FedEx newsroom
Nov 14, 2024 · See recent stock prices, financial reports, economic news, and more. Access the FedEx Economic Impact Report, ESG report, FedEx Small Business Trade Index, and more. Read the 2023 Annual Report: Celebrating 50 years. Driving what’s next.
FedEx and UPS Can Bid Goodbye to a Normal Peak Season
3 days ago · This year-end rush wasn’t normal for truckers that bring the merchandise to warehouses from ports, and it won’t be for FedEx Corp. and United Parcel Service Inc., which drop e-commerce ...
FedEx consolidation: What we know about restructuring plan
Apr 5, 2023 · FedEx will soon undergo a phased transition consolidating FedEx Express, FedEx Ground, FedEx Services and other FedEx operating companies into a single company, Federal Express Corporation,...
FedEx Poised for Major Shakeup: Freight Division Spin-Off on the ... - MSN
FedEx Corporation is reportedly exploring the possibility of spinning off its freight division in a strategic realignment aimed at streamlining operations, enhancing shareholder value, and...
FedEx promised investors $4 billion savings by consolidating …
May 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 earnings miss could signal a slowing economy
Sep 20, 2024 · FedEx trimmed its outlook for the upcoming second quarter after a weaker-than-expected earnings report. FedEx said a weaker industrial economy produced a “challenging” quarter that caused it to...
FedEx announces planned consolidation of operating companies
Apr 5, 2023 · FedEx Freight will continue to provide less-than-truckload freight transportation services as a stand-alone company under Federal Express Corporation. Raj Subramaniam will serve as President and CEO of the combined organization.
FedEx combines air, ground, other operations to slash costs
Apr 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 June 2024 in a companywide reorganization.
How FedEx CEO Raj Subramaniam Is Adapting to a Post-Pandemic …
Sep 15, 2024 · Raj Subramaniam became FedEx’s second ever CEO in the company’s 53-year history when he replaced founder Fred Smith in June 2022. It was a difficult time to take the helm: after the exuberance...
FedEx to combine delivery units as part of a $4 billion cost ... - CNBC
Apr 5, 2023 · FedEx Express is already handling FedEx Ground’s pickup and deliveries in Alaska and Hawaii - fueling concerns that Ground contractors in the lower 48 states could be let go.
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