107120084 16633518222022 05 10t015005z 1421750134 rc2r3u9iug4s rtrmadp 0 global delivery

An individual walks by a FedEx van in New York Metropolis, Could 9, 2022.

Andrew Kelly | Reuters

FedEx on Thursday introduced price hikes and detailed its cost-cutting efforts after the delivery big warned final week that its fiscal first quarter outcomes have been hit by weakening international demand.

Shares of FedEx closed barely increased Thursday.

Final week, the corporate’s inventory sank after it posted preliminary income and earnings that fell in need of Wall Avenue expectations. CEO Raj Subramaniam¬†cited a tricky macroeconomic setting, and stated he expects the economic system to…

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