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Apr 5, 2023 · FedEx Corp. is seeking to cut $4 billion in costs by combining its two main delivery networks, in an ambitious plan by new Chief Executive Officer Raj Subramaniam to increase profit margins. The ...
- 5 min
- Thomas Black
Mar 22, 2024 · MEMPHIS, Tenn. - After 37 years at FedEx, Gwen Smith told FOX13 she was laid off with no warning on Thursday. “It most definitely was the worst day of my career," she recalled. Smith spent most ...
Sep 14, 2023 · In particular, FedEx Express suffered a roughly $500 million revenue shortfall for the segment. FedEx responded by closing more than 90 FedEx Office locations and five corporate offices, deferring ...
Sep 21, 2023 · The company raised its earnings-per-share guidance for fiscal 2024 to a range of $17.00 to $18.50 from $16.50 to $18.50, though on a call with analysts, FedEx’s chief customer officer, Brie ...
FedEx Freight operating income increased 32% year-over-year, driven by an 18% yield increase. This was partially offset by higher salaries and employee benefits and decreased shipments. Second quarter fiscal 2022 net income included a pre-tax, noncash MTM net loss of $260 million ($195 million, net of tax, or $0.73 per diluted share) related to ...
Feb 19, 2024 · Regulatory Alert: U.S. Department of Commerce Announcement on EU Imports of Steel and Aluminum. Posted on November 3, 2021. Regulatory Alert: Shipping Gifts to the U.S. via FedEx Express 2021. Posted on November 1, 2021. Regulatory News: HS2022 Tariff Changes. Posted on August 24, 2021.
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