"FedEx, like global rival United Parcel Service Inc, is investing billions of dollars to cope with the boom in low-margin residential deliveries, which account for just over half of total package volume versus 20 percent in 2000," Lisa Baertlein reports for Yahoo! Finance. "Taking small numbers of packages the 'last mile' to shoppers' doorsteps and far-flung homes is more costly than delivering scads of envelopes and packages to office buildings - the latter of which has been the Memphis-based company's bread and butter."
FedEx said the drivers are meant to be a flexible supplement to its existing workforce. Some experts say the move is a response to Amazon, which employs "Flex" drivers $18-$25 an hour (no benefits) to deliver packages from their own cars.
from The Rural Blog http://bit.ly/2KzPQFc FedEx to hire 700 part-time rural and residential drivers - Entrepreneur Generations
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