1. FedEx pilots face pay cuts, buyouts as contract talks resume - FreightWaves
4 jan 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. The next big LTL shakeup? FedEx explores options for Freight division
27 jun 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.
3. FedEx Stokes Investors With Hint of a Freight Deal - Bloomberg
25 jun 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.
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4. FedEx explores divestment of Freight business - FreightWaves
26 jun 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.
5. Will recent talks between FedEx and Amazon lead to a reunion?
20 mrt 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.
6. 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...
7. M&A radar: FedEx takeover/break-up appeal swells - The Loadstar
13 okt 2022 · Succulent FDX feedback – spanning: “FedEx + DSV” (again); “FedEx + UPS” (new entry); “FedEx buyout” (uhmm); “FedEx break-up” (yawn!)
Succulent FDX feedback – spanning: “FedEx + DSV” (again); “FedEx + UPS” (new entry); “FedEx buyout” (uhmm); “FedEx break-up” (yawn!) – has poured into my inbox in the past week since the M&A barnstorming began on Tuesday 4 October. I duly gave it time to rest in the back of my mind, wanting more, before highlighting the thinking of one source from the institutional investor community that, in all fairness, perfectly sums ...
8. FedEx charges ahead with Network 2.0, rolling out to dozens more ...
22 mrt 2024 · FedEx is charging ahead with its plan to consolidate the delivery operations of its currently separate Express and Ground units.
The plan to integrate its separate Express and Ground delivery networks will help close a key gap with UPS, one executive said.
9. FedEx layoffs: Cost cuts target up to 2000 Europe jobs
12 jun 2024 · ... 2022, from Ramstein Air Base in Germany. FedEx plans to cut between ... news release Wednesday. FedEx expects to save between $125 ...
The company aims to slash back-office and commercial roles and consolidate certain activities in the region.
10. FedEx: Severance Packages - Samfiru Tumarkin LLP
1 apr 2024 · February 2023: FedEx is laying off 10% of its officers and directors. Severance pay for FedEx employees. In Canada, non-unionized employees at ...
Laid off or lost your job at FedEx? Learn about your employment rights in Canada and how to calculate your severance pay.
