FedEx to cut “thousands” of jobs in 2013, after Q2 profits sink 12%
FedEx Corp is preparing to shell out $550m to $650m next year as it looks to cut “thousands” of staff to boost company profitability.
Read MoreTag: financial results
Pos Malaysia courier business fuels 38% profit increase
Post Malaysia has said its profits grew 12% year-on-year in the three months to the end of September 2012, driven particularly by growth in its courier business.
Read MoreUPU cross-border tariff changes hit MaltaPost profits
MaltaPost has blamed changes in international mail tariffs made by the Universal Postal Union as it recorded a 32.3% drop in pre-tax profits over the past 12 months.
Read MoreUSPS makes profit in October, predicts 50% cut in losses this year
The US Postal Service made a $61m profit in October, and even achieved 5.6% growth in its mail and services revenues compared to the same month last year.
Read MoreSwiss Post profits slip 1% in first three quarters
Swiss Post Group has seen its profits slip by 1% so far this year, compared to the first three quarters of 2011, but insisted it was a “good achievement” given the state of the economy.
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