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FedEx Corp. finished its 2023 fiscal year with mixed quarterly results as the freight carrier is in the midst of a deep cost-cutting and restructuring effort.

Negotiations were set to resume June 5 between UPS and members of the International Brotherhood of Teamsters, which represents an estimated 360,000 UPS drivers and other workers.

FedEx Freight informed team members internally May 1 that it will be closing 29 freight locations and furloughing certain job classes.

A former FedEx cargo jet embarked on a final journey April 6 — not in the air but instead carefully hauled on an Alaskan highway at 20 mph from Anchorage’s Merrill Field airport to Big Lake.

FedEx Corp. will combine nearly all of its ground, air and other operations by June 2024 as part of a $4 billion cost-cutting initiative, the company announced April 5.

FedEx Corp.’s shares jumped the most in nine months after the courier boosted its profit outlook, signaling efforts to cut costs are helping counter a decline in package volume.

FedEx Corp. pilots are inching closer to a potential strike as negotiations stall on a new labor agreement.

FedEx Corp. is cutting global officer and director jobs by more than 10%, the courier’s latest cost-saving measure as economic concerns and waning e-commerce weigh on demand for package delivery.

FedEx Corp. is rolling out a new system for evaluating its delivery contractors that rank them like Olympic medal winners.

Fred Smith, the founder of FedEx, believes that if you’ve done well, you should give back to the public interest.