FedEx in Good Shape Despite Cost-Cutting - Truckers' Trucking Forum

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12.19.2008

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FedEx in Good Shape Despite Cost-Cutting

FedEx in Good Shape Despite Cost-Cutting

Quote:

The economy dealt a devastating blow to Memphis’ largest employer Thursday as FedEx announced $1 billion in cost reductions – including pay cuts for its top executives – during this fiscal year to cope with plummeting global freight volumes.
FedEx, the world’s second-largest shipper, is making these moves to brace for what company officials say they believe is an economic crisis with no end in sight.
http://www.memphisdailynews.com/edit....aspx?id=40026

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