FedEx sees some gains in face of stubborn economy, other headwinds
The company spent $820 million in the second quarter and affirmed it plans to spend $5.2 billion for the year, flat on a year-over-year basis. It is investing in ways to improve its facilities and fleets, including automation. (Courtesy FedEx)
The company affirms the value of its savings programs, more than $6 billion through 2027, but downgrades earnings-per-share for the rest of the year.
Topics
FedEx second-quarter earnings Raj Subramaniam Brie Carere John DietrichJane Roberts
Jane Roberts has reported in Memphis for more than 20 years. As a senior member of The Daily Memphian staff, she was assigned to the medical beat during the COVID-19 pandemic. She also has done in-depth work on other medical issues facing our community, including shortages of specialists in local hospitals. She covered K-12 education here for years and later the region’s transportation sector, including Memphis International Airport and FedEx Corp.
Comments
Want to comment on our stories? If you’re a subscriber, scroll down to the comments. If you’re not a subscriber, only paid subscribers can add their thoughts, so subscribe now. Our commenting policy can be viewed here.