FedEx to Increase Peak Hiring 27% for ‘Unprecedented’ Season
[Stay on top of transportation news: Get TTNews in your inbox.]
FedEx Corp. plans to hire about 70,000 seasonal workers to handle the holiday surge of packages, a 27% increase from last year’s peak, in what is expected to be an unprecedented level of delivery demand.
The courier already has added thousands of workers to keep up with a jump in deliveries as people order more online because of coronavirus concerns. In the quarter through May, FedEx’s U.S. ground deliveries rose 20% from a year earlier. The company likely will match or surpass that for its fiscal first quarter, which ended in August.
To keep up with demand, FedEx also will expand Sunday delivery service to 95% of the U.S. population by mid-September and has built more automated sorting centers, including more capacity to handle oversize packages.
What are fleets doing to help attract the best possible diesel technicians to join the changing workforce environment? Host Michael Freeze speaks with Ken Boyer, dean of the Auto/Diesel Institute at Baker College, and Ralph Romero, vice president of talent management at U.S. Xpress. Hear a snippet, above, and get the full program by going to RoadSigns.TTNews.com.
“These strategic investments will help better support what is expected to be an unprecedented holiday shipping season,” Chief Operating Officer Raj Subramaniam said in a statement.
FedEx and United Parcel Service Inc. have benefited from consumers ordering more online because of the pandemic.
That’s helped propel FedEx’s shares to surge 51% this year through Sept. 2 and UPS to jump 42%, compared with an 11% rise in the S&P 500.
If the gains hold, they would be the biggest annual stock increases for both companies since 2013.
Want more news? Listen to today's daily briefing:
Subscribe: Apple Podcasts | Spotify | Amazon Alexa | Google Assistant | More
