In the quarter ending 31 August, FedEx took in $21.7 billion in revenue, 6 percent less than a year earlier. Even so, it reported a profit of $1.08 billion, compared to $875 million in the same quarter in 2022.
32 search results for: FedEx
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FEDEX SALES DROP 10 PERCENT IN THIRD QUARTERLY DECLINE
Fedex sales fell 10.1 percent to $21.9 billion in its fiscal fourth quarter ending 31 May, the company reported. Its share price dipped 1 percent on news of the shipper’s third consecutive quarterly decline.
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TROUBLES FOR “BELLWETHER” FEDEX FORESHADOW GLOBAL DOWNTURN
The economic ups and downs of global shipper FedEx are seen as harbingers of the world’s economic future because the shipper carries almost every kind of product—and that future is not looking good. Last week, FedEx announced it would stop hiring, close about 90 offices, cut its number of flights, and mothball aircraft because worldwide...
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, increased minimum wage, looming fears of a recession, and a tangible decrease in revenues for many sectors…
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WHEN THE ECONOMY FALLS JOBS GO WITH IT
It’s global. The numbers are there for all to see. From developed to underdeveloped nations, economies are slowing down and/or contracting.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
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UPS REVENUE SHRINK SIGNALS SLOWDOWN
Global package handler UPS posted revenue 5.3 percent lower in this year’s first quarter than the same period a year earlier.
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GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
Post
GOING OUT OF BUSINESS TRENDS
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, and a tangible decrease in revenues for many sectors…