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The Latest FedEx Headlines
FedEx May Cut Jobs, Add Fewer Stores as Demand Wanes
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<blockquote data-quote="cheryl" data-source="post: 448391" data-attributes="member: 1"><p><strong>FedEx May Cut Jobs, Add Fewer Stores as Demand Wanes - Bloomberg</strong></p><p></p><p>FedEx Corp. stunned investors a week ago by slashing its annual profit forecast, sending the stock down the most in 21 years. Job cuts may be next at the shipper, a proxy for the U.S. economy.</p><p></p><p>With the recession deepening, the second-largest package delivery company must trim labor costs, speed retirement of older jets and halt expansion of its FedEx Office printing shops, said Dan Ortwerth, an Edward Jones & Co. analyst.</p></blockquote><p></p>
[QUOTE="cheryl, post: 448391, member: 1"] [B]FedEx May Cut Jobs, Add Fewer Stores as Demand Wanes - Bloomberg[/B] FedEx Corp. stunned investors a week ago by slashing its annual profit forecast, sending the stock down the most in 21 years. Job cuts may be next at the shipper, a proxy for the U.S. economy. With the recession deepening, the second-largest package delivery company must trim labor costs, speed retirement of older jets and halt expansion of its FedEx Office printing shops, said Dan Ortwerth, an Edward Jones & Co. analyst. [/QUOTE]
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