For all its symbolism, FedEx Corp.’s (NYSE:FDX) June 7 announcement that it would not renew its U.S. air delivery contract with Amazon.com, Inc. (NASDAQ:AMZN) was relatively small potatoes. The decision only affects $150 to $200 million in annual revenue for Memphis-based FedEx, whose fiscal year 2019 top-line will approach, if not exceed, $70 billion.
UPS, one of the nation’s largest less-than-truckload (LTL) freight carriers with over 20,000 long-haul trucks, has applied for an exemption from two requirements of the entry-level driver training (ELDT) final rule being administered by the Federal Motor Carrier Safety Administration (FMCSA).
The ELDT rule, which goes into effect on February 7, 2020, requires behind-the-wheel and theory driver training instructors have two years’ experience and have held a commercial driver’s license (CDL) for two years.
“I don’t even know. I just made sure the truck was parked safely and just sprinted over and just was ready, made sure everybody was alright,” Scott MacPherson said.
MacPherson was driving his UPS truck on Old Morton Street in Boston on Saturday. When he encountered eight houses on fire, he did not hesitate.