FedEx announces $2 billion in cost-cutting measures, rate increases

By , Daily Memphian Updated: September 23, 2022 6:44 PM CT | Published: September 22, 2022 3:26 PM CT

In 2023, FedEx hopes to generate total cost savings of $2.2 to 2.7 billion, and the Memphis-based company plans increase some of its rates. 


FedEx Corp. Mike Lenz FedEx Express FedEx Ground Raj Subramaniam
Rob Moore

Rob 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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