FedEx will lay out its cost cutting plans on Wednesday as it continues to slash $4 billion in costs by the end of fiscal 2025.
FedEx Corp plans to continue its cost reduction strategy for the next two years.will lay out the next steps on Wednesday to slash $4 billion in permanent costs by the end of fiscal 2025.
Executives said last month that they were on track to hit $1 billion in permanent cost cuts this fiscal year ending May 31 - putting FedEx well on its way toward its 2025 goal. Those cost savings have come mostly from FedEx's Express division that offers next-day delivery and contributes the largest share of company revenue. Among other things, FedEx has parked Express planes and retired older MD-11 aircraft.
In February, the company announced it was shedding more than 10% of its officer and director roles while working to consolidate other teams and functions. after FedEx announced in December that the company is prioritizing actions to quickly reduce costs in order to align fiscal 2023 costs with weaker-than-expected volume. The company is racing to reduce overhead as it competes with United Parcel Service and Amazon's growing delivery service.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
The Hurry-Up: Ohio State Offers Four-star 2024 QB Air Noland a Week Before His Commitment Date Along with 2024 TE Colton Heinrich and 2025 RB Tiqwai HayesThe Hurry-Up: Ohio State offers four-star 2024 quarterback Air Noland one week ahead of his commitment date following his visit to Columbus and two other prospects pick up offers.
続きを読む »
2025 Maserati Quattroporte to Offer Fiery V-6 and 800-HP EV VariantThe next-generation Quattroporte will serve as Maserati's sole sedan after the Ghibli disappears, and the Folgore EV will be the most powerful model in the lineup.
続きを読む »
2025 Mini Cooper SE spy photos give us our best look yetSpies managed to catch the 2025 Mini Cooper SE showing off its skin for a photo shoot. Here's what it looks like.
続きを読む »
Switzerland to host Women’s Euro 2025 soccer tournamentSwitzerland was chosen Tuesday to host soccer’s Women’s European Championship in 2025.
続きを読む »
Donald Trump arrest: Stefanik predicts he will be 'sworn in as president' in 2025.RepStefanik predicted Donald Trump will be “sworn in as president” again in 2025 as he was arraigned. “The shameful arrest of President Trump is an unprecedented and chilling chapter in the Left’s weaponization of the justice system,' Stefanik said.
続きを読む »