[Stay on top of transportation news: Get TTNews in your inbox.] FedEx Freight informed team members internally May 1 that it will be closing 29 freight locations and furloughing certain job classes.

Add Yahoo as a preferred source to see more of our stories on Google. Click here to read the full article. FedEx is rolling up several operating divisions under one roof as the freight and shipping ...

FedEx Corp. plans to spin off FedEx Freight and create a new publicly traded company within the next 18 months. The move will allow each company to continue to pursue its own growth strategies, with ...