorting facility at Ted Stevens
Anchorage Intโ€™l Airport, corner of Postmark
Drive and Rockwell Avenue
11:00 a.m. to 11:45 a.m.

Los Angeles
Maguire Gardens (South Flower Street and
West 5th Street)
11:00 a.m. to 11:45 a.m.

Memphis
Outside FedEx Air Operations Center (3131
Democrat Road)
Noon to 12:30 p.m.

According to the union, “FedEx Express and its pilot group came to a historic collective bargaining agreement in 2011. What made this agreement historic was the commitment to continue bargaining so as to foster a more efficient negotiating climate when formal negotiations commenced in 2013 despite having achieved a contract. โ€œThere was a real opportunity to fix some difficult problems with well-developed long-term solutions and without the pressure that comes with traditional bargaining. Unfortunately, management chose a different route,โ€ said Captain Scott Stratton, chairman of the ALPA FedEx Master Executive Council. โ€œWe should have had a new contract by now, but instead we have spent too much time mired in a โ€˜traditionalโ€™ bargaining situation that does not promote good labor-management relations. In spite of managementโ€™s actions, the pilots remain committed to achieving a responsible negotiated agreement that recognizes our contributions to FedExโ€™s remarkable profitability.โ€

Copyright Photo: Ken Petersen/AirlinersGallery.com.ย McDonnell Douglas MD-10-10F (DC-10-10F) N554FE (msn 46708) lands at Raleigh/Durham.

FedEx Express:ย AG Slide Show

FedEx Corporation’s earnings surge in the first quarter to $606 million

FedEx Corporation (FedEx Express) (Memphis) reported its earnings for its fiscal first quarter surged by 24 percent to net income of $606 million. The corporation issued this financial report:

FedEx Corporation today reported earnings of $2.10 per diluted share for the first quarter ended August 31, up 37% from last yearโ€™s $1.53 per share.

First Quarter Results

FedEx Corp. reported the following consolidated results for the first quarter:

โ€ข Revenue of $11.7 billion, up 6% from $11.0 billion the previous year

โ€ข Operating income of $987 million, up 24% from $795 million last year

โ€ข Operating margin of 8.5%, up from 7.2% the previous year

โ€ข Net income of $606 million, up 24% from last yearโ€™s $489 million

Operating income increased primarily due to higher volumes and increased yields at all three transportation segments. Results in the first quarter also include benefits from lower pension expense and the companyโ€™s profit improvement programs. These benefits were partially offset by higher aircraft maintenance expense due to the timing of certain engine maintenance events.

During the quarter, the company acquired 5.3 million shares of FedEx common stock. As of August 31, 2014, no shares remained under the existing share repurchase authorizations. Share repurchases benefited earnings in the quarter by $0.15 per diluted share.

Outlook

FedEx reaffirmed its fiscal 2015 earnings forecast of $8.50 to $9.00 per diluted share. The outlook assumes no net year-over-year fuel impact and continued moderate economic growth. The capital spending forecast for fiscal 2015 remains $4.2 billion.

โ€œFedEx reported strong first quarter results, as all three of our transportation segments drove higher revenues and improved profitability year over year,โ€ said Alan B. Graf, Jr., FedEx Corp. executive vice president and chief financial officer. โ€œOur profit improvement programs are progressing as planned and we continue to expect strong earnings growth this year.โ€

2015 Rate Increases

As previously announced, FedEx Express, FedEx Ground and FedEx Freight will increase shipping rates effective January 5, 2015.

FedEx Express will increase shipping rates by an average of 4.9% for U.S. domestic, U.S. export and U.S. import services.

FedEx Ground and FedEx Home Delivery will increase shipping rates by an average of 4.9%. In addition, as announced in May, FedEx Ground will also begin applying dimensional weight pricing to all shipments.

FedEx Freight will increase shipping rates by an average of 4.9%. This rate change applies to eligible FedEx Freight shipments within the U.S. (including Alaska, Hawaii, Puerto Rico and the U.S. Virgin Islands), between the contiguous U.S. and Canada, within Canada, between the contiguous U.S. and Mexico, and within Mexico.

Details of all changes to rates and surcharges are available at fedex.com/us/2015rates.

Corporate Headquarters Costs

Effective this fiscal year, the company ceased allocating to its transportation segments the costs associated with the corporate headquarters division. These costs are now included in โ€œCorporate, eliminations and other.โ€ Prior year amounts in this release have been revised to conform to the current presentation.

FedEx Express Segment

For the first quarter, the FedEx Express segment reported:

โ€ข Revenue of $6.86 billion, up 4% from last yearโ€™s $6.61 billion

โ€ข Operating income of $369 million, up 35% from $273 million a year ago

โ€ข Operating margin of 5.4%, up from 4.1% the previous year

Revenue increased due to higher U.S. domestic package volume and international export package yields partially offset by lower freight revenue. U.S. domestic package volume grew 5%, as 8% growth in overnight and deferred box volume was partially offset by lower envelope volume. U.S. domestic yield increased 1% from higher fuel surcharges, changes in service mix and increased rates. FedEx International Priorityยฎ volume grew 1%, while FedEx International Economyยฎ volume increased 3%. International export revenue per package increased 3% due to fuel surcharges, higher rates and weight per package.

Operating income and margin improved as higher U.S. domestic package volume, improved international export yield and benefits from profit improvement programs more than offset higher aircraft maintenance expense and lower freight revenues.

Copyright Photo: Steve Bailey/AirlinersGallery.com. Boeing 777-FHT N883FD (msn 39285) of FedEx Express climbs away from the runway at Anchorage Ted Stevens International Airport (ANC).

FedEx Express:ย AG Slide Show

FedEx Corporation reports fiscal year net income of $1.56 billion

FedEx Corporation (FedEx Express) (Memphis) reported earnings of $2.46 per diluted share for the fourth quarter ended May 31. Last yearโ€™s fourth quarter earnings were $2.13 per diluted share, excluding a $0.98 per diluted share business realignment program charge and a $0.20 per diluted share noncash aircraft impairment charge at FedEx Express. Including last yearโ€™s charges, earnings were $0.95 per diluted share.

โ€œAn outstanding fourth quarter helped FedEx post solid results for fiscal 2014, and we believe we are well positioned for a strong fiscal 2015,โ€ said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer. โ€œI would like to extend my sincere appreciation to the entire FedEx team for their contribution to our results and their continued commitment to providing outstanding service to our customers and connecting people and possibilities around the world.โ€

For its entire fiscal year the cooperation reported net income (GAAP) ofย $1.56 billion.

Read the full report: CLICK HERE

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 777-FS2 N857FD (msn 37728) climbs into the sky at Anchorage International Airport (ANC).

FedEx Express:ย AG Slide Show

FedEx misses second quarter Wall Street estimates but still reports net income of $500 million, up 14%

FedEx Corporation (FedEx Express) (Memphis) today reported earnings of $1.57 per diluted share for the second quarter ended November 30, compared to $1.39 per share last year. Last yearโ€™s second quarter results were impacted by $0.11 per diluted share due to the effects of Superstorm Sandy.

โ€œFedEx posted solid second-quarter earnings, reflecting improved performance at FedEx Express, as the profit improvement plan introduced more than a year ago continues to gain momentum,โ€ said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer. โ€œThe power of our broad global portfolio continues to drive our growth and I am confident we are well on our way to achieving the ambitious goals we have set.โ€

Second Quarter Results

FedEx Corp. reported the following consolidated results for the second quarter:

โ€ข Revenue of $11.4 billion, up 3% from $11.1 billion the previous year

โ€ข Operating income of $827 million, up 15% from $718 million last year

โ€ข Operating margin of 7.3%, up from 6.5% the previous year

โ€ข Net income of $500 million, up 14% from last yearโ€™s $438 million

Operating income and margin increased primarily due to yield and cost management at FedEx Express. Results also benefited from the favorable comparison to last yearโ€™s Sandy-impacted results, lower pension expense and a modest benefit from the voluntary employee severance program.

In October, FedEx Corporation announced the authorization of a new share repurchase program of up to 32 million shares of common stock, which augmented the 7.4 million shares then remaining under the previously authorized repurchase program. During the second quarter, the company repurchased 7.2 million shares of FedEx common stock, increasing the fiscal 2014 year-to-date purchase total to 10.0 million shares. The second quarter share repurchases had no effect on the quarterโ€™s earnings per share, but are expected to improve full year earnings by $0.04 per share.

Outlook

FedEx is increasing its forecast of full-year earnings per share growth to 8% to 14% above last yearโ€™s adjusted results, compared to its previous growth range of 7% to 13%. This outlook reflects share repurchases made to date but does not include any benefit from additional share repurchases. Share repurchases are expected to continue, but the timing will be at the companyโ€™s discretion. The outlook also assumes the market outlook for fuel prices and continued moderate economic growth. The capital spending forecast for fiscal 2014 remains $4 billion.

โ€œWe remain on track to deliver a solid increase in earnings this fiscal year,โ€ said Alan B. Graf, Jr., FedEx Corp. executive vice president and chief financial officer. โ€œFedEx Express reported significant year-over-year improvement in earnings during the quarter, aided by continued execution of our profit improvement programs and by ongoing cost reduction initiatives. We continue to look for additional ways to improve efficiencies and remain committed to increasing long-term shareowner value.โ€

FedEx Express Segment

For the second quarter, the FedEx Express segment reported:

โ€ข Revenue of $6.84 billion, down slightly from last yearโ€™s $6.86 billion

โ€ข Operating income of $326 million, up 42% from $230 million a year ago

โ€ข Operating margin of 4.8%, up from 3.4% the previous year

Revenue decreased slightly due to lower express freight revenue and lower fuel surcharges, mostly offset by increased base package yields. U.S. domestic revenue per package increased 2%, as higher rates and weight per package were partially offset by lower fuel surcharges. U.S. domestic average daily package volume decreased slightly.

FedEx International Priorityยฎย (IP) revenue per package increased 3% while average daily volume declined 5%. Within the IP category, average daily volume for the lower-yielding distribution services declined while IP average daily volume, excluding these distribution services, increased 1%. FedEx International Economyยฎย average daily volume grew 10%.

Operating income and margin improved year over year due to higher base package yields, lower pension expense, and lower net expenses from ongoing cost reduction activities.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. A beautiful takeoff portrait of FedEx Express’ Boeing 777-FS2 N852FD (msn 37723) after a stop at Anchorage, Alaska (click on the photo for the full-size view).

FedEx Express:ย AG Slide Show

Video: How FedEx turns a Boeing 757 freighter in 55 minutes:

Video: FedEx has great TV advertisements that have won several marketing awards. Here is the latest for Christmas 2013:

 

FedEx gets ready to put its first Boeing 767-300 freighter into revenue service

FedEx Express (Memphis), an operating company of FedEx Corporation (Memphis), yesterday introduced its new Boeing 767-300 cargo jet scheduled to begin service this fall. The aircraft is the first of several new 767-300 freighters being added to the FedEx fleet, and represents a major step in the companyโ€™s strategically important aircraft fleet modernization program. The 767-300 joins 777s and 757s in the companyโ€™s growing fleet of more efficient, lower-emission freighters.

The aircraft was center stage at an event attended by FedEx team members and special guests at the companyโ€™s World Hub in Memphis.

The initial 767 was delivered to FedEx from Boeing last month and is undergoing the certification process required to begin service. It is among 50 767s FedEx has ordered, which are scheduled to be delivered through the end of the companyโ€™s fiscal year 2019.

With a maximum gross payload capacity of 127,100 pounds, the medium wide-body 767 Freighter has a flight range of 2,922 nautical miles (3,362 statute miles).

The 767 brings FedEx an array of double-digit efficiencies. The freighter is approximately 30 percent more fuel efficient and has unit operating costs that are more than 20 percent lower than the MD10 aircraft it will replace. The ability to share parts, tooling and flight simulators with FedEx 757 freighters is another efficiency of the 767.

Across its aircraft fleet, FedEx projects a 30 percent reduction in its unit carbon emissions by the year 2020. In addition, the company has reaffirmed its commitment to sourcing at least 30 percent of its jet fuel from alternative fuels by the year 2030.

With the 767 freighter, FedEx is also introducing a new โ€œefficient containerโ€ or Unit Load Device used to hold individual packages on the aircraft. Theย FedEx Efficient Containerย is lighter and its construction includes more recycled materials.

Under its aircraft fleet modernization program, FedEx began upgrading its fleet in 2007 with the addition of 757 freighters to replace 727s. Theย final 727 in the FedEx fleetย was retired in June.

In 2009, the company introduced the 777, the worldโ€™s largest twin-engine cargo freighter with a non-stop flight range of 5,800 nautical miles (6,675 statute miles) and a cargo capacity of 178,000 pounds in typical FedEx service.

Copyright Photo: Duncan Kirk/AirlinersGallery.com.ย Boeing 767-3S2F ER N101FE (msn 42706) taxies at Paine Field near Everett. N101FE was delivered to FedEx on September 4, 2013.

FedEx:ย AG Slide Show

FedEx Corporation reports net income of $489 million in the fiscal 1Q, up 7%

FedEx Corporation (FedEx Express) (Memphis)ย reported earnings of $1.53 per diluted share for the first quarter ended August 31, compared to $1.45 per share last year.

โ€œGrowth in overall demand for our broad global portfolio of solutions drove our improved first quarter results,โ€ said Frederick W. Smith, FedEx Corp. chairman, president and chief executive officer. โ€œFedEx Express remains focused on reducing costs while facing challenging global economic conditions. Meanwhile, FedEx Ground continues to generate strong profitability on growing customer demand for its services.โ€

First Quarter Results

FedEx Corp. reported the following consolidated results for the first quarter:

โ€ข Revenue of $11.0 billion, up 2% from $10.8 billion the previous year

โ€ข Operating income of $795 million, up 7% from $742 million last year

โ€ข Operating margin of 7.2%, up from 6.9% the previous year

โ€ข Net income of $489 million, up 7% from last yearโ€™s $459 million

Revenue and earnings increased during the quarter, driven by solid performance at each of the companyโ€™s transportation segments. Results include significant headwinds from the net year-over-year impact from the timing lag that exists between when fuel prices change and indexed fuel surcharges automatically adjust, as well as one fewer operating day.

Outlook

FedEx reaffirmed its forecast of full-year earnings per share growth of 7% to 13% from last yearโ€™s adjusted results. This outlook assumes the market outlook for fuel prices, U.S. GDP growth of 2.1% and world GDP growth of 2.6%. The capital spending forecast for fiscal 2014 remains $4 billion.

โ€œWe remain confident in our full year earnings outlook despite tepid global economic growth,โ€ said Alan B. Graf, Jr., FedEx Corp. executive vice president and chief financial officer. โ€œFedEx Express continued to execute on its profit improvement initiatives during our first quarter. We remain focused and are committed to FedEx Express achieving its $1.6 billion operating profit improvement target by the end of fiscal 2016.โ€

2014 Rate Increases

FedEx Express will increase shipping rates by an average of 3.9% for U.S. domestic, U.S. export and U.S. import services effective January 6, 2014. The FedEx Ground and FedEx SmartPost pricing changes for 2014 will be announced later this year. FedEx Freight implemented a 4.5% general rate increase on July 1, 2013.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 777-FS2 N852FD (msn 37723) approaches Anchorage International Airport for landing.

FedEx Express:ย AG Slide Show

FedEx Express takes delivery of its first Boeing 767-300F freighter

Boeing (Chicago) and FedEx Express (Memphis), an operating company of FedEx Corp. (Memphis), yesterday (September 4) celebrated the delivery of the company’s first 767-300 freighter. The delivery supports the FedEx strategy to modernize its fleet with more efficient freighters.

The 767 Freighter is an ideal upgrade for the fleet serving the FedEx Express domestic network, providing improved fuel, maintenance and cost savings over the MD-10 freighters it will replace.ย  FedEx Express gains additional efficiency through the ability to share parts, tooling and flight simulators between the 767 and the more than 70 757 freighters already in its fleet.

The 767 freighter is based on the popular 767-300 ER (extended range) passenger airplane. Able to carry approximately 58 tons (52.7 tons) of revenue cargo with intercontinental range, the 767 Freighter is ideal for developing new long-haul, regional or feeder markets.

The airplane joins other Boeing freighters in the FedEx fleet such as the MD-10, MD-11, 757 and the 777.

Copyright Photo: Nick Dean/AirlinersGallery.com. Boeing 767-3S2F N101FE (msn 42706) is pictured at Paine Field near Everett, WA on a test flight prior to the official hand over.

FedEx Express:ย AG Slide Show

FedEx Pilotsโ€™ Union: Report on UPS Boeing 747 crash highlights the need for new regulations on the carriage of Lithium Batteries

The FedEx Express Pilots Union (FedEx Express) (Memphis) has issued this statement reference the release of the Accident Report on the UPS Airlines (Atlanta and Louisville) Boeing 747-400F freighter crash at Dubai (please see our previous report). At the heart of the issue, are lithium batteries safe on any airplane?:

On September 3, 2010, our industry lost two fellow aviators when UPS Flight 6 crashed near Dubai, United Arab Emirates (UAE). The UAE General Civil Aviation Authority (GCAA) released its final report concerning the investigation into this fatal crash. The GCAA, while not pinpointing the origin of the fateful blaze, determined that the ensuing fire was promulgated by lithium batteries and found that smoke-detection equipment took too long to alert the crew.

The report provides recommendations specific to air cargo fire safety. The FedEx Master Executive Council (MEC) joins Air Line Pilots Association (ALPA), Int’l in praising the GCAA for its thorough report. The report makes unmistakably clear the dangers of carrying large quantities of lithium batteries. โ€œAs cargo pilots, we are fully aware of the potential dangers associated with the carriage of lithium batteries,โ€ said MEC chairman Captain Scott Stratton. โ€œThese pilotsโ€™ lives were tragically cut short as they valiantly tried to bring their crippled aircraft back to the ground. Through their actions, they were able to prevent a much larger disaster from occurring. We owe it to them as well as to all of those who fly this nationโ€™s commerce every day, to ensure that regulatory directives are harmonized across the globe and robust enough to preclude future events such as this.โ€

The GCAA recommended that the Federal Aviation Administration (FAA) and its European counterpart develop better firefighting standards and equipment for cargo planes, with visual warnings about where a fire is located. The FedEx MEC strongly believes that the United States must take a leadership role in protecting aircraft against the possibility of catastrophic fires caused by lithium batteries. The improvement in regulations covering the transportation of large quantities of lithium batteries must proceed immediately in order to begin to eliminate this deadly hazard. โ€œNow is the time for the U.S. government to act to ensure the safety of our skies,โ€ said FedEx Legislative Affairs chairman Captain Fred Eissler. โ€œWe will continue to work with our government leaders, dangerous goods regulatory authorities, and our fellow airline pilots to address the safety issues and concerns found in the GCAA report.โ€

โ€œThe FedEx pilots are committed to working with industry and government leaders to minimize the risks associated with the carriage of dangerous goods,โ€ continued Captain Stratton. โ€œThe GCAAโ€™s report adds to the building body of evidence that clearly shows much more effort is needed to facilitate negating the risks associated with the carriage of lithium batteries.โ€

Copyright Photo: Duncan Kirk/AirlinersGallery.com. The first Boeing 767-300F for FedEx Express is being prepared for its first flight at Paine Field near Everett, WA. 767-3S2F N101FE (msn 42706) taxied to the runway yesterday afternoon.

FedEx Express:ย AG Slide Show

The End of an Era: FedEx Express retires the last Boeing 727 today after 35 years

FedEx Express (Memphis) has replaced and will retire the last Boeing 727 (N481FE) at Memphis today.

The company has just issued this statement:

For 35 years,ย Boeing 727 aircraftย were a reliable workhorse for the worldโ€™s largest expressย transportation company. Today, the venerable 727 narrow-body freighter closes an enduring chapter in aviation history as FedEx becomes the last major carrier to retire the aircraft from service. The retirement is part of the companyโ€™s aircraft modernization strategy.

The 727โ€™s domestic mission will conclude at 1:30 p.m. CDT as FedEx aircraft N481FE touches down at the FedEx Express World Hub atย Memphis International Airport. Greeting its arrival will be more than 1,000 company executives, air operations team members and other guests who will mark the airplaneโ€™s historic last flight with a special ceremony.

A departure ceremony at the FedEx hub in Indianapolis, which has served as the companyโ€™s primary base for 727 general maintenance checks, begins the historic farewell flight.

ย โ€œFor more than three decades, our Boeing 727 fleet was instrumental in our companyโ€™s domestic growth,โ€ saidย David J. Bronczek, president and chief executive officer, FedEx Express. โ€œToday, we are opening a new chapter for company growth and opportunity as we continue to modernize our global fleet with more technologically advanced, fuel efficient, lower emission cargo jets.โ€

History of the 727 at FedEx

Introduction of this larger, mid-size jet freighter to the FedEx fleet was made possible by deregulation of the airline industry in 1977, giving the upstart express carrier access to more domestic markets and bringing immediate operational efficiencies because of greater payload capabilities. FedEx operated only small Dassault Falcons before the industry was deregulated. An exemption then allowed a company to enter the common carrier business if its payloads were less than 7,500 pounds.

It was January 14, 1978 when then-Federal Express took delivery in Memphis of its first 727 aircraft, which was purchased from Eastern Airlines. On that day,ย Frederick W. Smith, chairman, president and chief executive officer,ย FedEx Corporation, told several hundred employees and guests at the delivery event, โ€œMany people look at this airplane and believe thatย Federal Expressย has arrived at the end of a long road. This is not the end of anything. It is simply the beginning.โ€

Early FedEx acquisitions of used 727s from other carriers were followed by new aircraft purchases fromย Boeing, with the last 727 leaving the manufacturerโ€™s assembly line and being delivered to FedEx in 1984. The express carrier at one point was the worldโ€™s largest operator of 727s, with 170 of the aircraft in its fleet at any one time.

Modernization of the FedEx Fleet

FedEx began retiring its 727-200 fleet in 2007 and replacing them with more modern Boeing 757 airplanes. The retirement cycle accelerated under theย fleet modernizationย program that through the last several years included more 757 freighters, as well as new Boeing 777 long-range freighters, which are the biggest in the FedEx fleet and the worldโ€™s largest twin-engine cargo aircraft. This fall, FedEx begins taking delivery of new Boeing 767 aircraft to replace its aging MD-10 freighters.

As with the other aircraft types being introduced, the 767s will provide significantly improved reliability and are substantially more fuel-efficient and environmentally friendly than the aircraft they will replace. FedEx is committed to reducing its aircraft carbon emissions 30 percent by the year 2020 under its fleet modernization program. It expects to source at least 30 percent of its jet fuel from alternative fuels by the year 2030.

โ€œAs we celebrate our companyโ€™s 40thย anniversary, we can look back at an aircraft bloodline that has been impressive,โ€ Bronczek said. โ€œFrom the small Falcons, which served us well when the company was young, to our 727s, to what is now the largest fleet of express cargo aircraft in the world, our transportation capabilities for global customers is unmatched in the industry. Equally impressive are the innovation, technology and environmental benefits of the new aircraft we are adding.โ€

Continuation of Service

Not only are FedEx 727s being retired, but nearly half of the fleet has been donated coast-to-coast to aviation schools, colleges and local communities in the last several years.

From Anchorage to Austin, from Billings to Buffalo, from Sioux City to Shreveport and many points between, FedEx aircraft donations support school curriculums that are developing the next generation of aviation professionals. The donated aircraft are also being used for training by emergency response teams at local airports and fire departments.

For FedEx pilots like Capt. Chip Groner, who piloted a 727 for about 10 years, closing the door on 727 operations is a turning point not only for FedEx but for the aviation industry.

โ€œThe 727 was a mainstay aircraft and one of the most dependable we ever had in our fleet. More importantly, it was the plane that really put FedEx on the map as an overnight express carrier,โ€ the 35-year FedEx crew member said. โ€œItโ€™s the end of an era, but itโ€™s only natural because of changing technology that improves the fuel and operational efficiencies of todayโ€™s new aircraft. The 727, for many pilots, will always be the airplane that really brought the airline industry into the jet age.โ€

Copyright Photo: Bruce Drum/AirlinersGallery.com. Still wearing its Eastern Airlines registration, the pictured Boeing 727-25C N8161G (msn 19717) in the original 1973 Federal Express livery, later became N125FE with FedEx.

FedEx Express:ย AG Slide Show

Video: The MEM Airport water saluted the last FedEx 727 arrival, operated by ex-Braniff Boeing 727-227 (F) N481FE (msn 21463).

Video: Thisย FedEx Boeing 727 was donated to the University of Alaska’s Aviation Department. It is pictured landing for the last time at Merrill Field’s runway 25 in downtown Anchorage.