FedEx will combine almost all of its ground, air and other operations by next year as part of a $4 billion cost cutting plan. That means FedEx Express, FedEx Ground, FedEx Services and other FedEx companies will be rolled into a single entity.
A FedEx truck makes deliveries in Mount Lebanon, Pa., on Monday, Jan. 23, 2023. FedEx will combine its air, ground and other divisions as part of a $4 billion cost cutting plan. The delivery company said Wednesday, April 5, that FedEx Express, FedEx Ground, FedEx Services and other FedEx operating companies will be rolled into Federal Express Corp. by June 2024.
NEW YORK — FedEx will combine almost all of its ground, air and other operations by next year as part of a $4 billion cost cutting plan.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FedEx Restructures to Combine Ground and Express Delivery NetworksThe company’s push for efficiency is unwinding the operating strategy led by founder Fred Smith.
Read more »
FedEx to consolidate operating divisions into one organizationFedEx said on Wednesday the delivery firm will consolidate its operating companies into one organization to cut costs and increase efficiency.
Read more »
FedEx stock gains after company announces dividend boost, plans to consolidateFedEx Corp. plans to consolidate its operating companies into a single organization, it announced Wednesday. The logistics giant sees the move, which will...
Read more »
Stocks making the biggest moves premarket: Johnson & Johnson, FedEx, Zions and moreFedEx's shares gained more than 2% before the bell after announcing a dividend hike and a corporate reorganization.
Read more »
STOCK MARKET NEWS: FedEx cost cuts, ADP jobs data, Walmart investor day, gold nears recordInvestors digest ADP’s private sector jobs report ahead of Friday’s government data, Walmart hosts investor day, FedEx shakeup combines units in cost saving move, J&J shares rise on talc lawsuit settlement, gold nears all-time high. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Read more »
FedEx to outline cost reduction plans for fiscal 2024, 2025FedEx will lay out its cost cutting plans on Wednesday as it continues to slash $4 billion in costs by the end of fiscal 2025.
Read more »