Transport Topics (Sept. 21, 2021)
FedEx announced a plan to spend more than $100 million to improve its delivery van safety. Improving safety and installing cameras will reduce costs from accidents, which drag on short-term earnings at a time when the courier also is facing rising wage costs and other expenses. FedEx’s ground unit is offering to reimburse its contract drivers up to $1,500 per vehicle to install cameras and sensors that warn drivers of obstacles or other vehicles. The ground unit of FedEx operates about 72,000 vehicles. Approved suppliers include Brigade Electronics Group Plc and Continental AG.