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Getting rid of the competition as a contract proposal
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<blockquote data-quote="Babagounj" data-source="post: 5402936" data-attributes="member: 12952"><p>[URL unfurl="true"]https://www.reuters.com/business/fedex-flags-hit-economic-slowdown-shares-tumble-15-2022-09-15/[/URL]</p><p></p><p>Shares in the global delivery firm tumbled more than 16% after it also reported revenue and profit for the first-quarter ended Aug. 31 that missed Wall Street targets.</p><p>Altogether, a worldwide slowdown in economic activity caused shortfalls in FedEx Express revenues of $500 million and FedEx Ground revenues of $300 million in the quarter, FedEx said.</p><p>FedEx said it was cutting costs including shutting some FedEx Office locations, reducing labor hours and consolidating some sorting facilities.</p></blockquote><p></p>
[QUOTE="Babagounj, post: 5402936, member: 12952"] [URL unfurl="true"]https://www.reuters.com/business/fedex-flags-hit-economic-slowdown-shares-tumble-15-2022-09-15/[/URL] Shares in the global delivery firm tumbled more than 16% after it also reported revenue and profit for the first-quarter ended Aug. 31 that missed Wall Street targets. Altogether, a worldwide slowdown in economic activity caused shortfalls in FedEx Express revenues of $500 million and FedEx Ground revenues of $300 million in the quarter, FedEx said. FedEx said it was cutting costs including shutting some FedEx Office locations, reducing labor hours and consolidating some sorting facilities. [/QUOTE]
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