FedEx to boost freight shipments by 5 percent this year to meet demand from US railroads
FedEx will boost its freight shipments to the US rail freight trackers by 5 to 10 percent this winter.
The airline, which also supplies its customers with its own aircraft, is expected to increase the number of freight shipments that it delivers to the United States by 10 percent to 30 percent, according to the company.
The freight deliveries include cargo from Alaska to New York, and from Los Angeles to San Francisco, as well as from Seattle to Boston.
The increase is likely to push FedEx’s overall freight shipment growth to 8 percent this spring, according the company, which expects to add 3,000 to 4,000 new jobs.
The company said the increase would come in the form of an average of 1,000 additional jobs for each of the year’s nine months, or an average monthly wage increase of $3,600.
The company is expected by analysts to report fourth-quarter earnings on Tuesday.