Tag: $FedEx

FedEx shares pop on hefty profit beat, UPS customer wins

FedEx surprised investors with a big quarterly profit beat on Wednesday after it cut costs and poached customers from rivals UPS  and Yellow  ahead of the vital holiday shipping season.

FedEx paring costs, grounding more planes as margin pressure persists

FedEx, which is slashing costs to protect profits as demand wanes, said on Tuesday that ongoing “demand challenges” prompted its plans to ground 29 more aircraft in the fiscal year that started on June 1.