FedEx shares rise as U.S. deliveries, cost cuts drive first-quarter results beat
By Rashika Singh and Shivansh Tiwary (Reuters) - Shares of FedEx rose as much as 2% in early trade on Friday, after the parcel giant's first-quarter results surprised Wall Street, driven by strong domestic deliveries and cost-cutting measures that offset a tariff-induced decline in international volumes. The company, seen as a bellwether for global trade alongside rival United Parcel Service, has leaned on efficiency measures and tighter cost controls, including parking planes, closing facilities and mer ...