FedEx Faces Economic Challenges, Rolls Out New Services

Jan 23, 2019

Max Garland is the Logistics reporter for the Commercial Appeal.
Credit WKNO-FM

Last December, FedEx faced a fourth-quarter plunge in stock prices, forcing the Memphis-based overnight shipping service to introduce cost-cutting measures. Employee buyouts come even as the company makes some major capital investments to its hub in Memphis, and even rolls out new services, such as the shipping of heavy freight to residences in some cities (Memphis is not among them.)

Commercial Appeal Logistics reporter Max Garland joins us to talk about why the shipping giant is being affected by national politics, and whether some of these new services are an answer to Amazon's increasing presence in the package delivery market.