FedEx Freight announces another round of driver furloughs

googletag.cmd.push(function() {
var gptSlot = googletag.defineSlot('/21776187881/FW-Responsive-Main_Content-Slot1', [[728, 90], [468, 60], [300, 100], [320, 50]], 'div-gpt-ad-b1-i-fw-ad-1').defineSizeMapping(gptSizeMaps.banner1).setCollapseEmptyDiv(true).addService(googletag.pubads());
gptAdSlots.push(gptSlot);
});

googletag.cmd.push(function() { googletag.display('div-gpt-ad-b1-i-fw-ad-1'); });

FedEx Freight, the less-than-truckload unit of FedEx Corp., (NYSE: FDX) announced late Friday it has enacted another round of temporary driver furloughs in some U.S. markets in what it called an effort to “align our workforce with operational requirements.”

The unit did not disclose the number of furloughed drivers. Nor did it state how long they might be furloughed.

Some eligible employees will be offered permanent transfer opportunities to other markets that have hiring needs, according to a FedEx statement. FedEx Freight will maintain health benefits and provide other financial incentives for furloughed employees.

The company also said it “will continue to evaluate the environment and bring back furloughed employees as business circumstances allow.”

Like other LTL carriers, FedEx Freight has been impacted by weaker volumes stemming from a decline in industrial production activity. Industrial shipments are LTL carriers’ livelihood.

window.googletag = window.googletag || {cmd: []};
googletag.cmd.push(function() {
googletag.defineSlot('/21776187881/fw-responsive-main_content-slot2', [[468, 60], [728, 90], [300, 100], [320, 50]], 'div-gpt-ad-1665767472470-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads());
googletag.pubads().enableSingleRequest();
googletag.pubads().collapseEmptyDivs();
googletag.enableServices();
});

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1665767472470-0'); });

Freight News:

CN to split chief operating officer role into 2

Florida trucking company owner accused in $100M Ponzi scheme

XPO breakup advances, intermodal unit sold to STG Logistics

Georgia ports reach all-time record in May

Red Sea-driven surge in container shipping rates loses momentum

Bottom’s up!

address

social

Group Companies