Transport Topics (Sept. 26, 2022)

An episode of the Transport Topics podcast, hosted by Transport Topics, titled "Transport Topics (Sept. 26, 2022)" was published on September 26, 2022 and runs 2 minutes.

September 26, 2022 ·2m · Transport Topics

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Summary

FedEx expects to save as much as $2.7 billion this fiscal year through wide-ranging cost-cutting measures in response to weakening business conditions. The courier said about $700 million of the savings will come this quarter through actions including a reduction in flight frequencies, deferred projects and the closure of some offices. FedEx also plans to increase delivery rates across its express, ground and home delivery operations by an average of 6.9% in January. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Episode Description

FedEx expects to save as much as $2.7 billion this fiscal year through wide-ranging cost-cutting measures in response to weakening business conditions. The courier said about $700 million of the savings will come this quarter through actions including a reduction in flight frequencies, deferred projects and the closure of some offices. FedEx also plans to increase delivery rates across its express, ground and home delivery operations by an average of 6.9% in January. Learn more about your ad choices. Visit podcastchoices.com/adchoices

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