FedEx braces for 50% cut in Postal Service air contract

FedEx braces for 50% cut in Postal Service air contract

From the article: "...FedEx Corp. expects its air express unit will lose half of its business with the U.S. Postal Service when an existing contract expires, making more pilots expendable, FreightWaves has learned. The Postal Service three years ago began shifting a large amount of volume from air to ground transportation to reduce red ink and become more competitive. Declining postal volumes have been a significant drag on FedEx Express’ recent performance, company officials publicly acknowledge. ...loss of a substantial portion of Postal Service work means FedEx (NYSE: FDX) will have 200 to 300 more excess pilots by October, said the flight operations chief. The cargo airline plans to lower guaranteed flight hours for pilots and offer early retirement packages..."

Article Reference: www.freightwaves.com

FedEx delivery van crashes leaving driver dead

FedEx driver dies: Van hits power pole in Upper Tumon

From the article: "...The man, identified by Guam Memorial Hospital officials as Roland Reyes, 40, was driving a FedEx delivery van southbound on Marine Corps Drive...."

Article Reference: www.guampdn.com

Nearly 200 Pounds of Marijuana delivered to wrong address

Fed Ex Delivers 200 Pounds of Marijuana to Wrong Address

From the article: "...A Fed Ex screw up this week led to police arresting a Baltimore man on distribution and smuggling charges, and the end of a major marijuana ring. ..."

Article Reference: www.choosehelp.com

FedEx to hire seasonal workers

FedEx to add 20,000 seasonal workers, sees shipping up 13 pct

From the article: "...FedEx can add the same number of seasonal workers as last year because it has been hiring staff throughout 2012, especially at the Ground and SmartPost divisions that will handle the bulk of the holiday volume, said T. Michael Glenn, executive vice president of market development and corporate communications...."

Article Reference: www.reuters.com
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