FedEx hikes package rates, details cost cutting as demand weakens globally
The company said that its Express, Ground and Home Delivery rates will increase by an average of 6.9%.
For its fiscal 2023, the company expects total cost savings of $2.2 billion to $2.27 billion.
Last week, the company’s stock sank after it posted preliminary revenue and earnings that fell short of Wall Street expectations.
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https://www.cnbc.com/2022/09/22/fedex-fdx-reports-q1-earning…