TFI posted in-line fourth-quarter EPS. Revenue was down in a tough operating environment.

For more than 50 years, a familylike bond has existed between FedEx management and employees. After a round of job cuts unprecedented in scope, that bond rests on shaky ground.

FedEx Freight on Friday announced the second round of temporary furloughs of drivers in past three months.

FedEx Office plans to focus on other growth opportunities after retiring its SameDay City service, FedEx Corp. says.

Las acciones suben porque la empresa se pone religiosa con la reducción de costos

Amazon posts solid revenue but retreats on operating and net income.

Wednesday’s announcement of high-level cost cuts, along with word of 12,000 job reductions in all, has sent shares soaring and analysts reevaluating opinions of the company.

The initiative has built “stickiness” with drivers, broadened access to carrier capacity and resulted in better service, according to the company’s brokerage head.

A CBRE report indicates that mega-warehouse leasing activity stayed strong in 2022 and will remain that way in 2023.

The announcement is part of a reduction of 12,000 jobs since FedEx’s 2023 fiscal year began.