While United Parcel Services Inc. reels from the fallout of a costly labor fight this summer and a tough parcel market, FedEx ...

FedEx shares jumped after reporting better-than-expected profit as it cut costs and gained customers from rivals.

This comes after the Memphis-based company decided to combine almost all of its ground, air, and other operations to cut $4 billion in costs. President Richard Smith announced FedEx Express ...

Last fiscal year, FedEx slashed 29,000 jobs, retired 18 planes, shuttered offices and pared back profit-sapping Sunday deliveries in a bid to cut $4 billion in permanent costs by the end of its ...

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A soft market didn’t stop FedEx from accomplishing what it set out to do to start 2023—cut costs. Despite first-quarter revenue declines of 7 percent to $21.7 billion, the Memphis, Tenn.- ...

Sept 20 (Reuters) - FedEx (FDX.N) surprised investors with a big quarterly profit beat on Wednesday after it cut costs and poached customers from rivals UPS (UPS.N) and Yellow (YELLQ.PK ...

LOS ANGELES, Sept 19 (Reuters) - FedEx Corp (FDX.N) benefited from misfortunes experienced by rivals UPS (UPS.N) and Yellow (YELLQ.PK) during its latest quarter as the global delivery firm ...

Shares of FedEx Corp (NYSE: FDX) spiked in early trading on Thursday after the company reported its quarterly results and ...

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While delivering a healthy beat on F1Q24 earnings, FedEx cut its guidance, one analyst says. The focus is on how market share gains from UPS impacted FedEx’s results, another analyst adds.