Parcel delivery company FedEx said it was planning for $175 million in unexpected peak-season costs to find trucks and planes ...

FedEx expects to eat $175 million in extra costs to replace capacity caused by the temporary grounding of MD-11 aircraft, but that’s a blip for a company that just reported a $1.6 billion operating ...

FedEx said it incurred $25 million in additional costs in November after last month’s UPS cargo plane crash led to the grounding of all MD-11 planes, including FedEx’s fleet. FedEx expects even higher ...

FedEx has permanently retired 12 aircraft from its fleet and taken a $21 million impairment charge in its fiscal fourth quarter that ended on May 31. As part of its annual results announcement, the ...

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 ...

UPS and FedEx said they are 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 ...

The Federal Aviation Administration on Saturday ordered MD-11 and MD-11F aircrafts to be grounded as authorities investigate the deadly UPS plane crash in Kentucky. The emergency airworthiness ...