FW: FedEx Freight to begin driver furloughs Sunday

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…

To read the full post, please click here.

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“.