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FedEx paints belt-tightening picture in earnings miss

Capital investments 'dire' for future growth, CEO says

By Updated: September 18, 2019 8:37 AM CT | Published: September 17, 2019 3:48 PM CT
<strong>A FedEx plane passes low over Shelby Drive as it lands at Memphis International Airport. Quarterly earnings have fallen short of Wall Street expectations.</strong> (Jim Weber/Daily Memphian)

A FedEx plane passes low over Shelby Drive as it lands at Memphis International Airport. Quarterly earnings have fallen short of Wall Street expectations. (Jim Weber/Daily Memphian)

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FedEx FedEx Express Transportation And Logistics
Wayne Risher

Wayne Risher

Business news reporter, 42-year veteran of print journalism, 34-year resident of Memphis, University of Georgia alumnus and proud father and spouse of University of Memphis graduates.

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