In this photo FedEx logo is seen in Washington D.C., United States on February 16, 2023. Celal Gunes | Anadolu Agency | Getty Images FedEx on Thursday hiked its full-year earnings forecast as it said cost-cutting measures offset continued demand weakness at units including FedEx Express. …
FedEx on Thursday announced rate hikes and detailed its cost-cutting efforts after the shipping giant warned last week that its fiscal first quarter results were hit by weakening global demand. Shares of FedEx closed slightly higher after the earnings announcement, which was unintentionally released before the …
FedEx on Thursday withdrew its full-year guidance and announced significant cost-cutting measures following what it called softness in global volume of shipments. “Global volumes declined as macroeconomic trends significantly worsened later in the quarter, both internationally and in the U.S.,” CEO Raj Subramaniam said in the …
Containers that contains the Moderna COVID-19 vaccine are prepared to be shipped at the McKesson distribution middle in Olive Branch, Mississippi, U.S. December 20, 2020. Paul Sancya | Reuters FedEx on Thursday reported far better-than-anticipated income and revenues in its most latest quarter soon after what …
