At the same time, the group plans to raise all of its tariffs by at least 6.9% on January 1.
FedEx, which has already warned that it has moved fewer letters and packages this summer than expected, said Thursday, Sept. 22, that it wants to cut its annual costs by $2.2-$2.7 billion to maintain profits, Le Figaro reported.
At the same time, the group plans to raise all of its rates by at least 6.9 percent as of Jan. 1, after they had already been raised by at least 5.9 percent earlier this year, it said in a statement.