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…