All articles tagged with #freight
The Mark W. Barker freighter hauling salt lost propulsion and ran aground near Belle Isle in the Detroit River. The United States Coast Guard reported that the freighter is stuck in dirt or mud, but it is a "soft aground."
FedEx Freight is set to close 29 locations and consolidate its operations into other locations effective August 13, with another round of furloughs for some employees beginning at the end of May. The company did not disclose which locations would be affected. FedEx Freight will remain a stand-alone company and continue to provide less-than-truckload freight transportation services. The cost-cutting decisions come as the logistics giant looks for greater savings due to decreasing demand and high operating costs following a series of disappointing quarterly earnings reports.
FedEx Freight is closing 29 locations and consolidating operations into other locations, effective August 13, 2023, as part of its efforts to adapt to an evolving global business environment and improve customer service levels while lowering its cost to serve. The company is also enacting an additional furlough for certain job classes beginning May 28, 2023, and eligible employees will be offered permanent transfer opportunities to other markets that have hiring needs. This is a temporary workforce adjustment, and all furloughed employees will be recalled on or before August 25, 2023.
FedEx Freight is set to close 29 locations and consolidate its operations into other locations effective August 13, while also beginning another round of furloughs for some employees at the end of May. The company did not disclose the locations set for closure. The latest round of furloughs will begin on May 28 and will impact a small percentage of total FedEx Freight employees. The cost-cutting decisions come as the logistics giant looks for greater savings due to decreasing demand and high operating costs.