Transport Topics

FedEx expects to save as much as $2.7 billion this fiscal year through wide-ranging cost-cutting measures in response to weakening business conditions. The courier said about $700 million of the savings will come this quarter through actions including a reduction in flight frequencies, deferred projects and the closure of some offices. FedEx also plans to increase delivery rates across its express, ground and home delivery operations by an average of 6.9% in January. Learn more about your ad choices. Visit podcastchoices.com/adchoices