FedEx Forecast Trails Estimates; 1,700 Jobs to Be Cut

September 16, 2010: FedEx Corp., the second-largest U.S. package-shipping company, forecast earnings for the current quarter that fell short of analysts’ estimates, and said it will eliminate 1,700 jobs.

Net income for the three months ending in November will be $1.15 to $1.35 a share, the Memphis, Tennessee-based company said today in a statement. Analysts projected $1.37 a share, the average of 19 forecasts compiled by Bloomberg.

Click here to read more at Business Week.

Get Advice Join TDU Donate

Recent News

If You Care About Who Wins the Teamster Election, Act Like It

The International Union election is make or break for our union. The outcome will be determined by Teamsters who have not mailed back their ballots yet. It’s up to each of us to talk to members and get out the vote.

Four Myths About the Teamster Election

If you want OZ-Teamsters United to win the election, don’t fall for these four myths.

View More News Posts