FedEx streamlines transportation network by closing 29 sites and putting employees on leave as U.S. container congestion disappears due to declining imports
According to the latest monthly Global Port Tracker released by the National Retail Federation (NRF) and Hackett Associates, congestion at major U.S. container ports has largely disappeared as import levels have declined amid an economy fraught with uncertainty. As demand continues to fall, FedEx Freight is closing 29 locations in its network and implementing another round of temporary furloughs.