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Realigning Demand in the Asia-Pacific market

The Asia-Pacific (APAC) region has long been a driving force in the air cargo industry, fuelled by robust economic growth, expanding consumer markets, and...
HomeCARGOFedEx Evaluates Freight Division, Benefits From Cost Cuts

FedEx Evaluates Freight Division, Benefits From Cost Cuts

FedEx again benefited more from cost-cutting than the market as it reported revenue of $22.1 billion, up 0.9% year over year, and adjusted operating income of $1.87 billion, up 5.6% YoY, for its fourth quarter, which ended May 31.  “We made significant progress in fiscal 2024 and ended the year strong, delivering four consecutive quarters […]