FedEx fails from
faulty leadership
Losing market share. Cuts
costs and customer service
FedEx ceo Raj Subramaniam opaquely reported again on disappointing & inflated Q3'23 results. Huge price hikes boosted sales, but disguised serious market share losses to UPS & Amazon.The 'market cap gap' between similar sized UPS widened to $109Bn. The future is bleak for arrogant, cost cutting 'new boss, same as the old boss'; who blames the (strong) economy, not incompetent execution. Updated
