FedEx closing more locations, planning to furlough employees ...Middle East

FedEx announced on Monday that it will close 29 Freight locations, furloughing another round of employees as a result of slowing demand.  The closures are expected to occur by August 13th, and the company will consolidate its operations into other FedEx locations, according to Commerical Appeal.   “We continuously review our network to ensure we have the right design to address changing market dynamics,” FedEx said in a statement. “Through that process, we identified opportunities to consolidate operations in several locations to improve customer service levels and improve efficiencies with fewer touchpoints, while lowering our cost to serve." "Our top priority is to help affected

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