FedEx take cost-cutting measures to cope with the economic slowdown

FedEx Corp said on June 26th, slowing global economic growth will cause certain effect to company management. To this, the company will take cost-cutting measures, deal with the parcel transport volume drop.
At present, FedEx has begun to reduce the number of routes, narrow express network services, meet more and more customers choose a slower economy express service.
In the last quarter, thanks to overnight delivery service development, federal express in the United States market total cargo volume although dropped by 5%, but the parcel business volume growth of6%. International priority shipping business also grows 3%. At the same time, the company business slowed, shipments declined3%.
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