FedEx Prioritizes Existing Clients Amid UPS Strike Fears

July 21, 2023

In the event of a potential Teamsters strike at UPS Inc., shippers without existing relationships with FedEx Corp. may struggle to arrange shipments. FedEx plans to prioritize UPS accounts that also deal with FedEx. This is because FedEx already services these dual-account locations, says Adi Karamcheti, senior consultant at Shipware LLC. On-demand pickups may be affected, possibly leading to congestion at drop-off points. FedEx is also seeking three-year contracts with penalties for early termination. While negotiations between UPS and the Teamsters are set to resume, the current contract expires on July 31, threatening potential disruption to shipping services.

Source: FreightWaves

 FedEx just appointed its new CFO, John Dietrich.

He's the former CEO of Atlas Air Worldwide Holdings taking shares from below $20 to $102 when it was sold in 2023.

Investors are happy with the move and shares are already moving up.

Labor unrest at UPS could be a factor also. pic.twitter.com/llz4fYVE7e— Noor Chopra (@noorg420) July 18, 2023 

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