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Stock impact report

FedEx is buying up to 100 new flying delivery trucks [CNN]

FedEx Corporation (FDX) 
Last fedex corporation earnings: 3/17 04:03 pm Check Earnings Report
US:NYSE Investor Relations: fedex.com/us/investorrelations
Company Research Source: CNN
FedEx is buying up to 100 new flying delivery trucks FedEx is keen on Cessna's newest small plane. Cessna on Tuesday unveiled an all-new design for a small freighter and passenger aircraft, dubbed the SkyCourier. FedEx Express has agreed to buy 50 of the flying delivery trucks, adding roughly one per month for four years, and holds options for 50 more. The global delivery company is rapidly modernizing its fleet of small planes to stay ahead of competitors like Amazon ( AMZN , Tech30 ) , which are trying to fly and deliver more orders themselves. FedEx ( FDX ) , whose planes crisscross the globe with your packages, operates one of the largest aircraft fleets on the planet. Related: The U.S. will face a staggering shortage of pilots But its enormous freight aircraft can't pickup and deliver in every community, so the company uses a feeder network of smaller planes to get parcels closer to their final destination, where they can be delivered by ground transportation. With a t Show less Read more
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