Why did deal between FedEx and pilot union collapse?
The news Monday left some wondering if a strike by FedEx pilots was imminent.Related story:
There are 8 article(s) tagged Satish Jindel:
The news Monday left some wondering if a strike by FedEx pilots was imminent.Related story:
FedEx confirmed during the company’s December 2022 earnings release that it will try to cut costs by more than $3 billion throughout the fiscal year.
After Memphis-based FedEx shocked investors and said global trends had weakened profit and revenue, the company’s primary competitor still managed to beat financial analysts’ expectations. But how?
FedEx will raise its shipping rates across most of its segments by as much as 6.9%, the company’s single-largest rate hike in its near 50-year history.
A prolonged shutdown of the Interstate 40 bridge and boat traffic along the Mississippi River could have major consequences for businesses in the Memphis area and beyond. But no one knows for sure yet how significant those consequences will be.
Supply chain disruptions have made it more expensive to buy some consumer products. Other goods, when they can even be found, are taking longer to get delivered to buyers.
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.
Analysts and a shipping industry consultant dissect FedEx Corp.'s longtime mantra of "operate independently, compete collectively" in view of flagship FedEx Express unit's recent difficulties.
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