FedEx Freight Separation
FedEx announced the decision to separate FedEx Freight into a separate entity, aiming to unlock significant value for stockholders and position both companies for enhanced focus and competitiveness.
DRIVE Savings Achievement
FedEx achieved DRIVE savings of $540 million in Q2, with a target of $2.2 billion in incremental savings for FY '25.
International Export Growth
International export package volumes increased 9% in the quarter, driven by international economy, signaling progress from the Tricolor strategy.
European Market Progress
FedEx reported improved performance in the European market, achieving revenue growth and DRIVE savings with enhanced network optimization.
Peak Season Performance
December volumes are running ahead of forecast with peak surcharge revenue expected to be up year-over-year.