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Results from 'Magnificent Seven' duo show cloud revenue boosted by strong AI demand

FedEx says reached tentative deal with pilots of air delivery unit

Reuters

May 30 (Reuters) - FedEx Corp has reached a tentative agreement with pilots of its air delivery unit who had voted in favour of a strike earlier this month seeking higher pay, the company said in a statement on Tuesday.

The Air Line Pilots Association had voted "overwhelmingly" in favor of a strike if needed, when it had entered the final stages of a contract negotiation with the company. (Reporting by Bharat Govind Gautam in Bengaluru; Editing by Shailesh Kuber)