1. FedEx pilots face pay cuts, buyouts as contract talks resume - FreightWaves
Jan 4, 2024 · FedEx Express soon plans to cut the minimum number of flight hours guaranteed to pilots by 13% and push 400 senior crew members to early retirement.
FedEx Express wants to compensate for a surplus of pilots by lowering guaranteed pay and offering severance packages once a new labor contract is reached. Meanwhile, mechanics are agitating to unionize.
2. FedEx explores divestment of Freight business - FreightWaves
Jun 26, 2024 · Parcel analyst Satish Jindel predicts FedEx will opt later this year to spin off the Freight unit to the public market.
Parcel analyst Satish Jindel predicts FedEx will opt later this year to spin off the Freight unit to the public market.
3. FedEx Stokes Investors With Hint of a Freight Deal - Bloomberg
Jun 25, 2024 · The delivery company is exploring a sale or spinoff of its less-than-truckload unit, which would create a lot of shareholder value but dilute profit margins.
The delivery company is exploring a sale or spinoff of its less-than-truckload unit, which would create a lot of shareholder value but dilute profit margins.
4. The next big LTL shakeup? FedEx explores options for Freight division
Jun 27, 2024 · A move for FedEx Freight would come as the parcel giant has moved to reduce costs and merge its Ground and Express units into a single entity.
Any sale or spinoff would follow a shift by large carriers toward pure-play operations — and could further consolidate an LTL sector still reeling from Yellow’s demise.
5. FedEx to Shutter Four Facilities, Affecting More Than 300 Employees
Jun 25, 2024 · The company plans to cease operations at four facilities in North Carolina and South Carolina on September 3.
According to WARN notices filed in North Carolina and South Carolina, FedEx will close four of its facilities as it restructures.
6. Will recent talks between FedEx and Amazon lead to a reunion?
Mar 20, 2024 · In June 2019, FedEx announced it made a “strategic decision” not to renew the FedEx Express U.S. contract with Amazon, as it focused on serving ...
When Memphis-based global freight transportation and logistics services provider FedEx and global e-commerce giant Amazon ended their business relationship in 2019, one could have likely assumed, at the time, that the breakup was permanent.
7. FedEx Corporation Announces Voluntary Buyout Program
FedEx Corporation announced that voluntary buyout program is being rolled out to trim the workforce as part of the effort to boost profits.
FedEx Corporation announced that voluntary buyout program is being rolled out to trim the workforce as part of the effort to boost profits. Eligible employees received voluntary buyout packets for...
8. FedEx layoffs: Cost cuts target up to 2000 Europe jobs
Jun 12, 2024 · ... 2022, from Ramstein Air Base in Germany. FedEx plans to cut between ... news release Wednesday. FedEx expects to save between $125 ...
See AlsoHomeaccess.stopandshopThe company aims to slash back-office and commercial roles and consolidate certain activities in the region.
9. FedEx Overhaul Contemplates a Future With No Drivers on Payroll
Apr 10, 2023 · The overhaul centers on a merger between its Ground unit, which uses non-employee contractors to move parcels, and its Express division, which hires only staff ...
The overhaul centers on a merger between its Ground unit, which uses non-employee contractors to move parcels, and its Express division, which hires only staff drivers.
10. FedEx scales back operations following disappointing Q1 2022 ...
Sep 16, 2022 · FedEx Express revenue is $11.1bn for the first quarter 2023, compared to $11bn for the first quarter of fiscal 2022. FedEx Ground revenue is ...
A drop in volumes and economic volatility "adversely impacted" FedEx's results for the fiscal first quarter ended August 31, prompting the transport
11. FedEx to Offer Buyouts, Up to 2 Years' Pay - Recruiter.com
Missing: 2022 | Show results with:2022
FedEx, the world’s second-largest package delivery company, just announced its plans to offer some of its employees buyout options totaling up to two years' pay. The buyouts will start next year....
12. FedEx Buyouts & the Importance of Legal Representation
Dec 20, 2018 · However, due to technological advancements and poor international business, FedEx is offering a voluntary buyout program to its U.S. employees.
Memphis Employment Law Attorneys evaluate FedEx’s recent buyout offer. Contact Donati Law, PLLC if you require legal representation.
13. FedEx to offer buyouts to U.S. employees as part of cost-cutting ...
Dec 19, 2018 · The buyout offer for U.S. employees will save FedEx between $225 million and $275 million annually. It will also result in a pretax cash charge ...
The Memphis, Tennessee-based company did not say how many positions it wants to eliminate or from what locations. But its Indianapolis International Airport hub is part of the Express division that will be targeted for the buyouts.
14. FedEx Starts $575 Million Worker Buyout as Overseas Demand Cools
Jan 18, 2019 · FedEx Starts $575 Million Worker Buyout as Overseas Demand Cools ... This article is for subscribers only. FedEx Corp. is starting an employee ...
FedEx Corp. is starting an employee buyout program that will cost as much as $575 million before taxes, as the courier seeks to pare expenses amid a sudden decline in international business.
