FedEx Cuts Profit Forecast Again Amid Stubborn Weakness Overseas

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If the business slowdown continues, FedEx is poised to implement new cost cuts by paring network capacity, reducing labor hours, modifying aircraft deliveries and adjusting investment plans, said Chief Financial Officer Alan Graf. The Memphis, Tennessee-based company already announced a a U.S. employee buyout in December that’s expected to save as much as $275 million in 2020.


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