FedEx seeks cost cuts as growth slows - ft.com - "We expect to mitigate these challenges by reducing costs and improving efficiencies, and are continuing to evaluate additional actions to substantially improve FedEx Express margins," Mr Graf said. FedEx said its forecast does not include the impact of cost-cutting plans under review that the company expects to announce in a few months' time. Jefferies & Company analyst Peter Nesvold told investors in a note that higher costs are the main reason for FedEx's lower-than-expected forecast, according to a report in The New York Times. Earnings in the long run could be boosted by a reorganization in the FedEx Express business unit, including layoffs, according to Nesvold. Analysts have pointed to a reorganization for FedEx Express for a while now. The company, in its statement announcing the fourth-quarter and year-end performance, said it would announce in the fall "significant cost reduction programs currently under review."