Fedex Freight Employee Handbook (2024)

FAQs

Is FedEx freight laying off employees? ›

The Memphis, Tennessee-based company said it is cutting jobs and consolidating some teams to streamline its workforce and reduce structural costs. FedEx anticipates it will lay off 1,700 to 2,000 employees, reportedly costing the company between $250 million and $375 million through the 2026 fiscal year.

FedEx will consolidate all its operating companies into a single organization, effective June 2024. FedEx Corp. provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services.

FedEx. According to QuerySprout, FedEx requires employees to provide two hours of notice via phone prior to being absent or tardy for a scheduled shift. Two unexcused absences (no-call/no-shows) are tolerated, but three can result in termination.

FedEx Freight's PTO and Vacation policy typically gives 20-30 days off a year. FedEx Freight's benefits and PTO Package averages to represent a $2500+ cash value per month.

FedEx is conducting a strategic analysis of the company's less-than-truckload segment and its relative value to the company, suggesting that FedEx Freight could be sold or spun off so the company can focus on its parcel and logistics business.

Dive Insight: The layoffs come in the thick of FedEx's Network 2.0 initiative, consolidating its separate Express and Ground networks to reduce the number of stations and delivery routes it uses. By cutting facilities and routes that overlap with others, FedEx can get packages to customers in a more efficient manner.

“As the less-than-truckload industry evolves, at FedEx, we are continuing to adapt our freight network to meet forecasted demand and make adjustments that align with the evolving needs of the business,” a FedEx spokesperson told FreightWaves.

The 2024 FedEx Cup Playoffs conclude this week with the 2024 Tour Championship at East Lake Golf Club in Atlanta. The top 30 in the FedEx Cup standings will compete this week for their share of a $100 million bonus pool with $25 million going to the winner.

FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040.

Can u be Rehired if you are Terminated? Yes, the company has a policy to allow retirement. You must wait 6 months to reapply after getting fired.

How many days can you miss in FedEx? ›

Packages not picked up within 7 days will be returned to the nearest FedEx facility or shipper.

If someone is not home to sign for a direct or adult signature, the courier will leave a door tag or reattempt delivery.

FedEx Priority Overnight^®: Delivery the next business day by 10:30 a.m. to most businesses in the contiguous U.S. and by noon to residences and 5:00 p.m. to some rural areas.

Yes, they pay overtime.

FedEx employees get between 5 to 30 vacation days per year, with most employees earning 20-30 days, depending on their length of service. The number of vacation days FedEx employees get can vary based on how many years they have been with the company.

FedEx expects the layoffs to take place over the next 18 months. It is also looking at expenses of $250 million to $375 million related to these headcount reductions. This is part of its larger plan to cut $4 billion in operating costs by the end of 2025.

FedEx's odds of distress is under 8% at this time. It has tiny probability of undergoing some form of financial crisis in the near future. Probability of bankruptcy shows the probability of financial torment over the next two years of operations under current economic and market conditions.

Ruan layoffs and site closures are occurring in Q1, according to mass layoff notices. The carrier is shuttering facilities in California and Virginia, laying off at least 215 workers across the states as well as others based in West Virginia, according to Worker Adjustment Retraining Notification (WARN) Act letters.