FedEx will accelerate its transformation toward a leaner enterprise in the second half of the year when it ramps up segmentation of its air assets and sheds daytime flying capacity tied to an expiring U.S. Postal Service contract, said Chief Financial Officer John Dietrich at a recent Bank of America conference.
Efficiencies gained by those restructuring efforts are positioning the integrated parcel and logistics giant for growth when the freight market eventually improves, Dietrich explained....
https://www.freightwaves.com/news/fedex-poised-to-adjust-air-network-in-efficiency-drive