FedEx Corp.’s fiscal third-quarter 2023 results late Thursday came in better than expected on the bottom line but not so great on the top or bottom, as expected, at its air and international unit, FedEx Express.
Total revenue of $22.1 billion was 6% below the same period a year ago, as the company continues to manage through a sudden and, in the case of FedEx Express, ferocious drop in volumes.
FedEx Express reported an 8% drop in revenue, while FedEx Ground, the company’s U.S. ground-delivery...
https://www.freightwaves.com/news/fedexs-q3-cost-cut-programs-put-it-further-ahead-than-expected