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The Wall Street Publication > Blog > Business > FedEx Revenue Rises but Labor Shortages Continue to Dent Business
Business

FedEx Revenue Rises but Labor Shortages Continue to Dent Business

Editorial Board Published December 16, 2021
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FedEx Revenue Rises but Labor Shortages Continue to Dent Business
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FedEx Corp. posted a 14% increase in revenue for its fiscal second quarter, as higher shipping rates helped offset rising costs from labor shortages.

The company said that it incurred $470 million in added expenses during the quarter ended Nov. 30 for things including higher wages for its staff and overtime.

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