Billions of dollars in cuts seemingly help FedEx get back on track
Memphis-based FedEx’s stock was up more than 10% on the morning of Friday, March 17. (Jose Luis Magana/AP Photo)
FedEx stock was up more than 10% following an earnings release last week, with numbers high enough that the company increased its forecast for the full fiscal year.
Topics
FedEx Corp. Raj Subramaniam FedEx Ground FedEx Freight FedEx Express Subscriber OnlyThank you for supporting local journalism.
Subscribers to The Daily Memphian help fund our not-for-profit newsroom of nearly 40 local journalists plus more than 20 freelancers, all of whom work around the clock to cover the issues impacting our community. Subscriptions - and donations - also help fund our community access programs which provide free access to K-12 schools, community organizations, and more. Thank you for making our work possible.
Rob Moore
Rob Moore is an Arkansas native who moved to Memphis to attend the University of Memphis. He holds a B.A. and an M.A. in English. He covers Public Companies, Transportation and Logistics, and Banking and Finance.
Want to comment on our stories? Or read the comments of others? Join the conversation by subscribing now. Only subscribers can view or add comments. Our commenting policy can be viewed here.