There are 11 article(s) tagged FedEx Freight:

• July 2024

  • It may soon be possible to invest in FedEx Freight as a stand-alone

    The company is looking at FedEx Freight’s role in the portfolio as it thinks about ways to unlock value for shareholders. 

    By Jane Roberts July 01, 2024

• May 2023

  • FedEx Freight to consolidate 29 locations, furloughs workers

    According to a representative of FedEx, eligible employees will be offered permanent transfer opportunities to other markets that have hiring needs.

    By Rob Moore May 01, 2023

• March 2023

  • Billions of dollars in cuts seemingly help FedEx get back on track

    FedEx stock was up more than 10% following an earnings release last week, with numbers high enough that the company increased its forecast for the full fiscal year.

    By Rob Moore March 20, 2023

• February 2023

  • FedEx Freight to enact additional furloughs

    In an email with The Daily Memphian on Friday, Feb. 3, a representative of FedEx confirmed the company is enacting these furloughs in addition to the ones announced in November 2022.

    By Rob Moore February 03, 2023

• November 2022

  • FedEx Freight to furlough workers

    FedEx says some eligible employees will be offered permanent transfer opportunities to other markets that have hiring needs.

    Related story: 

    FedEx begins reducing flight frequencies following poor quarter

    By Rob Moore November 14, 2022

• June 2022

  • FedEx maps out strategy to increase earnings, operating income

    New CEO Raj Subramaniam faces soaring inflation, increasing competition from Amazon and an activist investor demanding shakeups to the board, but plans to grow earnings per share by as much as 19% over the next three years, as well as increase operating income by as much as $4.5 billion. 

    By Rob Moore June 29, 2022

  • FedEx predicts sizable profit growth over next three years

    The logistics giant announced Wednesday, June 29, its new “Deliver Today, Innovate for Tomorrow” strategy as investors and analysts gathered in Memphis for the company’s 2022 investor meeting. 

    By Rob Moore June 29, 2022

• October 2020

  • Sunday delivery, more efficient networks key FedEx peak plan

    Henry Maier, president and chief executive officer of Pittsburgh-based FedEx Ground, talks about the COVID-19 package surge and preparations for upcoming holiday peak season during interview with The Daily Memphian.

    By Wayne Risher October 21, 2020

• April 2020

  • Another FedEx unit temporarily trims workforce due to COVID-19

    FedEx Office, the Dallas-based printing and office services retail outlet of FedEx Corp., is furloughing some employees because of business slowdown during COVID-19 pandemic.

    By Wayne Risher April 21, 2020

  • FedEx Freight temporarily trimming workers due to weak volumes

    FedEx Freight says it will offer "voluntary furlough opportunities" to a small percentage of workers to offset declines in volume due to the COVID-19 pandemic.

    By Wayne Risher April 13, 2020

  • FedEx Freight HQ relocating to Southwind area

    FedEx Freight, the less-than-truckload unit of Memphis-based FedEx Corp., is moving its headquarters to Southwind, near the FedEx Express world headquarters.

    By Wayne Risher April 02, 2020