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.
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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.
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