Home / FedEx / FedEx and UPS gear up for more tough times (Post-Tribune)

FedEx and UPS gear up for more tough times (Post-Tribune)

Despite gaining new customers from the shrinking U.S. presence of DHL and lower fuel prices, the world’s two largest package delivery companies are battening down the hatches as they prepare for weak global economic conditions to get even worse. FedEx Corp. said Thursday it will cut more jobs and trim wages again, after reporting its fiscal third-quarter profit tumbled 75 percent on sliding …

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