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Top related persons:
Brie Carere - 1 Carere - 1 Raj Subramaniam - 1 Subramaniam - 1 John Dietrich - 1
Top related locs:
United States
Top related orgs:
FedEx - 1 LSEG - 1 Services - 1 Federal Express Corporation - 1 U.S . Postal Service - 1 United Parcel Service - 1 UPS - 1 USPS - 1

Search resuls for: "Federal Express Corporation"


2 mentions found


☆ FedEx shares jump after hours as massive cost-cutting measures kick in
  + stars: | 2024-06-25 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com   time to read: +4 min
FedEx shares soared more than 15% after hours Tuesday after the company reported results that topped analysts' estimates in both earnings and revenue. FedEx further expects the demand environment to moderately improve through the next fiscal year, according to Carere. Investor's eyes are also on the company's largest segment Express, which has been struggling with margin growth the past year. Subramaniam said improving performance of the Express segment is a "top priority" for the company. USPS was the largest customer for the company's Express segment.
Persons: Brie Carere, Carere, Raj Subramaniam, Subramaniam, John Dietrich Organizations: FedEx, LSEG, Services, Federal Express Corporation, U.S . Postal Service, United Parcel Service, UPS, USPS Locations: United States
☆ FedEx to fold operating divisions into one organization in cost-cutting push
  + stars: | 2023-04-05 | by ( ) www.reuters.com   time to read: +2 min
FedEx had come under criticism from investors last year for its subpar performance compared to UPS, which has a unionized workforce. In response, FedEx outlined extensive plans to cut costs, including parking planes and reducing headcount. The phased transition announced Wednesday will ultimately bring FedEx Express, FedEx Ground, FedEx Services and other FedEx operating companies into Federal Express Corporation and will be headed by present Chief Executive Officer Raj Subramaniam, the company said. John Smith will become president and CEO of U.S. and Canada Ground Operations at FedEx Express and assume leadership of surface operations across the FedEx Express, FedEx Ground and FedEx Freight businesses, effective April 16. FedEx Freight will continue to provide freight transportation services as a stand-alone company under the Federal Express Corp banner, the company added.
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