Business

FedEx says it can grow by cutting costs

By Samantha Bomkamp
Published December 19, 2012 10:41pm ET
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FedEx says it can grow by cutting costs
FILE - In this Monday, Dec. 10, 2012, file photo, workers sort packages at a FedEx sorting facility in Kansas City, Mo. FedEx is more pessimistic about the U.S. economy than it was three months ago, but more assured of its own ability to grow earnings. The world's second-largest package delivery company lowered its economic forecast for the U.S., saying that there remains a lot of uncertainty for the company and the country. Its forecast for the current quarter, which incorporates the critical holiday season, falls short of Wall Street expectations. (AP Photo/Charlie Riedel, File) | Charlie Riedel

NEW YORK (AP) — FedEx may be pessimistic about the U.S. economy, but it’s confident about growing its earnings.

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