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FedEx says efficiency efforts gaining traction ahead of schedule
The Fly

FedEx says efficiency efforts gaining traction ahead of schedule

Says plans more pronounced adjustments of air network. Says expects to mitigate at least 60% of revenue-related headwinds. Says operating environment in Q3 remained "challenging. Sees Q4 Express margins improving to mid single digits. Sees double digit decline in Q4 flight hours. Sees volume declines continuing to mitigate in Express and Ground in Q4. Comments taken from Q3 earnings conference call.

Published first on TheFly

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