FedEx announces additional $1 billion in cost cuts following weak quarter

By , Daily Memphian Updated: December 20, 2022 11:50 PM CT | Published: December 20, 2022 4:15 PM CT

FedEx has identified an additional $1 billion in cost savings beyond its September forecast and now expects to generate savings of $3.7 billion.


FedEx Raj Subramaniam Mike Lenz
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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