FedEx hiked its 2023 earnings forecast on Thursday, citing cost-cutting measures that offset continued demand weakness.
The 25-member board includes Dana Walden, co-chairman of Disney Entertainment, Jane Fraser, Citigroup CEO, and Michael F. Roman, chairman and CEO of 3M.
High winds, snow and bitter cold are threatening holiday package deliveries before Christmas.
FedEx said it will be able to cut another $1 billion in costs beyond what it previously forecast.
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