FedEx (FDX) is targeting "profitability improvement" of $1.7B over the next three years, much of...

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

FedEx (FDX) is targeting "profitability improvement" of $1.7B over the next three years, much of which the company aims to achieve through cost cuts at its U.S. express air operation. The measures include modernizing the aircraft fleet and a voluntary buyout plan for some staff. FedEx will provide details today, day two of its annual meeting.