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FEDEX BEGINS TO DOWNSIZE

Posted by julian on February 11, 2009 in Airlines, Export

FedEx’s trucking unit, FedEx Freight is slashing its workforce by 900 positions. This is on top of cutting back salaries, bonuses and suspending its 401(K) match. LTL trucking has hit the skids and Yellow transportation, the nation’s largest trucker, is teetering on bankruptcy. Some are faring better, but all are agreed this recession is long-term [...]

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