FedEx News Monitoring

FedEx to cut management jobs by more than 10%, CEO says

FedEx Corp. is cutting global officer and director jobs by more than 10%, the courier’s latest cost-saving measure as economic concerns and waning e-commerce weigh on demand for package delivery. The company plans to consolidate some teams and functions in …

FedEx cutting over 10% of management roles

Missouri Attorney General Andrew Bailey says his office is taking an 'all hands on deck approach' after a middle school took students to a drag show without parents' consent. FedEx is shedding more than 10% of its officer and director roles …

FedEx to cut over 10% of global officer/director positions, consolidate some teams and functions

Amid volume declines and an effort to drastically cut costs, FedEx Corp. is set to lay off staffers across its global enterprise. According to a public letter sent from president and CEO Raj Subramaniam to all employees, the company is reducing its officer …

FedEx Is Laying Off Workers. It Has to Streamline Operations.

FedEx is cutting some employees. This batch of layoffs isn’t really a sign the economy is struggling. It’s a sign FedEx needs get its cost structure inline. The logistics giant said Wednesday it was going to cut 10% of its executive team in an effort to …

FedEx To Cut Senior Jobs As Part Of Larger Staff Reduction

A FedEx Express delivery vehicle is seen in Long Beach, California, U.S., September 16, 2022. Reuters FedEx Corp on Wednesday said it would cut its officer and director ranks by 10% as part of a broad cost-reduction effort that has reduced staffing at the …

FedEx is laying off more than 10% of managers in a cost-cutting crusade. Read the full memo from the CEO.

FedEx told staff it is in the process of laying off 10% of its officer and director team. The company has been on a cost-cutting crusade since the end of last year to rescue profits. Read CEO Raj Subramaniam's letter to staff below. Sign up for our …

FedEx, Rivian, DraftKings join US companies cutting jobs

FedEx, Rivian Automotive, and DraftKings have joined a growing list of U.S. corporations announcing job cuts. FedEx sent an announcement to employees Wednesday informing them that the package delivery company is reducing the size of its officer and …

FedEx cutting 'officer and director team' jobs by more than 10%, CEO says

FedEx Corp. President and CEO Raj Subramaniam said the company is reducing the size of its officer and director team by more than 10% and “consolidating some teams and functions” in a note to its team members on Wednesday. Subramaniam said FedEx was in the …

Shippo Partners With FedEx To Reduce Shipping Costs for Small Business Shippers

Shippo announced that it is the first multi-carrier shipping company to receive a Platform Account from FedEx, enabling small business shippers to save on shipping costs. What you need to know: With this agreement, Shippo can now offer U.S.-based merchants …

FedEx Ground looks to implement new evaluation system for its delivery contractors

FedEx Ground creates 3-tier grading system for driver contractors

FedEx Ground is putting its pickup and delivery contractors through an extensive performance-grading process that could result in some contractors losing their exclusive rights to bid on and negotiate contracts to serve routes, according to a well-placed …

FedEx to use Olympic-style rankings to weed out delivery contractors

FedEx Implementing Ranking System for Delivery Contractors

[Stay on top of transportation news: Get TTNews in your inbox.] FedEx Corp. is rolling out a new system for evaluating its delivery contractors that rank them like Olympic medal winners, and those designated as the lowest-ranked “bronze” will be more …

Shippo earns FedEx’s first-ever Platform Account

Modern shipping is all about consolidation. More shipping partners means more capacity that can be injected into or removed from a fleet as needed — and more money saved on costs like vehicle maintenance and repairs. In line with that trend, one of the …

Be patient with deliveries, D-FW: Amazon, FedEx, UPS face delays

People still have birthdays and anniversaries on snow days, and others need medical supplies delivered. But it’s all going to have to wait. Related:Rain, sleet and snow are stopping the U.S. Postal Service Brutal temperatures, freezing rain and thunder …

FedEx to use Olympic-style rankings to weed out delivery contractors

FedEx is rolling out a new system for evaluating its delivery contractors that rank them like Olympic medal winners, and those designated as the lowest-ranked "bronze" will be more likely to lose their service areas, according to a company memo. …

Here's Why UPS And FedEx Shares Are Moving

United Parcel Service, Inc. UPS shares are trading higher by 3.44% to $182.99 Tuesday morning after the company reported better-than-expected fourth-quarter EPS, raised its dividend and announced a $5 billion repurchase program. Additionally, FedEx Corp …

UPS, FedEx partner airline agrees to buy 20 pilotless cargo planes in $134M deal

Check out what's clicking on FoxBusiness.com Ameriflight, a cargo airline that partners with shipping giants UPS, FedEx and DHL, has announced a $134 million deal to buy 20 autonomous aircraft from Natilus as part of its push to build the "air …

FedEx Makes Morningstar List of Undervalued Industrial Stocks

Industrial stocks have outperformed the overall market since last year, as investors increasingly turn toward value stocks. The S&P 500 Industrials index has posted a total return of 3.99% over the past year, compared to a 4.35% negative return for the …

CAAAREM lista para despachar mercancías en el Aeropuerto Internacional Felipe Ángeles

A la comunidad importadora y exportadora del Valle de México: CDMX, CDMX, MéXICO, February 3, 2023 /⁨EINPresswire.com⁩/ -- CAAAREM lista para despachar mercancías en el Aeropuerto Internacional Felipe Ángeles A la comunidad importadora y …

Military Vets-Owned Moving Company Aims to Hire, Empower Veterans and active duty service members in Tampa FL

Military Vets-Owned Moving Company opens in Atlanta GA with mission to support & employ military vets & active duty troops. TAMPA, FL, UNITED STATES, February 3, 2023 /⁨EINPresswire.com⁩/ -- A new military veterans-owned and operated …

Military Vets-Owned Moving Company Aims to Hire, Empower Veterans and Active Duty Troops in Raleigh NC

Military Vets-Owned Moving Company opens in Raleigh NC with mission to support & employ military vets & active duty service members. RALEIGH, NC, UNITED STATES, February 3, 2023 /⁨EINPresswire.com⁩/ -- A new military veterans-owned and …

Smart Logistics Market to Reach a Revenue of Around US$ 201.2 Bn by the End of 2032 at an impressive CAGR of 20.7% | PMR

Market Study on Smart Logistics: Nearly 7X Market Growth Predicted for 10-year Period NEW YORK, NEW YORK, UNITED STATES, February 3, 2023 /⁨EINPresswire.com⁩/ -- Smart Logistics Market Worldwide revenue from smart logistics accounts for US$ …

Indian Trucking Industry Size to Reach US$ 36,353 Million 2023-2028 | Industry CAGR of 9%

According to the latest report by IMARC Group, The India truck market size reached US$ 20,042 Million in 2022. INDIA, February 3, 2023 /⁨EINPresswire.com⁩/ -- According to the latest report by IMARC Group “India Truck Market: Industry Trends, …

India Logistics Market Size to Grow at a CAGR of 9.17% During 2022-2027 | IMARC Group

According to the latest report by IMARC Group, The India logistics market is expected to exhibit a CAGR of 9.17% during 2022-2027. INDIA, February 3, 2023 /⁨EINPresswire.com⁩/ -- According to the latest report by IMARC Group “India Logistics …

Kirby Corporation Appoints Rocky B. Dewbre to Board of Directors

HOUSTON, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Kirby Corporation (NYSE: KEX) ("Kirby" or “the Company”) today announced the appointment of Rocky B. Dewbre as a new independent member of the Company’s Board, effective immediately, pursuant to a …

Costamare Inc. Sets the Date for Its Fourth Quarter 2022 Results Release, Conference Call and Webcast

Earnings Release: Wednesday, February 8, 2023, Before Market Opens Conference Call and Webcast: Wednesday, February 8, 2023, at 8:30 a.m. ET MONACO, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Costamare Inc. (NYSE:CMRE), announced today that it will release its …

‘Unlock the Power of Gifting’ w/ ‘Mailbox Power’ ‘Personalized Gift-Platform’ w/o LOB Marketing Automation, DALLAS TEXAS

MailBoxPower.com’s mission is to create an all-in-one automated-platform that delivers thoughtful, personalized gifts/cards; thus, keeping the phones ringing GAINESVILLE , FLORIDA , UNITED STATES, February 3, 2023 /⁨EINPresswire.com⁩/ -- What …

Patsco Windshield Specializes in Advanced Auto Glass Repair Services

Patsco Windshield Repair up to 24 inches - Free with Approved Insurance - 15 minutes. (210) 468-1330 SAN ANTONIO, TEXAS, UNITED STATES, February 3, 2023 /⁨EINPresswire.com⁩/ -- Serving customers throughout the San Antonio region, Patsco Windshield …

Pet Care Packaging Market is Experiencing Giant Upward Growth Curve | Here’s Why

Companies Covered are Amcor Plc, ProAmpac LLC, WestRock Company, Sonoco Products Co, Silgan Holdings Inc., TCL Packaging Ltd., Aptar Group Inc., etc. JERSEY, NJ, US, February 3, 2023 /⁨EINPresswire.com⁩/ -- "Global Pet Care Packaging Market- …

Heartland Express, Inc. Announces Participation in Upcoming Conference

NORTH LIBERTY, Iowa, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Heartland Express, Inc. (Nasdaq: HTLD) announced that on Tuesday, February 7, 2023, Chris Strain, Chief Financial Officer, and Josh Helmich, Vice President, Controller, and Corporate Secretary will …

Heartland Express, Inc. Reports Fourth Quarter and Annual Financial Results which includes All-Time Record High Revenues ...

NORTH LIBERTY, Iowa, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Heartland Express, Inc. (Nasdaq: HTLD) announced today financial results for the quarter and year ended December 31, 2022. Three months ended December 31, 2022: Net Income of $15.5 million and Basic …

Food Logistics Recognizes Redwood Logistics as a Top Software and Technology Provider

-Redwood listed among leading food and beverage industry software and technology providers- CHICAGO, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Redwood Logistics (Redwood), one of the fastest-growing supply chain and logistics companies in North America, announced …

Saia Reports Fourth Quarter Results

JOHNS CREEK, Ga., Feb. 03, 2023 (GLOBE NEWSWIRE) -- Saia, Inc. (Nasdaq: SAIA), a leading transportation provider offering national less-than-truckload (LTL), non-asset truckload, expedited and logistics services, today reported fourth quarter 2022 …

Capital Product Partners L.P. Announces Fourth Quarter 2022 Financial Results

ATHENS, Greece, Feb. 03, 2023 (GLOBE NEWSWIRE) -- Capital Product Partners L.P. (the “Partnership”, “CPLP” or “we” / “us”) (NASDAQ: CPLP), an international owner of ocean-going vessels, today released its financial results for the fourth quarter ended …

Echelon Wins Gold, Syracuse University’s Whitman School Proud to Play a Role

Syracuse University Professor Pat Penfield worked with company officials on improving workflow efficiencies that resulted in bottom-line growth. SYRACUSE, NEW YORK, UNITED STATES, February 2, 2023 /⁨EINPresswire.com⁩/ -- Echelon Supply and …

Military Vets-Owned Moving Company Aims to Hire, Empower Veterans and Active Duty Troops in Norfolk, VA

Military Vets-Owned Moving Company opens in Norfolk, VA with mission to support & employ military vets & active duty troops. NORFOLK, VA, UNITED STATES, February 2, 2023 /⁨EINPresswire.com⁩/ -- A new military veterans-owned and operated …

ZXEREX Safe™: Reducing Accidents and Injuries Due to Workplace Impairment

Identify and manage workplace impairment in real time using an accurate, non-invasive, science-based screening test. SCOTTSDALE, AZ, USA, February 2, 2023 /⁨EINPresswire.com⁩/ -- Random drug testing has been used by companies to discourage drug …

Carnegie Foundry Launches Carnegie Capital Partners to Accelerate Early-Stage Investment In Robotics and Industry 4.0

Robotics venture studio closes lead investment in new platform to broaden and diversify investors in the next generation of Industrial automation PITTSBURGH, PA, USA, February 2, 2023 /⁨EINPresswire.com⁩/ -- Robotics venture studio Carnegie …