FedEx newsroom
Oct 16, 2024 · Find out the latest news and updates from FedEx, including financial results, new products, awards, and social responsibility initiatives. Browse the news archive, media downloads, investor relations, and policy perspectives.
FedEx consolidation: What we know about restructuring plan
Apr 5, 2023 · FedEx will transition to a single company, Federal Express Corporation, by June 2024 as part of its cost-cutting initiative. Learn how the restructuring will affect FedEx's operations,...
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 announces planned consolidation of operating companies
Apr 5, 2023 · FedEx Corp. announces a phased transition to create one unified, fully integrated air-ground network under the FedEx brand by June 2024. The company also provides updates on its DRIVE transformation, dividend increase, and executive compensation program.
Report Showcases “FedEx Effect” on Global Economy as Company …
Oct 24, 2024 · “The ‘FedEx Effect’ represents our relentless commitment to excellence, economic growth, and the communities where we live and work.” The report reveals that FedEx contributed more than $85 billion in direct impact to the global economy in FY 2024, accounting for approximately 0.1% of the world’s total net economic output.
FedEx to combine delivery units as part of $4 billion cost-cut push
LOS ANGELES, April 5 (Reuters) - FedEx Corp (FDX.N) said on Wednesday it will consolidate its separate delivery companies into a single entity, in a move to slash costs and better compete...
FedEx to combine delivery units as part of a $4 billion cost ... - CNBC
Apr 5, 2023 · FedEx announced it will integrate FedEx Ground and FedEx Express into a single delivery entity from June 2024, as part of a wider reorganization to compete better with UPS and Amazon. The move...
FedEx tightens 2024 profit forecast on cost cuts, shares jump 13%
March 21 (Reuters) - FedEx (FDX.N) narrowed its fiscal 2024 profit forecast on Thursday, raising the bottom end and lowering the top, as cost cuts take hold and share buybacks help offset...
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.
FedEx (FDX) earnings Q4 2024 - CNBC
Jun 25, 2024 · FedEx shares soared after hours as the company topped analysts' estimates and announced a $4 billion cost-cutting plan. The company expects revenue growth, e-commerce demand and margin...