CBS: FedEx founder Fred Smith: An 'overnight' success (VIDEO)
CBS News reports: When Fred Smith started his next-day delivery company Federal Express in 1973, flying ...
“While wage rates are higher, the more significant impact is the widespread inefficiencies in our operation from constrained labor markets. To illustrate this, I’d like to share a brief example from FedEx Ground. Our Portland Oregon hub is running with approximately 65% of the staffing needed to handle its normal volume. This staffing shortage has a pronounced impact on the operations, which results in our teams diverting 25% of the volume that would normally flow through this hub because it ...
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