FedEx to cut costs, hike rates in battle against flagging demand

Company looking to cut $2.7B in costs

Photo/Bloomberg

FedEx Corp. is cutting flights, deferring projects and closing offices as it seeks as much as $2.7 billion in savings to tackle challenges including slowing demand and a tight labor market. The courier is also planning to raise shipping rates in an effort to regain its footing after shocking Wall Street last week by withdrawing […]

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