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FedEx to cut hundreds of jobs as it streamlines its US operations

Move is part of a 30% planned reduction of its US distribution hubs in the next two years
FedEx workers at a delivery station ready to deliver packages. The delivery company has begun a network consolidation in which it plans to close 30% of its parcel terminals within two years. (FedEx)
FedEx workers at a delivery station ready to deliver packages. The delivery company has begun a network consolidation in which it plans to close 30% of its parcel terminals within two years. (FedEx)

Logistics provider FedEx is readying to slash nearly 500 jobs and close two of its U.S. facilities as part of a massive consolidation of its business.

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