Skip to content
Search AI Powered

Latest Stories

newsworthy

FedEx names Bronczek as president and COO

Move comes 11 months early as TNT integration goes faster than expected.

Organizational chart: FedEx executive management structure as of Feb. 1, 2017


FedEx's executive management structure as of Feb. 1, 2017.

Transport and logistics giant FedEx Corp. has named David J. Bronczek as its president and chief operating officer effective Feb. 1, making the change 11 months earlier than originally planned. Frederick W. Smith remains as the company's chairman and chief executive officer.

Memphis-based FedEx had first announced its plans for the leadership change in September, saying Bronczek would take over the position on Jan. 1, 2018, but accelerated its plans because the integration of TNT into FedEx Express went faster than expected, the company said. FedEx paid $4.8 billion in May 2016 to acquire Dutch delivery firm TNT Express N.V., combining TNT's strong European road haulage network with FedEx's worldwide air infrastructure.

The new year also saw the retirement of T. Michael Glenn, who had served for nearly 20 years as executive vice president for market development and corporate communications. He stepped down on Dec. 31.

Bronczek will assume a new title in the company, with responsibility for marketing, sales, and all FedEx operating companies. He had previously served as CEO of FedEx Express, the company's air and international unit.

Replacing Bronczek as president and CEO of FedEx Express will be David L. Cunningham, who had previously served as regional president of the Asia Pacific Region and most recently as executive vice president and chief operating officer. In his new position, Cunningham will be responsible for the leadership and direction of the FedEx Express group, which includes FedEx Express and TNT.

"While this was announced last September, substantial progress in integrating the TNT acquisition into FedEx Express now allows us to accelerate Dave [Bronczek's] promotion by 11 months in advance of fiscal year 2018," Smith said in a release. "He is uniquely qualified to take on the position of president and chief operating officer. Under Dave's leadership for the past 17 years, the FedEx Express team has achieved outstanding financial results and service levels."

The Latest

More Stories

Logistics economy grew in October

Logistics Managers' Index

Logistics economy grew in October

Economic activity in the logistics industry continued its expansion streak in October, growing for the 11th straight month and reaching its highest level in two years, according to the most recent Logistics Managers’ Index report (LMI), released this week.

The LMI registered 58.9, up from 58.6 in September, and continued a run of moderate growth that began late in 2023. The LMI is a monthly measure of business activity across warehousing and transportation markets. A reading above 50 indicates expansion, and a reading below 50 indicates contraction.

Keep ReadingShow less

Featured

port of vancouver

West coast dockworker strike could dent Canadian economy

The port worker strike that began yesterday on Canada’s west coast could cost that country $765 million a day in lost trade, according to the ALPS Marine analysis by Russell Group, a British data and analytics company.

Specifically, the labor strike at the ports of Vancouver, Prince Rupert, and Fraser-Surrey will hurt the commodities of furniture, metal products, meat products, aluminum, and clothing. But since the strike action is focused on stopping containers and general cargo, it will not slow operations in grain vessels or cruise ships, the firm said.

Keep ReadingShow less
allitix supply chain planning

Accenture acquires supply chain consulting firm

Consulting firm Accenture has taken another step to bulk up its supply chain advisory capabilities, announcing Monday that it has acquired Allitix, a California-based consulting and technology company specializing in Anaplan solutions with capabilities across financial planning and analysis, sales performance management, and supply chain.

Anaplan is a Florida provider of corporate performance management (CPM) systems, which it defines as enterprise cloud software that empowers organizations to see, plan, and lead better business outcomes by aligning their strategic objectives and resources.

Keep ReadingShow less
trucks used by jillamy 3PL

Texas 3PL Mode Global acquires Jillamy’s freight brokerage arm

The Texas third-party logistics firm (3PL) Mode Global has acquired the freight brokerage business of supply chain service provider Jillamy, saying on Monday that the deal advances its strategy of expanding its national footprint.

Terms of the acquisition were not disclosed, but Mode Global said it will now assume Jillamy's comprehensive logistics and freight management solutions, while Jillamy's warehousing, packaging and fulfillment services remain unchanged. Under the agreement, Mode Global will gain more than 200 employees and add facilities in Pennsylvania, Arizona, Florida, Texas, Illinois, South Carolina, Maryland, and Ontario to its existing national footprint.

Keep ReadingShow less
Clorox partnership helps suppliers meet carbon reduction targets

Clorox partnership helps suppliers meet carbon reduction targets

Consumer packaged goods (CPG) provider The Clorox Co. has partnered with Manufacture 2030 (M2030) to help Clorox's suppliers meet their carbon reduction targets and advance the company's long-term goal of reaching net-zero emissions by 2050.

In addition to its flagship Clorox bleach product, Oakland, California-based Clorox manages a diverse catalog of brands including Hidden Valley Ranch, Glad, Pine-Sol, Burt’s Bees, Kingsford, Scoop Away, Fresh Step, 409, Brita, Liquid Plumr, and Tilex.

Keep ReadingShow less