First quarter results were negatively affected by a mix shift, which reduced demand for priority services, increased demand for deferred services, and constrained yield growth. In addition, higher operating expenses and one fewer operating day negatively affected the quarter’s results. A reduction of structural costs from the company’s DRIVE program initiatives partially offset these factors. “Despite a challenging quarter, we remain focused on transforming our network, improving our efficiency, lowering our cost-to-serve, and enhancing our ability to adapt with speed to evolving market dynamics,” said Raj Subramaniam, FedEx Corp. president and chief executive officer. “Overall, I remain confident in the value-creation opportunities ahead as we focus on reducing our structural cost, growing revenue profitably, and leveraging the insights from our vast collection of data as we continue to build the world’s most flexible, efficient and intelligent network.”

Mary Kay Inc.’s Cadillac incentive might be pink, but is is also going green.  The multilevel marketing company is transforming its beloved pink Cadillac incentive into an electric vehicle. The pink Cadillac Optiq (pronounced Optic) made its debut during Mary Kay’s annual Seminar, hosted for the first time in Charlotte, North Carolina. The transition from internal combustion to electric symbolizes more than just a vehicle upgrade. It marks a recharged vision for the future of the iconic beauty brand, according to the company. The new Cadillac model is a significant step forward in Mary Kay’s commitment to innovation, environmental responsibility, and meeting expectations of the next generation of both Mary Kay independent sales force members and their customers, per a press release.

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