[Stay on top of transportation news: Get TTNews in your inbox.] FedEx Freight informed team members internally May 1 that it will be closing 29 freight locations and furloughing certain job classes.

FedEx Corp. suspended about 1,400 customers of its Freight shipping service earlier this month, a move that surprised customers and was aimed at easing a congested network taxed by relentless package ...

FedEx Corp. announced today it would re-brand its two LTL operating companies, American Freightways (AF) and Viking Freight, as FedEx Freight. They will continue to maintain separate operations to ...

FedEx Corp. has announced plans to separate FedEx Freight into its own publicly traded company. The separation will be completed within the next 18 months and will "allow for more customized ...

Shares of FedEx Corp. stumbled at the opening bell Wednesday amid concerns that slower freight demand could weigh on the shipping giant’s earnings. J.P. Morgan downgraded FedEx to neutral from ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min In late May, FedEx Freight is ...

The pending spin-off of FedEx Corp.’s less-than-truckload division could come with a change in pricing strategy and risk for other publicly traded LTL carriers, an analyst said January 23. Executives ...

MEMPHIS, Tenn. - FedEx announced that it will close 29 of its Freight locations and consolidate its operations into other locations. FedEx said that the furlough for certain job classes, starting May ...

FedEx Corp. named Marshall Witt chief financial officer of FedEx Freight effective Oct. 15 as the unit prepares for its planned spinoff. Witt, a former FedEx executive and recent TD SYNNEX CFO, brings ...

The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how air freight and logistics stocks fared in Q1, starting with ...

Editor's note: This story has been updated to show FedEx clarified there have been four rounds of furloughs at FedEx Freight since November. FedEx Freight is closing 29 locations later this year and ...