FedEx paints belt-tightening picture in earnings miss
Capital investments ‘dire’ for future growth, CEO says
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)
Memphis-based FedEx Corp. on Tuesday, Sept. 17, reported earnings for the June-August quarter.
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FedEx FedEx Express Transportation and logistics
Wayne Risher
Business news reporter, 43-year veteran of print journalism, 35-year resident of Memphis, University of Georgia alumnus and proud father and spouse of University of Memphis graduates.