FedEx sees some gains in face of stubborn economy, other headwinds
The company spent $820 million in the second quarter and affirmed it plans to spend $5.2 billion for the year, flat on a year-over-year basis. It is investing in ways to improve its facilities and fleets, including automation. (Courtesy FedEx)
The company affirms the value of its savings programs, more than $6 billion through 2027, but downgrades earnings-per-share for the rest of the year.
Topics
FedEx second-quarter earnings Raj Subramaniam Brie Carere John DietrichJane Roberts
Longtime journalist Jane Roberts is a Minnesotan by birth and a Memphian by choice. She's lived and reported in the city more than two decades. She covers business news and features for The Daily Memphian.
Want to comment on our stories or respond to others? Join the conversation by subscribing now. Only paid subscribers can add their thoughts or upvote/downvote comments. Our commenting policy can be viewed here.