The FedEx (FDX +0.8%) annual shareholder meeting is in full swing in Memphis, Tennessee. After a...

|About: FedEx Corporation (FDX)|By:, SA News Editor

The FedEx (FDX +0.8%) annual shareholder meeting is in full swing in Memphis, Tennessee. After a bit of housekeeping, CEO Fred Smith highlights the company's focus on streamlining its costs and says he expects customers to continue to trade speed for cost. Citing "lackluster" economic drivers, the company's economic forecast is for 1.9% GDP growth in the U.S. for 2013 and 2.4% global growth. In a developing program, FedEx will offer voluntary buyout to employees in order to lower costs. (webcast)