FedEx Express to retire 22 Boeing 757 freighters as downturn continues to bite

"FedEx Express has announced that it has permanently retired another 22 of its Boeing 757-200 freighters as the carrier continues to manage its fleet resources. The announcement came on June 25, 2024, as the Memphis-based shipping and logistics company revealed its financial results for the quarter ending May 31, 2024.

The company reported fiscal fourth-quarter revenues of $201 million,