The FAA has ordered the grounding of all McDonnell Douglas MD-11 aircraft after a fatal crash. This could potentially delay holiday deliveries for UPS and FedEx as they adjust their cargo operations.
A UPS plane crashed shortly after takeoff near Louisville International Airport, leading to nine confirmed deaths and multiple injuries. Ongoing investigations reveal serious safety concerns.
Fred Smith, the founder of FedEx, has died at 80, leaving behind a legacy of revolutionizing the express delivery industry and impacting the global economy.