FedEx Freight ready to trade
PRESS RELEASE FedEx Completes Spin-Off of FedEx Freight Creates Two Independent, Industry-Leading Public Companies Positioned to Deliver ...
WTC: ANOTHER DIFFICULT WEEK CHRW: NEW PRODUCT LAUNCHDSV: LEADING THE DROP RXO: CRATERINGDSV: WHAT TO LIKEDSV: BULLISH BAMZN: 'AI EDGE'HD: HERE IS HOW IT LOOKSAMZN: REG RISKMAERSK: MOST HARMED
WTC: ANOTHER DIFFICULT WEEK CHRW: NEW PRODUCT LAUNCHDSV: LEADING THE DROP RXO: CRATERINGDSV: WHAT TO LIKEDSV: BULLISH BAMZN: 'AI EDGE'HD: HERE IS HOW IT LOOKSAMZN: REG RISKMAERSK: MOST HARMED
FedEx Freight is to furlough a “small number of employees” as it faces a decline in freight volumes. It said adjustments would be made on a location-by-location basis, driven by volumes. Staff initially will be given the chance to volunteer to furlough. Health benefits would be extended up to four months for furloughed employees, rather than 30 days, and idled workers would maintain eligibility for expanded state and federal unemployment benefits under the Coronavirus Aid, Relief and Economic Security Act. The Daily Memphian reports.
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