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 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 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 .
FedEx charges ahead with Network 2.0, rolling out ... - Supply Chain …
Mar 22, 2024 · FedEx is charging ahead with its plan to combine the delivery operations of its separate Express and Ground units, as “ Network 2.0 ” is now implemented in more than 50 locations across its network, President and CEO Raj Subramaniam said Thursday.
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...
Report Showcases “FedEx Effect” on Global Economy as Company …
Oct 24, 2024 · • Supply chain: In calendar year 2023, 90% of the suppliers FedEx contracted with were small businesses. The company’s spending with suppliers during this period supported approximately 400,000 jobs at small businesses around the world.
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.
New Global Report Demonstrates FedEx Economic Impact
Oct 24, 2022 · The report found that FedEx played an integral role in helping businesses recover from the pandemic while overcoming strained supply chains and economic challenges. With nearly 550,000 employees worldwide, FedEx moved an average of 16 million shipments each day through its 5,000 facilities in FY 2022.
FedEx details capacity plan as UPS strike fears intensify
Jul 7, 2023 · FedEx is accepting additional parcel volume for a limited time as the threat of a UPS strike on Aug. 1 looms, according to a company message obtained by Supply Chain Dive. Volume from July 17 to July 21 will be used as the baseline measurement for capacity in the company's network, FedEx sales executives said in an email to employees on Thursday.