Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

FedEx Corp (FDX) said last week that a surge in new Omicron infections had led to staff shortage and delays in shipments transported on aircraft.

“The explosive surge of the COVID-19 Omicron variant has caused a temporary shortage of available crew members and operational staff,” the package delivery company said in a statement.

FedEx said heavy winter storms across the country, including at its main air hub in Memphis, Tennessee, were causing disruptions and it was implementing contingency plans and operation adjustments to minimize them.

Severe winter conditions coupled with the rapid Omicron spread posed a challenge for other delivery firms as well.

“Recent weather events in the Louisville, Kentucky and Philadelphia, Pennsylvania areas caused some delivery delays,” a spokesperson for United Parcel Service Inc was quoted as saying by Reuters.

Yet, the firm said it had contingency plans in place.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Commodity Market: Gold hits a fresh 33-week low as rising US bond yields reduce the metal’s appealCommodity Market: Gold hits a fresh 33-week low as rising US bond yields reduce the metal’s appeal Spot Gold extended losses from the prior several trading days on Friday, while hitting a fresh 33-week trough, as the recent surge in US bond yields continued to weigh on demand for the safe-haven metal.Gold also looked set to […]
  • Accenture announces acquisition of AmmagammaAccenture announces acquisition of Ammagamma Accenture said on Tuesday that it had agreed to buy Ammagamma, a Modena, Italy-based company that helps businesses advance their uses of AI.The financial details of the agreement, however, were not disclosed.Established in 2013, […]
  • Nissan pushes back EV target, Ghosn skeptical over fuel-cell technologyNissan pushes back EV target, Ghosn skeptical over fuel-cell technology Carlos Ghosn, the CEO of Nissan and Renault confirmed today that both companies would push back by two to three years an initial target to sell a combined 1.5 million electric vehicles by March 2017.While Nissan has moved back its EV […]
  • Forex Market: AUD/USD daily trading outlookForex Market: AUD/USD daily trading outlook Yesterday’s trade saw AUD/USD within the range of 0.6974-0.7095. The pair closed at 0.7064, shedding 0.15% on a daily basis. It has been the 14th drop in the past 26 trading days. The daily low has been the lowest level since January 26th, […]
  • AUD/USD hits 1-week low as Fed reinforces hawkish stanceAUD/USD hits 1-week low as Fed reinforces hawkish stance The Australian Dollar retreated to a fresh one-week low against its US counterpart on Thursday, after the Federal Reserve left interest rates intact, but toughened a hawkish monetary policy stance.As a result, the US Dollar scaled a […]
  • Forex Market: AUD/JPY daily forecastForex Market: AUD/JPY daily forecast During Friday’s trading session AUD/JPY traded within the range of 95.81-96.51 and closed at 95.97.Fundamental viewAt 0:30 GMT on Monday the Australian Industry Group (AIG) is expected to announce the results from its survey on […]