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FedEx to trim more Sunday deliveries - Insider

(Reuters) - FedEx Corp (NYSE:FDX) will cut more of its Sunday deliveries in March, Insider reported on Tuesday, citing an internal memo. The report added that the full list of...
FedEx to trim more Sunday deliveries - Insider © Reuters. A FedEx Express delivery vehicle is seen in Long Beach, California, U.S., September 16, 2022. REUTERS/Bing Guan
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(Reuters) - FedEx Corp (NYSE:FDX) will cut more of its Sunday deliveries in March, Insider reported on Tuesday, citing an internal memo.

The report added that the full list of territories maintaining Sunday service would be finalized next month.

The move follows FedEx's plan to take out $3.7 billion in costs that it announced last year by parking planes, closing offices, stopping rural Sunday delivery and furloughing workers in its freight division.

FedEx did not immediately respond to a Reuters request for a comment on the Insider report.

The U.S. delivery giant has been trying to cut costs to offset cooling demand and pivot towards more profitable deliveries.

Shares of FedEx were down 1% in morning trade.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (3)

EUR/USD

1.0658

-0.0008 (-0.07%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (3)

GBP/USD

1.2475

-0.0015 (-0.12%)

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↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (10)

USD/JPY

157.91

+0.12 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

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AUD/USD

0.6469

-0.0003 (-0.05%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (2)

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USD/CAD

1.3780

+0.0003 (+0.03%)

Summary

↑ Buy

Moving Avg:

Buy (12)

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EUR/JPY

168.32

+0.10 (+0.06%)

Summary

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EUR/CHF

0.9808

+0.0001 (+0.01%)

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Gold Futures

2,295.80

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Silver Futures

26.677

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Moving Avg:

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Copper Futures

4.5305

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81.14

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17,763.03

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Sell (12)

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Sell (6)

US Small Cap 2000

1,973.05

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10,854.40

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49.155

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27.35

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266.60

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Adidas AG

226.40

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6.714

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175.90

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15.010

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Summary

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Moving Avg:

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    EUR/USD 1.0658 ↑ Sell  
    GBP/USD 1.2475 ↑ Sell  
    USD/JPY 157.91 ↑ Buy  
    AUD/USD 0.6469 Neutral  
    USD/CAD 1.3780 ↑ Buy  
    EUR/JPY 168.32 ↑ Buy  
    EUR/CHF 0.9808 Neutral  
    Gold 2,295.80 ↑ Sell  
    Silver 26.677 ↑ Sell  
    Copper 4.5305 ↑ Buy  
    Crude Oil WTI 81.14 ↑ Sell  
    Brent Oil 85.62 ↑ Sell  
    Natural Gas 1.946 ↑ Sell  
    US Coffee C 213.73 ↑ Sell  
    Euro Stoxx 50 4,920.55 ↑ Sell  
    S&P 500 5,035.69 ↑ Sell  
    DAX 17,921.95 ↑ Sell  
    FTSE 100 8,144.13 Sell  
    Hang Seng 17,763.03 ↑ Sell  
    Small Cap 2000 1,973.05 ↑ Sell  
    IBEX 35 10,854.40 Neutral  
    BASF 49.155 ↑ Sell  
    Bayer 27.35 ↑ Sell  
    Allianz 266.60 ↑ Sell  
    Adidas 226.40 ↑ Sell  
    Lufthansa 6.714 Neutral  
    Siemens AG 175.90 ↑ Sell  
    Deutsche Bank AG 15.010 Neutral  
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