PARCEL delivery company FedEx said it was planning for $175 million in unexpected peak-season costs to find trucks and planes to move goods that would have flown on its fleet of MD-11 cargo planes ...
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The Federal Aviation Administration has ordered all McDonnell Douglas MD-11 aircraft grounded pending further inspection, following UPS and FedEx each deciding to ground the planes that make up part ...
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Lee opened the conversation by pointing to the timing of the cargo-plane crisis. Just as peak shipping season begins, both FedEx and UPS have had to pull aging aircraft from service following a tragic ...
UPS and FedEx said they're grounding their fleets of McDonnell Douglas MD-11 planes "out of an abundance of caution" following a deadly crash at the UPS global aviation hub in Kentucky. The crash on ...
FedEx CFO sees expenses of up to $175 million in November and December from MD-11 grounding MD-11 related expenses were $25 million in November, to be roughly $150 million in December MD-11 grounding ...
Dec 18 (Reuters) - Parcel delivery company FedEx said it was planning ‌for $175 million in unexpected peak-season costs to find trucks and ‌planes to move goods that would have flown on its fleet of ...