FedEx also said it would apply a demand surcharge on all FedEx and TNT shipments to and from Israel for India, the United Arab Emirates and South Africa due to increased operational costs.

When he was a student at Yale in 1965, Fred Smith wrote an economics paper that spelled out his idea for a nationwide overnight delivery system. His professor gave him a C. Smith didn’t give up ...

Fred Smith, the founder of FedEx who helped create the overnight delivery industry, changing the way businesses and consumers get the goods they purchased, has died. He was 80 years old.

FedEx Corp. plans to close 30% of its U.S. package distribution facilities within two years under its Network 2.0 consolidation program, which is gaining momentum and expected to contribute toward ...

FedEx has nearly 700 aircraft, more than 2,100 vehicles, and more than 5,200 operating facilities. What’s more, FedEx has nearly 600,000 employees whom collectively handle more than 16.5 million ...

Smith bought a fleet of 14 Falcon 20s for the launch of FedEx. Its hub—built in Memphis because the weather was generally good and the airport had space for the new operator—linked multiple ...

Fred Smith, who transformed the parcel shipping industry by risking his family’s fortune to found FedEx Corp. in 1971, has died. He was 80. “It is with profound sadness and a heavy heart that ...