FedEx Earnings Miss Wall Street Estimates, Raises Outlook

by | Dec 16, 2010 | Towing

Shipping company FedEx (FDX), often seen as a bellwether of the economy, reported Wednesday that net income in its fiscal 2011 second-quarter declined 18% from a year ago period, even as revenue climbed 12%. Both income and revenue missed Wall Street e…

FedEx Earnings More than Double, Plans 1,700 Layoffs

by | Sep 16, 2010 | Towing

Despite more than doubling its earnings over the last three months, economic bellwether FedEx says that it will slash 1,700 jobs as it closes 100 facilities.
Continue reading FedEx Earnings More than Double, Pl…