FedEx announces $2 billion in cost-cutting measures, rate increases

Updated: September 23, 2022 6:44 PM CT

FedEx hopes to generate a total cost savings of $2.2 billion to $2.7 billion in 2023. (Mark Weber/Daily Memphian file)

In 2023, FedEx hopes to generate total cost savings of $2.2 to 2.7 billion, and the Memphis-based company plans increase some of its rates.

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