FedEx to make further cuts to boost profits by $1.7bn
FedEx Corp is planning more cost-cutting as it attempts to prop up stalling profits and keep investors happy with larger dividend payments.
Read MoreTag: FedEx Corp
The week that was: 21 September 2012
Summing up the biggest stories of the week on Post&Parcel, including Brazil’s latest postal strike, FedEx struggles and Yodel’s change of leadership.
Read MoreFedEx plans further cost-cutting in express network
FedEx chairman Fred Smith blamed policy decisions in Europe and America for slowing global trade, as his company today cut its guidance on expected earnings for the rest of this year.
Read MoreTeamsters demand independent chairman on FedEx board
The Teamsters in the United States are once again urging FedEx shareholders to back its demands for an independent chairman at the Memphis-based integrator at this month’s annual meeting.
Read MoreFedEx steps up aircraft emission reduction targets by 50%
FedEx Corp has adopted a more “aggressive” target to improve the environmental impact of its air fleet.
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