FedEx Express revamp hangs on fate of USPS, pilot talks


Crucial talks: A file photo of a FedEx plane approaching San Diego. Investors want the company to slash costs. — Reuters

FEDEX Corp is waging financial battles on two fronts.

The delivery giant wants a more profitable contract with the US Postal Service (USPS) and is seeking an elusive labour deal with its pilots. How both efforts shake out will be key to improving profit at its largest business, overnight-delivery provider FedEx Express.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Light at the end of the tunnel
Understanding the warrant of distress
Are convention halls still good investments?
Ringgit likely to trade cautiously between RM4.09 and RM4.11 vs US dollar next week
Strong momentum seen for Vietnam equities
Asset managers in risk-on mode
Rising DRAM prices may hit consumers
Asia-Pacific ratings hold firm
HK’s lure for key IPO investors
Fewer stocks spur IPO hunt

Others Also Read