Latest updates, earnings, and strategic developments
Last updated: July 4, 2025
The pioneering founder who revolutionized express delivery and created the overnight shipping industry passed away, leaving behind a transformative legacy in global logistics and commerce.
Fred Smith, who founded Federal Express in 1971 and built it into the world's largest express transportation company, died at age 80. Smith stepped down as CEO in 2022 but continued as executive chairman. His Yale University term paper proposing revolutionary overnight delivery became the foundation for an $87 billion global shipping empire.
Revenue reached $22.22 billion, beating expectations of $21.79 billion. Company achieved $4 billion DRIVE cost-cutting target and announced additional $1 billion savings goal for fiscal 2026.
John Smith appointed as CEO of the independent FedEx Freight company ahead of the planned June 2026 separation. The spinoff will create the largest publicly traded LTL carrier in North America, potentially valued at $30-35 billion.
FedEx partners with Neste to secure over 3 million gallons of sustainable aviation fuel at LAX - the largest SAF purchase by a U.S. cargo airline. The fuel reduces greenhouse gas emissions by up to 80% compared to conventional jet fuel.
FedEx targets 50% electric vehicle purchases by 2025, rising to 100% by 2030. The company has deployed EVs across major cities in Asia Pacific and continues expanding charging infrastructure partnerships globally.
FedEx research reveals convenience and post-purchase experience as key drivers for 2025. Over 80% of consumers prioritize home delivery, free shipping, and real-time tracking as essential features.
FedEx remains the highest-ranked delivery company on Fortune's "World's Most Admired Companies" list for 2025, reinforcing its position as an industry leader in reliability and innovation.
New partnership with Blue Yonder enhances customer convenience with expanded return locations nationwide, streamlining the e-commerce return process for millions of customers.