[Stay on top of transportation news: Get TTNews in your inbox.] FedEx Freight informed team members internally May 1 that it will be closing 29 freight locations and furloughing certain job classes.

FedEx Corp. suspended about 1,400 customers of its Freight shipping service earlier this month, a move that surprised customers and was aimed at easing a congested network taxed by relentless package ...

Editor's note: This story has been updated to show FedEx clarified there have been four rounds of furloughs at FedEx Freight since November. For the fourth time in six months, FedEx Freight has ...

MEMPHIS, Tenn. - FedEx announced that it will close 29 of its Freight locations and consolidate its operations into other locations. FedEx said that the furlough for certain job classes, starting May ...

On December 19, 2024, FedEx Corp. (NYSE: FDX, $278.66, Market Capitalization: $67.1 billion) announced that its Board of Directors had concluded a comprehensive assessment of the role of FedEx Freight ...

The rise of e-commerce continues to disrupt logistics and supply chain operations, driving the need for faster, more efficient delivery models. As consumer demands evolve, traditional freight methods ...

FedEx would create two standalone companies; stock rallies 8% on the news FedEx Corp. said late Thursday it plans to spin off its FedEx Freight unit and create two publicly traded standalone companies ...

In recent days, FedEx amended its US$3.5 billion credit agreements with major banks to prepare for the planned spin-off of FedEx Freight by June 2026 while managing operational changes after grounding ...