February 9, 2009

FedEx Trims 900 Jobs at Freight Unit on Lower Demand

Filed under: FedEx,transportation,US — DF @ 4:15 pm
Tags: ,

According to Bloomberg: “FedEx Corp., the second-largest U.S. package-delivery company, is eliminating 900 jobs in its freight unit because of declining demand and “aggressive” pricing by competitors.

The cuts, equal to 2.6 percent of FedEx Freight’s 35,000 employees, are in addition to 540 jobs trimmed at the unit late last year and 650 at FedEx’s Office division.”

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