FedEx Freight Holding Co. is raising $3.7 billion in its debut investment-grade dollar bond sale, ahead of its planned June 1 spinoff from FedEx Corp.

FedEx is gearing up for another massive expansion at its Memphis stronghold, filing plans for a 1.6-million-square-foot, five-story e-commerce small-package sorting center at Memphis International Airport.

The new member of FedEx's executive committee has spent nearly four decades with the Memphis-based logistics giant and previously led major operational integrations that reshaped how the company moves packages.

Wisconsin customers may experience mail and package delivery delays due to winter storms across the nation.

United Parcel Service ( UPS) rallied in early action Tuesday after the delivery company issued a better-than-anticipated earnings report. Revenue was 3.2% lower than a year ago during the quarter at $21.5 billion, and adjusted EPS came in at $2.38 vs. $2.20 consensus.

Raj Subramaniam said "super humanoid robots" with a "couple of elbows" would be better at automating deliveries.

Jan 23 (Reuters) - FedEx said on Friday that it planned to cut up to 500 jobs and invest as much as 78 million euros ($91.58 million) as part of a major overhaul to its domestic operations in the country.

FedEx said customers “can continue to drop off and pick up your eligible shipments at the nearby FedEx Office location at 318 S. College Mall Road."

The 1.6 million-square-foot facility at 2753 Sprankel Ave. will handle a “state-of-the art automated sort system,” according to documents.

FedEx has appointed Scott Ray to serve as the new chief operating officer for the company's U.S. and Canada Surface Operations.