‘How did it catch you so off guard?’: Investors grill FedEx CEO after troubling quarter
FedEx is cutting $2 billion in expenses in 2023 and hiking rates by nearly 7% for its Express and Ground segments. It’s FedEx’s largest general rate increase in its history. (AP file)
The shipping giant announced earlier this month that its earnings for the first quarter of fiscal year 2023 were much lower than the company’s predictions.
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FedEx Corp. Raj Subramaniam Brie Carere Mike LenzRob Moore
Rob Moore covers North Mississippi for The Daily Memphian. He holds a B.A. and an M.A. in English from The University of Memphis.
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