FedEx

FedEx Corp. announced it would cut 1,000 jobs worldwide as a result of cost-cutting measures to deal with the tough economy. (FDX) More: continued here

The company also announced additional cost cuts, including reducing capacity at its FedEx Express and FedEx Freight units, and slashing personnel and work hours. More: continued here

A former FedEX employee allegedly broke into two of a different delivery company’s trucks in the Slidell area and stole drugs that were supposed to be delivered to residents, authorities said Friday…. More: continued here

FedEx Ground’s average daily small-parcel delivery volume rose 2% year over year for the third quarter ended Feb. 28, driven mostly by increases in the company’s FedEx Home Delivery service, the company says. More: continued here

March 19 (Bloomberg) — FedEx Corp. , the second-largest U.S. package-shipping company, said quarterly profit slid 75 percent, more than analysts expected, and sales fell for the first time in at least a decade in the worsening economy. More: continued here

FedEx said Thursday its fiscal third-quarter profit tumbled 75 percent as severe weakness in the global economy offset the benefit of lower fuel prices. The company said it will eliminate more jobs and make other cutbacks to deal with the ongoing economic slowdown. More: continued here

(Corrects name of analyst’s firm in third paragraph.) March 19 (Bloomberg) — FedEx Corp. , the second-largest U.S. package-shipping company, rose as much as 8.5 percent after executives said they don’t expect a “further significant decline” in the U.S. economy this year. More: continued here

FedEx Corp reported third quarter earnings on Thursday and said it expects further staff reductions. More: continued here

Package delivery giant and economic bellwether FedEx Corp reported a 75 percent drop in profit due to the global recession, gave a low quarterly outlook and said it was taking fresh actions to cut costs. More: continued here

FedEx Corp. said Thursday it plans to cut more jobs and trim wages again, as the company reported its fiscal third-quarter profit tumbled 75 percent on severe weakness in the global economy. More: continued here