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FedEx is getting a boost from investors after the company raised its Outlook and said its cost-cutting efforts led to positive expansion for its ground and Freight shipments Freight segments the shipping giant also announced it would slash its U.S head count by 25 000 in May hadnt talked about that head count reduction now we have more of a timeline Bank of America senior Transportation analyst Ken oxter joins us now Ken thanks for being here FedEx has really been trying to right the ship here where does it feel like we are in that Journey uh so great good morning uh bran Julia um you know Id say that were were really just at the start I think that you know if you go back a year ago when they hosted their their analyst day and they talked about uh how they were gonna do seven billion dollars of of cost uh adjustments a billion dollars this year about 4 billion between 23 and 25 and then 2 billion thereafter you know these were almost Pie in the Sky type of numbers just because that
