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FedEx 4Q profit drops as priority services lag

June 20, 2013
THE ASSOCIATED PRESS

DALLAS - FedEx Corp.'s fourth-quarter profit fell 45 percent as international customers traded down to less-expensive delivery options and the company spent heavily on restructuring. FedEx said 3,600 employees will take voluntary buyouts and nearly half of them have already left. The company is also retiring older airplanes.

 
 
 

 

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