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 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
WEBSep 18, 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 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 June 2024 in a companywide …
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 eyes fiscal 2025 profit just above Wall St target, shares soar
WEBJune 25 (Reuters) - FedEx (FDX.N) on Tuesday forecast fiscal 2025 profit above analysts' estimates, and shares in the delivery giant soared as executives said slashing expenses and...
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 (FDX) earnings Q4 2024 - CNBC
WEBJun 25, 2024 · The company reported revenue and earnings beats and a drop in capital spending on Tuesday for its fiscal fourth quarter. FedEx is in the midst of a $4 billion cost-cutting effort, including the...
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 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...