FedEx Supply Chain closing four facilities as customer contracts …
Mar 28, 2022 · FedEx Supply Chain, a FedEx subsidiary that provides various third-party logistics services, is ending operations at four facilities in California, Pennsylvania and Tennessee this year due to the expiration of customer contracts, according to a statement.
FedEx to consolidate stations, delivery routes in ... - Supply Chain …
Jun 29, 2022 · MEMPHIS, Tenn. — FedEx will consolidate portions of its network and promote more collaboration between its shipping segments under a new long-term strategy unveiled Wednesday. The logistics giant’s plan, known as “Network 2.0,” is meant to optimize the resources of FedEx Express, Ground and Freight.
FedEx plans layoffs at 5 facilities, impacting 843 employees
Aug 15, 2023 · FedEx will enact layoffs at five facilities over the next few months, impacting 843 employees, according to Worker Adjustment and Retraining Notification (WARN) Act notices. Two layoffs involve FedEx Ship Centers as the company moves forward with its network consolidation plan for its Express and Ground units.
FedEx CEO touts 'scaled network' as supply chain challenges loom
Dec 19, 2024 · FedEx reported a mixed quarter Thursday after close and announced it plans to spin off its freight business into another publicly traded company, FedEx Freight. In a …
FedEx News and Resources - Supply Chain 24/7
Dec 23, 2024 · FedEx announced plans to spin off FedEx Freight into an independent, publicly traded company within 18 months.
FedEx reorganizes to focus on flexibility, efficiency, intelligence
Apr 6, 2023 · Major changes are coming for Memphis-based global freight transportation and logistics services provider FedEx, with the company announcing that, effective June 2024, it will consolidate all of its operating companies into a single organization.
FedEx invests in AI robotics company Nimble to boost its supply chain ...
Sep 5, 2024 · FedEx said on Thursday it has invested in AI robotics and autonomous technology company Nimble to help scale up the delivery giant's Fulfillment unit which aids small and medium-sized businesses...
FedEx Supply Chain facility announces layoffs in York County
Dec 20, 2024 · According to a WARN Notice filed with the Department of Labor & Industry, the FedEx Supply Chain, Inc. facility on 2901 Black Bridge Road in York County will be laying off 70 employees in the...
Industry Experts Weigh In on FedEx 2.0 Consolidation Strategy
Jun 18, 2024 · With its long planned-out focus on consolidating its operating companies into a single organization, the heavy lifting is now under way for Memphis-based global freight transportation and logistics services provider FedEx.
FedEx Corporation To Spin-Off FedEx Freight Business In 1H26
On December 19, 2024, FedEx Corp. (NYSE: FDX, $278.66, Market Capitalization: $67.1 billion) announced that its Board of Directors had concluded a comprehensive assessment of the role of FedEx ...