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This is looking bad for Express
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<blockquote data-quote="snackdad" data-source="post: 985477" data-attributes="member: 30266"><p>FedEx seeks cost cuts as growth slows - ft.com -</p><p></p><p></p><p><span style="color: #333333">"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.</span></p><p><span style="color: #333333">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.</span></p><p><span style="color: #333333"></span></p><p><span style="color: #333333"><span style="color: #444444">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.</span></span></p><p><span style="color: #333333"><span style="color: #444444">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."<span style="color: #333333"><img src="/community/styles/default/xenforo/smilies/2012/panicsmiley.gif" class="smilie" loading="lazy" alt=":panicsmiley:" title="Panicsmiley :panicsmiley:" data-shortname=":panicsmiley:" /></span></span></span></p><p><span style="color: #333333"></span></p></blockquote><p></p>
[QUOTE="snackdad, post: 985477, member: 30266"] FedEx seeks cost cuts as growth slows - ft.com - [COLOR=#333333]"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. [COLOR=#444444]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.[/COLOR][/COLOR] [COLOR=#333333][COLOR=#444444]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."[COLOR=#333333]:panicsmiley:[/COLOR][/COLOR] [/COLOR] [/QUOTE]
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