Current Report Filing (8-k)
August 27 2014 - 4:12PM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant
to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): August 27, 2014
FedEx Corporation
(Exact name of registrant as specified in its charter)
Commission
file number 1-15829
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Delaware |
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62-1721435 |
(State or other jurisdiction
of incorporation) |
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(I.R.S. Employer
Identification No.) |
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942 South Shady Grove Road, Memphis, Tennessee |
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38120 |
(Address of principal executive offices) |
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(ZIP Code) |
Registrants telephone number, including area code: (901) 818-7500
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
SECTION 8. OTHER EVENTS.
Attached as Exhibit 99.1 and incorporated herein by reference is a copy of the press
release of FedEx Corporation, dated August 27, 2014, announcing that a federal appeals court has issued its decision in three FedEx Ground contractor cases.
SECTION 9. FINANCIAL STATEMENTS AND EXHIBITS.
Item 9.01. |
Financial Statements and Exhibits. |
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Exhibit Number |
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Description |
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99.1 |
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Press Release of FedEx Corporation dated August 27, 2014, announcing that a federal appeals court has issued its decision in three FedEx Ground contractor cases. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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FedEx Corporation |
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Date: August 27, 2014 |
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By: |
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/s/ Christine P. Richards |
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Christine P. Richards |
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Executive Vice President, General Counsel and Secretary |
EXHIBIT INDEX
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Exhibit Number |
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Description |
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99.1 |
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Press Release of FedEx Corporation dated August 27, 2014, announcing that a federal appeals court has issued its decision in three FedEx Ground contractor cases. |
E-1
Exhibit 99.1
CONTACT: |
Melissa Charbonneau |
FedEx
901-434-5950
melissa.charbonneau@fedex.com
Federal Court Issues Decision in Appeal of Three Contractor Cases
FedEx Ground continues to enhance its successful business model in light of shifting legal and regulatory developments in several states
MEMPHIS, Tenn., August 27, 2014 FedEx Ground, a subsidiary of FedEx Corporation, (NYSE: FDX) reports today that a decision by a three-judge panel
of the United States Court of Appeals for the Ninth Circuit reversed previous rulings by the District Court for the Northern District of Indiana in three class action cases involving mostly former independent contractors for FedEx Ground. The court
held that those independent contractors operating in California from 2000-2007 and Oregon from 1999-2009 were employees according to the panels interpretation of state laws. The model that the court reviewed is no longer in use. Since 2011,
FedEx Ground has only contracted with incorporated businesses, which treat their drivers as their employees. FedEx Ground will seek review of these decisions, including review by the entire Ninth Circuit.
We fundamentally disagree with these rulings, which run counter to more than 100 state and federal findings including the U.S. Court of Appeals
for the D.C. Circuit upholding our contractual relationships with thousands of independent businesses, said FedEx Ground Senior Vice President and General Counsel Cary Blancett. The operating agreement on which these rulings are
based has been significantly strengthened in recent years, and we look forward to continuing to work with service providers across our network to provide customers the industrys most reliable service.
In light of legal and regulatory developments in several states, FedEx Ground, a leader in cost-effective, small-package ground shipping, has taken a number
of steps in recent years to enhance its operating agreements with the independent businesses that contract with the company to provide transportation services. As the latest step in this ongoing effort, FedEx Ground will transition to new
independent service provider (ISP) agreements in the states of California, Oregon, Washington, and Nevada.
Currently, FedEx Ground contracts with more than 550 businesses that provide pickup and delivery service in
California. Those businesses averaged nearly $500,000 in revenue last year, with nearly 50 of them topping $1 million or more in earnings. In Oregon, more than 100 independent businesses provide services for FedEx Ground. More than one-third of the
businesses in these two states are minority or female-owned.
Small businesses are the foundation and growth engine of the U.S. economy, and we are
proud of our long-standing contractual relationship with these service providers each of which agrees to treat their personnel as employees and to comply with all applicable federal and state laws, said FedEx Ground Vice President of
Contractor Relations Sean OConnor. We remain committed to maintaining a business model that has been proven successful for our customers, service providers, and shareowners.
About FedEx Grounds Independent Business Network
FedEx Ground contracts for transportation, pickup and delivery services with more than 8,200 service providers in the United States and Canada whose operations
employ more than 32,500 people as drivers, managers, helpers and staff. Those businesses generate more than $4 billion a year in revenue and average nearly $450,000 in annual revenue per business.
About FedEx Ground
FedEx Ground, a part of FedEx Corp.
(NYSE: FDX), is a leader in cost-effective, small-package ground shipping, offering dependable service to businesses and residential customers throughout the U.S. and Canada. FedEx Ground is faster to more locations than its primary competitor
and includes FedEx Home Delivery for residential customers and FedEx SmartPost specializing in the delivery of low-weight packages from businesses to residential customers through a partnership with the U.S. Postal Service®.
About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With
annual revenues of $46 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the worlds most
admired and trusted employers, FedEx inspires its more than 300,000 team members to remain absolutely, positively focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For
more information, visit news.fedex.com.
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