FedEx Second Quarter Financial Performance Disappoints
Supply Chain Matters
DECEMBER 27, 2023
The established goal is to save $4 billion in costs by fiscal 2025, and a cumulative $6 billion in costs by fiscal 2027. After shocking the carrier’s investors in September of 2022 with an unanticipated revenue and profitability shortfall, efforts have continued to significantly reduce costs and operating margins while shedding staff.
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