FedEx Freight Unit Furloughs Workers as Cargo Demand Slows
A FedEx worker sorts packages at the FedEx Oakland Airport facility in Oakland, California.
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FedEx Corp.’s freight unit is putting workers on furlough in some US markets, adding to mounting evidence of a cargo slowdown as the company joins other large employers trimming their ranks.
The furloughed workers will continue to receive health benefits, the courier said Monday in an emailed statement. Some of the affected employees will be offered permanent transfers to areas that are still hiring.