Thousands of delivery workers at Australian courier company StarTrack have walked off the job for 24 hours from midnight Sept. 23 after negotiations over job security and pay broke down. Around 2,000 StarTrack employees are striking across the country after the Fair Work Commission approved the industrial action while rejecting StarTrack’s claim that it would…
Thousands of Australian Delivery Workers Strike Across the Country for Job Security
Norway Sovereign Wealth Fund Backs FedEx CEO Pay
OSLO—Norway’s $1.4 trillion sovereign wealth fund, the world’s largest, said on Wednesday it will support FedEx CEO Fred Smith’s $54 million pay package at a meeting of the logistics company’s shareholders next week. The pay of the billionaire chief executive has been challenged by a labour union over the company’s decision to cancel a bonus…
FedEx Labor Shortfall Hits Quarterly Profit, Earnings Forecast
U.S. delivery firm FedEx Corp. posted a 7 percent drop in quarterly profit and cut its full-year forecast on Tuesday, after labor shortages crimped earnings, slowed packages and drove up costs ahead of the all-important holiday peak season. Shares in the Memphis, Tennessee-based company fell 4.6 percent to $240.50 in extended trading after FedEx said staffing…
FedEx Faces Labor Union Challenge Over Billionaire CEO’s Pay
FedEx Corp shareholders should reject founder and CEO Fred Smith’s $54 million pay package because the logistics company gave him stock options after scrapping a cash bonus in the wake of the COVID-19 pandemic, only to reinstate it later, the Teamsters labor union said on Friday. Smith, whose net worth is pegged by Forbes at…
Police: Indianapolis FedEx Shooter Not Racially Motivated
INDIANAPOLIS—The former employee who shot and killed eight people at an Indianapolis FedEx warehouse in April acted alone and was not racially or ethnically motivated, authorities said Wednesday. Brandon Scott Hole, 19, used the April 15 attack as an act of “suicidal murder” and believed he would “demonstrate his masculinity and capability” while fulfilling a…
Another Mass Shooting
Commentary The first question most people ask after mass shootings like the one last week at a FedEx facility in Indianapolis in which a 19-year-old male murdered eight people before taking his own life is “how did he get the gun?” He was known to authorities. A gun he previously owned was seized because he was believed to have…
Police Identify Gunman in FedEx Shooting
INDIANAPOLIS—The FBI says that last year it questioned the man who fatally shot eight people at a FedEx plant in Indianapolis. The shooter was identified as Brandon Scott Hole, 19, of Indiana. Paul Keenan, the special agent in charge of the FBI’s Indianapolis field office, said Friday that agents questioned Hole after his mother called…
Police Identify Suspect in Indianapolis FedEx Mass Shooting
INDIANAPOLIS—FBI agents last year interviewed the gunman who fatally shot eight people at a FedEx facility in Indianapolis, the bureau said Friday, as investigators searched the home of the 19-year-old former FedEx employee. Coroners began the slow process of identifying the victims as family members spent hours agonizing over word of their loved ones. The…
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