FedEx announces additional $1 billion in cost cuts following weak quarter
During its first quarter 2023 earnings release in September, FedEx announced it was withdrawing its fiscal year 2023 earnings forecast. (Mark Weber/The Daily Memphian)
FedEx has identified an additional $1 billion in cost savings beyond its September forecast and now expects to generate savings of $3.7 billion.
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FedEx Raj Subramaniam Mike LenzRob 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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