FedEx, the Memphis, Tenn.-based delivery giant, this morningWhy it matters:
The move reflects increased financial pressures on delivery companies as labor costs grow, pandemic-era volume abates and a possible recession looms. It's also a major shift from the vision of FedEx founder and former CEO Fred Smith, who extolled the virtues of the independent business units with their own management teams.FedEx says the consolidation will be completed by July 2024. It also announced a 10% dividend increase and changes to executive compensation."The new structure more closely resembles that of FedEx's chief rival, United Parcel Service, which has long run a single network to handle air and ground shipments.
So they're all applying for their jobs again, then.
Good. Time for the Teamsters to organize FedEx.
Will this make ground better or express worse
Can you imagine the divisional infighting that underlies this action.
Expect even more delays in service
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
FedEx stock gains after company announces dividend boost, plans to consolidateFedEx Corp. plans to consolidate its operating companies into a single organization, it announced Wednesday. The logistics giant sees the move, which will...
Источник: MarketWatch - 🏆 3. / 97 Прочитайте больше »
Stocks making the biggest moves premarket: Johnson & Johnson, FedEx, Zions and moreFedEx's shares gained more than 2% before the bell after announcing a dividend hike and a corporate reorganization. i have some news yall may be curious about
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »
STOCK MARKET NEWS: FedEx cost cuts, ADP jobs data, Walmart investor day, gold nears recordInvestors digest ADP’s private sector jobs report ahead of Friday’s government data, Walmart hosts investor day, FedEx shakeup combines units in cost saving move, J&J shares rise on talc lawsuit settlement, gold nears all-time high. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. Do you think $FDX increasing its dividend makes it still worthwhile in the portfolio? Don't you love it when Larry Fink or someone from Black Rock comes on. That Elizabeth Claiborne and gasparino almost immediately dropped their knees like a rat eating cheese. It's embarrassing their slobbering all over him Reduce Fedex expenses means layoffs and Walmart replace by robots or AI 2024 -2026
Источник: FoxBusiness - 🏆 458. / 53 Прочитайте больше »