FedEx Corp. announced Tuesday evening a restructuring of its FedEx Express international air network in an effort to boost its largest unit’s sagging profits amid continued macro weakness.
The tri-color initiative, as the name implies, will divide the network into three colors: Purple will focus on priority deliveries of packages. Yellow will emphasize the deferred package and air freight segments, where much of the air shipment density lies, and will be handled through FedEx’s (NYSE: FDX)...
https://www.freightwaves.com/news/fedex-hopes-new-color-coded-air-network-will-shore-up-profits