Monthly Archives: July 2013

FedEx plans more capacity cuts

FedEx, the express parcel and logistics operator, said it would make further capacity cuts and would see only modest profitability gains in the coming year as it continued to suffer from a sluggish global economy. The company made the projections … Continue reading

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UPS cuts outlook on soft demand

UPS shares tumbled Friday after it predicted disappointing second-quarter earnings and reduced its profit forecast for the full year. United Parcel Service Co. and rival FedEx Corp. are suffering as customers increasingly trade down from expensive priority shipping to slower … Continue reading

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