FedEx reports $350 million impact from winter storm
MEMPHIS, Tenn. (WMC) - Last month’s winter storm proved very expensive for FedEx Corp.
The Memphis-based shipping giant reported major growth in its quarterly earnings report thanks to vaccine distribution and e-commerce, but FedEx says severe winter weather took cost them hundreds of millions of dollars.
About $350 million to be exact.
The snow didn’t just hamper operations in Memphis but at other key hubs in Indianapolis and Texas as well.
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