Air Algérie has placed an order for 16 new ATR 72-600s, with plans to deploy the new aircraft to a recently unveiled new ...

FedEx is planning permanent cost reductions of $1 billion in fiscal 2026 from the DRIVE and Network 2.0 transformation programmes as it reported a net income of $4.09 billion for fiscal year 2025 ...

FedEx has permanently retired 12 aircraft from its fleet and taken a $21 million impairment charge in its fiscal fourth ...

FedEx has permanently parked 12 cargo jets as it aligns the fleet with shipping volumes to control costs. The post FedEx retires a dozen freighter aircraft in efficiency move appeared first on ...

MEMPHIS, Tenn. — Fred Smith, the FedEx Corp. founder who revolutionized the express delivery industry, has died, the company said. He was 80. FedEx started operating in 1973, delivering small ...

The rise of FedEx Corp. from a startup express carrier with a few aircraft to the largest air cargo airline in the world and facilitator of global commerce is one of the remarkable stories in ...

The rise of FedEx Corp. from a startup express carrier with a few aircraft to the largest air cargo airline in the world and facilitator of global commerce is one of the remarkable stories in American ...

Frederick Smith in the 1970s. | Image: FedEx In the following years, Frederick Smith got the idea for FedEx and raised $80 million to get started. He received some of the funds from investors and some ...

FedEx retired ten widebody and two narrowbody freighters in the fourth quarter of its fiscal year, the company announced in its earnings release today. The aircraft included three MD-11Fs, seven ...

ANCHORAGE — A cargo ship that had been delivering new vehicles to Mexico sank in the North Pacific Ocean, weeks after crew members abandoned ship when they couldn't extinguish an onboard fire that ...

Federal Express founder and air cargo industry innovator Frederick Wallace Smith has died at the age of 80. Recognised as a trailblazer in airfreight and logistics, Smith launched Federal Express in ...