FedEx’s Billion-Dollar Belt-Tightening: Inside the Radical Cost-Cut Plan That Sent Q4 Profits Soaring—And Why Wall Street Still Isn’t Satisfied
FedEx’s latest quarter shows what slashing aircraft, flights and head-office spend can do: adjusted earnings surged to $6.07 a share on $22.2 billion of revenue, beating consensus and lifting operating margin to its best level in two years. But a gloomy profit
