FedEx consolidation: What we know about restructuring plan
WEBApr 5, 2023 — FedEx has announced a series of cost-cutting measures over recent months due to continually decreasing demand and high operating costs with Wednesday’s news being the latest one. The new single...
FedEx newsroom
WEBMay 29, 2024 — FedEx Launches the fdx Platform. Backed by FedEx data, fdx is now available to businesses of all sizes across the U.S. offering tools and insights to enhance customer experiences at every touchpoint.
FedEx Stock Gains as Possible Port Strike Could Bolster Air Freight …
WEBFedEx shares rose 2.3% on Monday, marking one the S&P 500's top daily performances, while UPS shares advanced 1.6%. ... The potential boost in the air freight business should come as welcome news ...
FedEx combines air, ground, other operations to slash costs
WEBApr 5, 2023 — FedEx will combine almost all of its ground, air and other operations by next year as part of a $4 billion cost cutting plan. The package delivery company said Wednesday that FedEx Express, FedEx Ground, FedEx Services and other FedEx operating companies will be rolled into a single entity by …
FedEx deploys contingency plans as port workers strike - Yahoo …
WEB1 day ago — FedEx has launched contingency plans amid a union dockworkers strike impacting several US ports. The spokesperson added that any customers with questions about shipments or those seeking to ...
FedEx Announces Planned Consolidation of Operating Companies
WEBNew operating structure will create even greater flexibility, efficiency, and intelligence to unlock value for customers, team members, and stockholders. Company hosts DRIVE Investor Event to provide further detail on progress toward $4 billion in benefits from transformation. Announces 10% dividend increase.
FedEx promised investors $4 billion savings by consolidating …
WEBMay 22, 2024 — Technology consolidation is key to FedEx's efforts to achieve its goal, announced last year, of $4 billion in cost savings by the end of fiscal 2025 under the new "one FedEx" unified delivery...
FedEx to combine delivery units as part of a $4 billion cost ... - CNBC
WEBApr 5, 2023 — FedEx shares rise following consolidation announcement. FedEx said on Wednesday it will consolidate its separate delivery companies into a single entity, as the group slims its bloated...
FedEx’s stock soars toward a 3-year high after a profit beat, $5 ...
WEBMar 22, 2024 — FedEx Corp.’s stock soared Friday, after the logistics company beat profit expectations, announced a new $5 billion share repurchase program and said it would continue to cut costs and trim its...
FedEx charges ahead with Network 2.0, rolling out to dozens more ...
WEBMar 22, 2024 — FedEx is charging ahead with its plan to combine the delivery operations of its separate Express and Ground units, as "Network 2.0" is now implemented in more than 50 locations across its network, President and CEO Raj Subramaniam said Thursday.