You can now read 10 articles each month for free on BostonGlobe.com.

The Boston Globe

Business

FedEx Corp.

Continue reading below

FedEx climbed after it pledged cost cuts as slowing economic growth pressures profits. The Memphis-based company said earlier this month it retired 24 jet freighters and would offer more details late this year on its cost-savings plan. FedEx gained despite a lower profit forecast than estimated. FedEx predicted profit of $6.90 to $7.40 a share in the fiscal year through May, compared with an average estimate of $7.38.

You have reached the limit of 10 free articles a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than $1 a week