With a plan by FedEx to merge two of its biggest lines, the CEO has signaled that it could use more contractors for deliveries in the future.
Shipping giant FedEx has announced more changes after the company said it would merge two of its largest businesses - its Ground unit and the Express business - also signaling a possible future of more contractor reliance.
During a recent investor call, the company announced that it plans to go to a"hybrid" model using a mix of employees and contractors in the new combined business. The company's Ground unit brought significant cost savings by using contractors in that model. Analysts say with the contractor model potentially offers a marked labor-cost benefit. The company could possibly lean more toward complete reliance on contractors to execute deliveries.
The company's CEO Raj Subramaniam said,"We are at a pivotal moment in the history of FedEx as we enter our 50th year."
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The biggest issue with AI will be how people interact with it, says former Google CEO Eric SchmidtEric Schmidt, former Google CEO and chairman, joins 'Squawk Box' to discuss the future of AI, and the risks and rewards associated with the transformative technology.
Read more »
Cardano (ADA) Might Get New AI Focus, Cardano Founder Drops HintCardano founder IOHK_Charles may have more diverse plans for ChatGPT's integration
Read more »
US inflation data to test market’s bets on future Fed easing By Reuters*U.S. INFLATION DATA, BANK EARNINGS THIS WEEK TO TEST MARKET’S BETS ON FUTURE FED EASING $DIA $SPY $QQQ 🇺🇸🇺🇸
Read more »
Rivian CEO says CarPlay integration could come if users really want itRivian's CEO shared in an interview why its company does not support CarPlay and why he thinks in-house software solution is better.
Read more »