Unformatted text preview: labor) keep rising day by day. NY Times report about FedEx income that “Revenue rose 8 percent to $9.97 billion from $9.20 billion a year ago”. This leads FedEx ahead as benefit still exceeds cost. However, FedEx starts to reduce fuel consumption by 5 percent, and stop hiring staffs “unless it's an operational or sales necessity”. This can help reduce production costs which keep the quantity supplied stable and not falling down....
View Full Document
- Spring '05
- Economics, Associated Press, DUC HOANG, FedEx Profit Falls