Officials are urging drivers to find an alternative route as they work to secure the area between the I-270 split and Democracy Blvd.
Medics took one person to the hospital after a FedEx truck caught fire on Interstate 270 in the Bethesda area on Saturday night.
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 8.52% of FedEx Corp (FDX)’s shares, while financial institutions hold 79.19%.
Most of those being laid off locally work as couriers. The express shipping giant has announced job cuts in markets across the country in the past three months.
West Virginia has been abuzz about delays with package delivery service FedEx over the past few weeks, with some customers claiming that they haven't received crucial items like food and medicine in nearly a month.
John Smith, FedEx chief operating officer of U.S. and Canada surface operations, is set to lead FedEx Freight in the interim until a new CEO is named, according to a news release. The company did not issue a timeline on when a new CEO is expected to be named, but did note the FedEx Freight separation remains on track to be completed in 18 months .
The FedEx facility located on 2000 Mercer Road in Lexington will close its doors on March 3, the corporation announced in early January, leaving 122 people without employment.
More than one hundred FedEx employees spent Monday assembling meals for others in need at the corporate headquarters in Moon Township.
Nantucket's FedEx Ship Center on Airport Road will close on March 1, a company spokesperson confirmed Thursday. The location is the only one on the island.
A FedEx driver is in the hospital after a major crash in Montgomery County, Maryland, caused the delivery truck to flip onto its side and catch on fire.
With capacity declines driving more freight market gains than demand in 2025, FedEx Freight’s spin-off and march to more market share could prolong the ‘flattish’ LTL
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