FedEx is focusing on combining its Express and Ground networks, a complex task with significant risks.
FedEx Corp. reported a flat revenue quarter despite a freight recession, tariff war, and new rules limiting Chinese shipments. However, the stock fell after-hours due to lower-than-expected earnings-per-share forecast for the first quarter.
The company’s CEO has emphasized completing a transformation plan over the next two years, which includes merging its Express and Ground networks. This effort carries more weight than the $4 billion cost cuts promised by Raj Subramaniam, who took over as CEO in 2022.
Source: https://www.bloomberg.com/opinion/articles/2025-06-24/fedex-earnings-tariffs-take-back-seat-to-combining-express-and-ground-networks