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FedEx's Forecast Falls Short of Estimates Amid Weak Demand

(Bloomberg) -- FedEx Corp. gave a 2024 profit outlook below analyst expectations as a drop in package demand offsets Chief Executive Officer Raj Subramaniam’s $4 billion cost-cutting plan. Most Read from BloombergThese Are World’s Most Expensive Cities for High-Class LivingHedging Failure Exposes Private Equity to Interest-Rate SurgeNoises Detected in Search for Missing Titanic SubmersibleWhat We Know About the Missing Titanic SubmersibleTitanic Explorer Says Two Likely Disaster Ca...
Bloomberg Businessweek Michael Lenz Raj Subramaniam Deutsche Post Bloomberg Fedex Corp United Parcel Service Inc
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