FedEx Corp. is laying off an undisclosed number of workers across the organization, despite posting stronger-than-expected quarterly results last week, as the company strives to hit targets for right-sizing the company. Meanwhile, parcel delivery rival UPS (NYSE: UPS) will eliminate more than 300 positions at its regional air hub in Ontario, California, because of slower volume.
In an unrelated move, FedEx Supply Chain Solutions said it plans to release more than 300 workers at a Georgia...
By Satish Jindel
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.
In many respects, the parcel market of 2024 still looks very much like that of 40 years ago when RPS broke into a practical monopoly of UPS. While transit time is faster for ground service, the service offerings, operational network and technology have largely remained unchanged.
For example, the transit time commitments for overnight express...
https://www.freightwaves.com/news/parcel-carriers-still-operating-according-to-1980s-narrative
FedEx has portrayed its new air network redesign in terms of streamlining the high-cost overnight parcel operation, but internal communications show the express delivery giant also sees an opportunity to aggressively go after heavyweight cargo booked by logistic providers to offset slower growth in the main express product and declining postal business.
FedEx Express (NYSE: FDX) historically has concentrated on moving small parcels by air. It gives general cargo — dry goods, hardware, textiles...
https://www.freightwaves.com/news/fedex-fleet-restructure-poses-threat-to-freighter-operators
DHL Express has activated contingency plans to keep delivering packages without interruption in the event ramp and tug workers at its North American air hub near Cincinnati go on strike as contract negotiations continue this week.
The Teamsters, which represents more than 1,100 DHL employees who load and unload freighters at Cincinnati/Northern Kentucky International Airport (CVG), announced Sunday that members overwhelmingly authorized leadership to call a work stoppage if there isn’t progress...
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Last-mile delivery has a parking problem, and it is hurting efficiency, raising costs and ultimately hurting the ability to attract new drivers.
Just 7.5% of drivers surveyed by curb management company Automotus said they are always able to find parking at the curb upon arrival, and 25% spend between four and seven minutes searching for a spot.
“From the data, we see that very few drivers are able to get a parking spot without circling around for several minutes,” said Anil Merchant, head of...
FedEx Corp. said Thursday it would hire 90,000 workers “ahead of busy peak season.”
The company will host in-person National Hiring Day events in Memphis, Tennessee, Indianapolis, Dallas and Atlanta next Thursday. FedEx (NYSE: FDX) will look to add package handlers, managers, technicians, forklift drivers, couriers and customs trade coordinators through virtual events as well.
“These positions are critical to the company’s success in meeting rising e-commerce demands from retailers and...
https://www.freightwaves.com/news/fedex-adding-90000-workers-to-handle-peak-surge
FedEx Express (NYSE: FDX) will invest in 20 more cargo jets as e-commerce continues to drive global growth for the parcel sector.
Chief Operating Officer Raj Subramaniam said during Thursday’s briefing on the company’s quarterly results that FedEx is exercising options to purchase 20 additional 767 freighters from Boeing Co. (NYSE: BA) to modernize its fleet and improve service amid strong shipping demand. Ten aircraft are scheduled for delivery in the 2024-2025 time frame, and 10 more the...
https://www.freightwaves.com/news/fedex-taps-boeing-for-20-more-767-freighters
This is an excerpt from Thursday’s (5/27) Point of Sale retail supply chain newsletter sponsored by ArcBest.
FedEx remains inundated with elevated parcel volume stemming from continued online shopping resulting in longer delivery times, service blunders and upset customers. According to ShipMatrix, from March through mid-April, about 87% of FedEx Ground shipments arrived on time, compared with 95% for the similar service at UPS.
Convey, a delivery-tracking software company, also reports parcel...
https://www.freightwaves.com/news/is-a-day-of-reckoning-coming-for-fedex-ups
Federal stimulus checks of $1,400 could be landing in Americans’ bank accounts by next week. It won’t be long before some of those dollars are recycled into online orders and e-commerce fulfillment companies see a spurt in volume, logistics experts say.
The U.S. House of Representatives is expected Wednesday to pass the $1.9 trillion COVID-19 relief package and President Joe Biden says he will quickly sign it into law.
Individuals earning up to $75,000 and couples earning up to $150,000 are...
https://www.freightwaves.com/news/$1400-covid-relief-checks-to-trigger-surge-in-e-commerce-shipments