New US parcel surcharges may hasten predicted end of free shipping
Not for the first time the parcel market appears like a battleground to expand or ...
FreightWaves reports:
FedEx Freight, the nation’s largest less-than-truckload carrier, will begin furloughing an undetermined number of drivers on Sunday, the FedEx Corp. unit confirmed Wednesday.
The voluntary furloughs will run until March 6, with drivers getting a guarantee to return to work, the unit confirmed.
FedEx Freight is offering drivers a $300 weekly incentive to accept a furlough. The total payments will be made when the drivers return to work, according to the FedEx (NYSE: FDX) unit.
The number of furloughs to be allowed per service center will be disclosed internally through the week…
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This is also of interest: “LTL tonnage declines accelerate in November“.
You may also want to read, by Supply Chain Dive: “FedEx stands to benefit from new de-icing pads at key cargo airport“.
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