The winning attorney doesn’t think the award is big enough to constitute a nuclear verdict.
Noncontract prices will climb by 5.9% for FedEx’s Express, Ground and Freight services.
Sudden end to inbound deliveries in Albany will force shippers to seek alternatives.
You can’t blame carriers for refusing to stick by a handshake agreement to sell service at pre-negotiated rates or at a discount.
E-commerce pushes rapid growth in domestic parcel business
FedEx Freight is pointing the finger at less-than-truckload competitors for denying service to customers, which it says flooded its network and forced it to cancel certain accounts.
The company reports strong fiscal 2021 fourth-quarter results, but warns that a persistent labor shortage will drive up costs and impede productivity.
High demand and tight capacity have less-than-truckload carriers testing years of investments that are designed to handle this type of environment. Many of FedEx Freight’s service woes were captured in the data leading up its cancellation announcement.
The company will add Missouri, Illinois and Kansas and deepen coverage in Louisiana and Arkansas, effective in early September.
Customer backlash against FedEx Freight’s decision to terminate trucking service has forced the carrier to reconsider.
