FedEx Divests FedEx Freight and Shifts Gears to DRIVE Program
FedExFedEx(US:FDX) PYMNTS.com·2024-12-20 17:46

FedEx is taking steps to streamline its operations by prioritizing its DRIVE program and separating FedEx Freight into a standalone, publicly traded company.These decisions were announced by FedEx President and CEO Raj Subramaniam Thursday (Dec. 19) during the company’s second-quarter earnings call, which saw the company’s total sales of $22 billion slip 1%.Amid these challenges, Subramaniam highlighted the ongoing success of FedEx’s DRIVE program, which he said is critical to the company’s operational impr ...

FedEx Divests FedEx Freight and Shifts Gears to DRIVE Program - Reportify