FedEx Corp lowered its full-year profit and revenue forecasts on Thursday, as the parcel delivery firm battles stubbornly soft demand and uncertainty in the U.S. industrial economy as President Donald…

With the Postal Service contract migrating to UPS, FedEx has reportedly aligned its operations by reducing U.S. domestic flight hours by 24% during the fiscal year second quarter

FedEx Corp. plans to significantly slash daily flights and the number of U.S. cities served by air during the daytime when its air cargo contract with the U.S. Postal Service…

The delivery giant is preparing to aggressively reduce Postal Service-related costs following the contract’s Sept. 29 expiration to minimize the impact to its bottom line.

“We are going to continue to have a daytime operation, and we’ve some great customers on that,” the CFO said. “And will we do as much as we are doing…

The latest data from law firm Culhane PLLC has revealed FedEx remained the top supplier for the United States Postal Service (USPS) with US$1.6bn in revenue for fiscal year 2023

Daytime flight operations and pilot staffing are likely targets for reductions once the air transportation contract expires in September, experts say.