Cuts FY23 Capital Spending view to $5.9B from $6.3B. "Our teams have an unwavering focus on rapidly implementing cost savings to improve profitability," said Michael C. Lenz, FedEx Corp. executive vice president and chief financial officer. "As we look to the second half of our fiscal year, we are accelerating our progress on cost actions, helping to offset continued global volume softness."
Published first on TheFly
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