U.S. Freight Logistics Industry Recession Continues with Some Hopeful Signs
Supply Chain Matters
MAY 22, 2023
Spot rates for the Shanghai to Los Angeles shipping lane segment reportedly averaged $1823. Reportedly as of February, 12,000 FedEx positions were eliminated including a 10 percent reduction in corporate staff and the established goal is to save $4 billion in costs in fiscal 2025, and a cumulative $6 billion in costs by 2027.
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