FedEx closing offices, deferring hiring, reducing flights after weak quarter

By , Daily Memphian Updated: September 15, 2022 9:19 PM CT | Published: September 15, 2022 5:22 PM CT

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.


FedEx Corp. Raj Subramaniam FedEx Ground
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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