FedEx To Lay Off 1700 Employees And Close 100 Centers

By Scott Sarvay

September 16, 2010 Updated Sep 16, 2010 at 4:25 PM EST

UNDATED (Indiana's NewsCenter) - Even though shipping giant FedEx more than doubled its first quarter earnings, the company will lay of 1,700 employees.

FedEx will also close more than 100 centers, although it's not known which facilities are targeted.

The company is losing money on its truck shipping, so it will consolidate its freight and less-than-load operations.

Most of the profits come from FedEx’s International Priority sector.

What are your thoughts CLICK HERE to leave us a "QUESTION OF THE DAY” comment.

Want to be in the know for the next weather event, the next school closing or the next big breaking news story?

TextCaster alerts from 21Alive.com are your defining source for instant information delivered right to your cell phone and email. It's free, easy and instant. Sign-Up Now!

Powered by Summit City Chevrolet

© Copyright 2015, A Granite Broadcasting Station. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

To submit a comment on this article, your email address is required. We respect your privacy and your email will not be visible to others nor will it be added to any email lists.