FedEx cost-cutting hurts results
Its latest results were a surprising disappointment. But the cost-cutting measures it’s taking now should pay off down the road. More: continued here
Its latest results were a surprising disappointment. But the cost-cutting measures it’s taking now should pay off down the road. More: continued here
Representatives of FedEx Ground are still negotiating with neighbors of a proposed transportation hub on the West End, hoping to win over opponents before the Billings City Council meets Monday. More: continued here
The market didn’t like this week’s reports out of FedEx and Cintas, and that’s not good for corporate America. More: continued here
In an effort to reduce costs, FedEx said it would retire some older and less efficient airplanes. More: continued here
FedEx Corp. plans to cut cargo flights to Asia as customers accelerate their shift to the company’s slower, less expensive international services. More: continued here
FedEx reported third quarter fiscal 2013 adjusted earnings of $1.23 per share that missed the Zacks Consensus Estimate of $1.38 and decreased from the year-ago earnings of $1.55. More: continued here
Global package delivery giant FedEx Wednesday reported lower quarterly earnings and slashed its profit guidance for fiscal 2013, citing weakness in the international freight market. More: continued here
FedEx reported a quarterly profit that missed Wall Street expectations, a signal that customers worldwide continue to shift to cheaper transportation. More: continued here
FedEx Corp. today reported earnings of $1.23 per diluted share for the third quarter ended February 28, excluding business realignment costs totaling $47 million primarily related to the company’s voluntary buyout program for eligible U.S. More: continued here
MEMPHIS (TheStreet) — FedEx said Wednesday it will cut air capacity to Asia after a disappointing quarter where it missed estimates as net income fell 31%. The company said it sees continued weakness in international air freight markets and offered guidance that is below estimates for the fiscal fourth quarter and full year. In premarket…