EXPRESS giant FedEx saw its fiscal year third-quarter revenues decline by 2 per year on year to US$21.7 billion, but operating income improved by 19 per cent on last year to $1.2 billion and net income was up 14 per cent to $879 million. FedEx said the improved profit performance was a result of its DRIVE cost-cutting scheme that aims to reduce expenses by US$4 billion, reports London’s Air Cargo News. In the third quarter, its ground network achieved savings of $290 million, air costs were...
https://www.seanews.com.tr/fedexs-cost-cutting-move-sees-profits-improve-in-q3/199979/