FedEx shares surge over 13% as investors welcome $1.8 b reduction in structural costs

FedEx Corp. shares surged over 13% in Wednesday’s premarket session following the company’s announcement of significant structural cost reductions for fiscal year 2024. Investors reacted positively to the news, which is part of FedEx’s broader strategic initiative aimed at enhancing efficiency and profitability. Cost-cutting measures by Fedex boost confidence FedEx revealed that it had reduced

Source: Invezz