Cold Weather Crimps FedEx Deliveries

Federal Express, the world’s largest overnight delivery service, said cold weather was disrupting air operations in Memphis, Tenn.; Indianapolis; and Newark, N.J. “We’re trying to do all we can to make sure all deliveries are made by Christmas,” said a spokesman for FDX Corp., the parent company. Separately, FDX’s pilots union said its board voted to recommend ratification of a tentative labor agreement with Federal Express. Ratification ballots will be mailed to members Monday and results will be known Feb. 4. The settlement would give FedEx’s 3,300 pilots a 17% raise over five years and improve flight schedules. Shares in Memphis-based FDX fell 94 cents to close at $89.75 on the New York Stock Exchange.