FedEx closing offices, deferring hiring, reducing flights after weak quarter
FedEx announced Thursday several cost-cutting initiatives including reduction in flight frequencies. (Mark Weber/The Daily Memphian file)
Citing adverse “macroeconomic trends,” FedEx CEO Raj Subramaniam announced a variety of cost-cutting initiatives, including reduction in flight frequencies and the closure of over 90 FedEx Office locations.
Topics
FedEx Corp. Raj Subramaniam FedEx GroundRob 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.
Want to comment on our stories or respond to others? Join the conversation by subscribing now. Only paid subscribers can add their thoughts or upvote/downvote comments. Our commenting policy can be viewed here.