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

By , Daily Memphian Updated: September 23, 2022 6:44 PM CT | Published: September 22, 2022 3:26 PM CT

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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FedEx Corp. Mike Lenz FedEx Express FedEx Ground Raj Subramaniam
Rob Moore

Rob Moore

Rob Moore is an Arkansas native who moved to Memphis to attend the University of Memphis. He holds a B.A. and an M.A. in English. He covers Public Companies, Transportation and Logistics, and Banking and Finance.


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