FedEx's belt-tightening on track... while goading UPS
Just as headwinds persist
“Commercially, we have put the business back on the front foot with excellent customer engagement and this is now being evidenced with the majority of the substantial contracts due during the year renewed, significant new contract wins and a full pipeline of opportunities. Under-performing operations are being addressed and progress is being made through increased productivity and a focus on sustainable margins. A cost reduction programme (…) has been implemented. The executive team has been strengthened.” – John Menzies, 28 November ...
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