Breaking News

FedEx’s third-quarter profit falls as people opt for less-expensive ground shipping

DALLAS — FedEx says its third-quarter profit fell 31 percent as customers are opting for less-expensive ground shipping, hurting the company’s airfreight business.
The company says it will cut capacity to and from Asia starting next month and might retire some of its older airplanes.
Its shares fell more than… …read more
Source: NY Post

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Posted by on March 20, 2013. Filed under Business News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.