Amazon Continues Investment in Tennessee with Mt. Juliet Fulfillment Center

Remember when Banned Books Week used to be billed as a “celebration” of the freedom to read? This year, Banned Books Week (running October 1–7) will once again be more like a call to arms, as new surveys and reports show that a well-organized political movement is continuing to drive record numbers of book bans across the nation. For more than 40 years, the ALA’s Banned Books Week has spotlighted attempts to censor books in libraries and schools, uniting librarians, booksellers, publishers, and readers in support of free expression. Reading advocate, writer, and actor LeVar Burton is leading this year’s Banned Books Week as honorary chair.

FY24 second quarter service performance scores covering January 1 through January 19, included: *First-Class Mail: 84.0 percent of First-Class Mail delivered on time against the USPS service standard, a decrease of 1.9 percentage points from the fiscal first quarter. *Marketing Mail: 92.1 percent of Marketing Mail delivered on time against the USPS service standard, a decrease of 1.6 percentage points from the fiscal first quarter. *Periodicals: 80.6 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from the fiscal first quarter.

“We made significant progress in fiscal 2024 and ended the year strong, delivering four consecutive quarters of expanding operating income and margin in a challenging revenue environment,” said Raj Subramaniam, FedEx Corp. president and chief executive officer. “These results are unprecedented in this current environment, reflecting our continued execution of our DRIVE initiatives and our resolve to transform FedEx while we deliver outstanding service to our customers. We expect this momentum to continue in fiscal 2025 as we advance our efforts to create the world’s most flexible, efficient, and intelligent network.” FedEx Ground operating results increased due to reduced structural costs resulting from DRIVE initiatives, increased yield, lower self-insurance costs, and growth in ground commercial volume. FedEx Freight operating results increased due to higher yield and effective cost management. FedEx Freight has announced plans to further optimize its operations and match capacity with demand through the planned permanent closure of seven facilities. FedEx Express operating results declined primarily due to lower international yields, partially offset by reduced structural costs from DRIVE initiatives and higher U.S. domestic package yields. During the quarter, FedEx Express permanently retired certain aircraft and related engines as part of its fleet modernization program.