I think D.E Shaw and McKinsey Consulting are all out of ideas. This company is toast unless they make a full employee merge.
There is no merger deadline.
This phased transition, with full implementation expected in June 2024, will ultimately bring FedEx Express, FedEx Ground, FedEx Services, and other FedEx operating companies into Federal Express Corporation, becoming a single company operating a unified, fully integrated air-ground network under the respected FedEx brand.
The closing and merging of stations is by 2027
Yep , we just signed a 5 year lease on our building. I’ll be gone before that thankfully
The full implementation referred to there is on the corporate/admin side. Operational integration is slated to be ongoing until 2027.
Please cite your source?
The courier who covers where I live told me yesterday that his station just renewed their lease as well.
Definitely , markets will be different, some survive, some probably get better jobs. Express workers won’t go to ground
That’s his manager
But CDL’s don’t require a lobotomy. So there’s that.
Considering from other sources than Brown Cafe, there are more than a couple accounts of ground drivers that are making more than topped out express drivers. Sounds like many of them are getting paid equal to a beginning express driver. Benefits, vacation, retirement, etc...are not on par with a company driver as of yet, but the old joke of ground drivers getting paid $15/hr are slowly coming to an end.
Of course I disagree. You can come to the US with a poor grasp of the English language and have a CDL in a month or two.
Or teeth.
No Ground driver is getting benefits or any pay , FedEx makes sure of that , that’s the whole reason for the switch to Ground.
