Q1 'better than expected' for Maersk – but 'there's more pressure to come'
Stronger-than-expected demand and continuing disruption from the Red Sea crisis produced a better-than-expected return for ...
It’s not good news for others in the express or air freight industries when Fedex believes that the current challenges are not temporary. As part of its $1.7bn cost-cutting and revenue-enhancing measures, announced last year, some 10% of its senior US executives have accepted buyouts and will leave during the next 14 months. The majority of the measures – $1.55bn – will come from Fedex Express, and the result will be a workforce made up of some ‘several thousand’ fewer employees.
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