FedEx Freight informed team members internally May 1 that it will be closing 29 freight locations and furloughing certain job classes.

FedEx announced that it will consolidate 29 of its Freight locations into other Freight operations.

FedEx will spin off FedEx Freight as a new, publicly traded company over the next 18 months, it said on Thursday.

FedEx is rolling up several operating divisions under one roof as the freight and shipping conglomerate aims to reduce $4 billion in costs by fiscal 2025. This phased transition will bring air ...

FedEx announced the much-anticipated spinoff of its freight trucking division today, as it restructures its operations to focus on its core delivery business.

Experts say bundled agreements for LTL and parcel delivery services from the carrier are on the outs, potentially incentivizing customers to explore other trucking options.

The son of the late FedEx founder has been nominated to the board of directors, in what could be an initial step in his succession to CEO.

FedEx Freight announced it is closing and consolidating 29 locations and implementing another round of furloughs. Here's what we know.

FedEx is targeting its European operation in the next round of cost cuts. Combining U.S. ground and Express networks requires ...

FedEx Corp. on Dec. 19 announced its intent to spin off its FedEx Freight unit into a separate company, creating the largest publicly traded LTL carrier in North America in the process.

FedEx Freight announced that it will furlough an unspecified number of employees to make up for slowing demand. The shipping giant's less-than-truckload (LTL) division will continue to offer ...

FedEx will spin off FedEx Freight as a new, publicly traded company over the next 18 months, it said on Thursday.