FedEx pilots ask to be released from mediation, first step in pursuing strike
FedEx says the request is inappropriate and blames changes in union leadership for hindering progress.
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FedEx says the request is inappropriate and blames changes in union leadership for hindering progress.
The longtime employee was killed when she saw an envelope sticking out of a container and hurried to grab it, according to inside sources at FedEx and the attorney representing her family.
The logistics giant FedEx said all shipments destined to Israel currently in transition will be held “safely” in FedEx facilities.
Robert Clark, 58, of Travis County, Texas, is charged with nine counts of mail fraud. Clark’s indictment alleges that he began the scheme around December 2019.
The company’s net income was $1.08 billion, compared to the $875 million it reported in 2023.
This week marks two years since the Collierville Kroger mass shooting. Plus, FedEx Corp. reports first-quarter earnings and U of M researchers reveal breaches in the aquifer.
FedEx has been battling market softness in the face of rising inflation.
“On behalf of everyone at ALSAC and St. Jude, I’m grateful to Memphis for once again sharing its soul with the world during the FedEx St. Jude Championship.”
The increase will bring Raj Subramaniam’s base salary, first set in 2022 months after he took leadership of the company, from $1.3 million to $1.45 million.
Located at Memphis International Airport, the World Hub will include both office space and “state-of-the-art package sortation infrastructure.”
Yellow has not formally announced its closure, but a representative of Teamsters Local No. 667, which represents 4,000 local workers, said the company going out of business would affect about 550 of its members.Related story:
V. James Vena, who only served on FedEx’s board for one year, has resigned. Kimberly A. Jabal will not stand for reelection.
The news Monday left some wondering if a strike by FedEx pilots was imminent.Related story:
One of the main reasons FedEx’s fleet has grown despite the company saying it plans to scale back is due to purchase commitments it has made with aircraft manufacturers like Boeing.
FedEx pilots rejected a tentative agreement with the company by a vote of 57% to 43%.
The bulk of that went to approve a proposal of more than $44 million for the reconstruction of the west half of the Taxiway Alpha at Memphis International Airport.
“Decisions of this nature are never made lightly and are the result of much thought and consideration for the needs of our business,” FedEx said in a confirmation email to The Daily Memphian.
In addition to his salary, FedEx announced Monday that Dietrich will receive a signing bonus of $200,000, which will be paid in two installments. FedEx names new CFO and EVP, announces shifts in its finance teamRelated story:
The Memphis-based company announced Monday, July 17, its hiring of John W. Dietrich to the role, which will be vacated by CFO Michael C. Lenz on July 31.Related story:
The new venue is “giving people a taste of what we know is incredible Southern hospitality and culture through the lens of the golf tournament.”
The move from FedEx follows a breakdown in negotiations between UPS and the Teamsters union; more than 300,000 UPS workers could go on strike at the end of July.
Revenue for the fourth quarter was a few billion shy compared to the $24.4 billion the company announced in the same quarter of 2022. FedEx to consolidate its Canadian Ground and Express operationsRelated story:
The Memphis-based said the transition will take place in phases beginning in April 2024, affecting around 200 contractors.
Overall, the preliminary agreement has a combined $3.8 billion in value, a more than 37% increase from the current contract.
According to the union, the new agreement would provide major pension improvements with alternative pension options, hourly pay rate increases, an amendable period recovery payment and other improvements to pilots’ quality of life.