FedEx pilots win ‘tentative agreement’ on new contract after strike threat
The threat of strike action by its pilots appears to have wrung concessions out of ...
Amid a tailing-off of earnings, FedEx Express has announced plans to retire its remaining MD-11 series cargo aircraft and replace them with new Boeing 767s and 777s.
FedEx identified a need for cost-cutting in its international express segment last month, after a dramatic 77% drop in nine-month operating income, to $119m from $520m for the same period last year.
During an earnings call on Thursday, FedEx CEO Raj Subramaniam said: “We are taking additional steps to address our fixed expense structure. This quarter ...
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