FedEx Corp. reported decent fiscal 2022 second-quarter results late Thursday, as higher-yielding volumes helped offset the ongoing cost drag of labor shortages at its FedEx Ground unit that have cut into operating margins.
In addition, the board of the Memphis, Tennessee-based shipping and logistics giant (NYSE: FDX) authorized a program to buy back $5 billion of its common shares. This follows a 2016 buyback authorization of up to 25 million shares, of which 2.3 million remain available for...
https://www.freightwaves.com/news/fedex-posts-decent-fiscal-q2-results-ground-units-costs-weigh