FedEx newsroom
Oct 16, 2024 · FedEx newsroom. Featured News. Global (English) Report Showcases “FedEx Effect” on Global Economy as Company Increases Flexibility and Efficiency of Operations. Oct 24, 2024. FedEx delivered more than $85 billion in direct impact and $39 billion in indirect impact to the global economy in fiscal year 2024. Global (English)
FedEx consolidation: What we know about restructuring plan
Apr 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 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 Reports First Quarter Diluted EPS of $3.21 and Adjusted …
Sep 19, 2024 · The company completed a $1 billion accelerated share repurchase (ASR) transaction during the quarter. Approximately 3.4 million shares were delivered under the ASR agreement, with the decrease in outstanding shares benefiting first quarter results by …
FedEx Announces Planned Consolidation of Operating Companies
New 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 Surges Most in a Year on $5 Billion Stock Buyback Plan
Mar 21, 2024 · FedEx Corp. plans to buy back $5 billion of its shares as cost-cutting efforts help boost profits, sending the courier’s stock soaring the most in a year. Adjusted earnings of $3.86 a share for...
FedEx Presents “Deliver Today, Innovate for Tomorrow” Strategy
FedEx Corp. is hosting an investors meeting today where President and Chief Executive Officer Raj Subramaniam and the FedEx leadership team will present a strategic plan to deliver more value for customers, stockholders, and team members.
FedEx to combine delivery units as part of a $4 billion cost-cutting …
Apr 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 to cut senior jobs as part of larger staff reduction
LOS ANGELES, Feb 1 (Reuters) - FedEx Corp (FDX.N) on Wednesday said it would cut its officer and director ranks by more than 10% as part of a broad cost-reduction effort that has reduced staffing...
FedEx combines air, ground, other operations to slash costs | AP News
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.