Posts tagged Fed Ex
From Amazon warehouse to port strikes, shippers and the DOT are preparing for an unpredictable 2025
January 2, 2025 // In recent years, the logistics industry has become familiar with "black swan" events, the biggest being Covid, which brought the global supply chain to a halt. The lessons learned during the pandemic led to new digital solutions for companies to track trade and solve for the lack of communication and data sharing that contributed to massive congestion at ports. Those solutions will continue to play a major role in dealing with trade disruptions.
UPS strike: Organizations ask White House to intervene to prevent strike that could cost billions
July 21, 2023 // More than 250 organizations signed the letter to voice their worries about the likely strike. “Given the debilitating impact of a strike on American families and the economy, we urge your Administration to provide the support necessary to help the parties reach a new agreement by the August 1 deadline,” the letter read. It went on to note that the strike would harm the U.S., considering UPS moves $3.8 billion in goods per day, or about 20 million packages a day. If the strike lasted for 15 days, the American economy could lose $55.5 billion, according to one study cited in the letter. In only five days, the strike could cost $15.8 billion. Additionally, the delivery service’s competitors cannot pick up the slack if UPS loses more than half of its workforce in the case of a strike.
FedEx Announces Company Restructure As Pilots Picket
April 6, 2023 // FedEx Corporation will consolidate its operating companies into one unified organization, “Federal Express Corporation,” a restructuring it says will help streamline operations and enable a distinct focus on air and international volume. FedEx called the consolidation an important step in its “DRIVE” transformation, which seeks to reduce costs to the tune of $4 billion by the end of fiscal 2025, including $1.3 billion in its air network and international operations. The company’s April 5 investor call announcing the changes came as FedEx Express pilots picketed on Wall Street over continued contract negotiations that began in May 2021. As part of the executive changes effective April 16, FedEx Ground President and CEO John Smith will become president and CEO of U.S. and Canada Ground Operations at FedEx Express and assume leadership of surface operations across the FedEx Express, FedEx Ground, and FedEx Freight businesses. Additionally, Richard Smith will begin serving as president and CEO, Airline and International at FedEx Express, overseeing all other regions and FedEx Logistics.