In arguably one of the most important moves in its history, FedEx Corp. said Wednesday it will combine most of its operating units into one business known as Federal Express Corp.
The transition will bring FedEx’s air, ground parcel and other operating business under one umbrella, effective June 1, 2024. FedEx Freight, the company’s LTL operation, will continue to operate as a stand-alone entity within the new corporation.
FedEx Corp.’s CEO Raj Subramaniam will run the new enterprise, the company...
https://www.freightwaves.com/news/fedex-to-combine-all-but-ltl-into-one-organization