FedEx said it is important to cut fiscal 2023 costs to align with weaker-than-expected volume. American transport company FedEx (NYSE: FDX) plans to cut more costs as lower demand continues to affect the company’s profits. FedEx said it would cut $1 billion more in cost as weak demand hurt its quarterly profit. This comes after a September announcement about cost-cutting measures amid the global softening market. These measures included parking planes and the closure of some offices. At the time, the company also upped its delivery rates. It increased its Express, Ground, and Home Delivery rates by an average of
Go to Source
Author: NixCoin