FedEx plans layoffs at 5 facilities, impacting 843 employees
Aug 15, 2023 · FedEx will enact layoffs at five facilities over the next few months, impacting 843 employees, according to Worker Adjustment and Retraining Notification (WARN) Act notices. Two layoffs involve FedEx Ship Centers as the company moves forward with its network consolidation plan for its Express and Ground units.
FedEx Supply Chain facility announces layoffs in York County
Dec 20, 2024 · According to a WARN Notice filed with the Department of Labor & Industry, the FedEx Supply Chain, Inc. facility on 2901 Black Bridge Road in York County will be laying off 70 employees in the...
FedEx targets growth in 4 customer segments | Supply Chain Dive
1 day ago · Supply chain and logistics news. Dive Insight: Gaining customers and volume in high-upside segments could help FedEx rebound after posting weak fiscal Q2 results.. For the quarter that ended Nov. 30, the company saw revenue drop 1% and net income fall 18% year over year.
FedEx Supply Chain closing four facilities as customer contracts …
Mar 28, 2022 · FedEx Supply Chain, a FedEx subsidiary that provides various third-party logistics services, is ending operations at four facilities in California, Pennsylvania and Tennessee this year due to the expiration of customer contracts, according to a statement.
FedEx CEO touts 'scaled network' as supply chain challenges loom
Dec 19, 2024 · FedEx reported a mixed quarter Thursday after close and announced it plans to spin off its freight business into another publicly traded company, FedEx Freight. In a …
FedEx invests in AI robotics company Nimble to boost its supply chain ...
Sep 5, 2024 · FedEx said on Thursday it has invested in AI robotics and autonomous technology company Nimble to help scale up the delivery giant's Fulfillment unit which aids small and medium-sized businesses...
FedEx News and Resources - Supply Chain 24/7
Dec 23, 2024 · FedEx announced plans to spin off FedEx Freight into an independent, publicly traded company within 18 months.
FedEx Announces Intent to Separate FedEx Freight, Creating Two …
Dec 19, 2024 · In fiscal year 2024, FedEx revenue totaled $78.3 billion across its remaining business segments. The Company provides a range of rapid, reliable, time- and day-definite delivery and related supply chain technology services to more than 220 countries and territories through an integrated air-ground express network.
Industry Experts Weigh In on FedEx 2.0 Consolidation Strategy
Jun 18, 2024 · With its long planned-out focus on consolidating its operating companies into a single organization, the heavy lifting is now under way for Memphis-based global freight transportation and logistics services provider FedEx.
FedEx plans additional surcharge changes for 2025 | Supply Chain …
Dec 16, 2024 · Both FedEx and UPS are relying on surcharges to improve profitability in an underwhelming demand environment, parcel pricing experts have told Supply Chain Dive. Paul Yaussy, director of parcel consulting at Shipware, said last month that this means many shippers will face 2025 price increases exceeding the upcoming 5.9% average rate hikes .