Raj Subramaniam

FedEx combining main units — except LTL — into 1 organization

In unarguably one of the most important moves in its history, FedEx Corp. said Wednesday it will combine three of its operating units, including its two largest, into one business known as Federal Express Corp.

The transition will bring FedEx’s (NYSE: FDX) air, ground parcel and FedEx Services businesses 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. The company didn’t explain...

https://www.freightwaves.com/news/fedex-combining-main-units-except-ltl-into-1-organization

UPS, Teamsters expected to ink deal no later than June 30

A leading parcel industry consultant said Tuesday that he expects a contract agreement between UPS Inc. and the Teamsters union to be reached no later than June 30.

The comments from Satish Jindel, president of Ship Matrix Inc., are the first from any consultant to go as far as forecasting a time frame for averting what could be a potentially devastating walkout by 350,000 UPS-employed Teamsters. Jindel has also gone on record as saying there is no chance there will be a strike.

In a follow-up...

https://www.freightwaves.com/news/ups-teamsters-expected-to-ink-deal-no-later-than-june-30

FedEx launches 50-day humanitarian initiative to mark 50th anniversary of flight

FedEx Corp. (NYSE: FDX) said Monday it has launched a 50-day humanitarian initiative that will culminate on April 17, the 50th anniversary of the company’s first day of flight and ground operations.

The program, which FedEx coined 50 Days of Caring, calls on company employees to give back to their communities through service projects across the globe. The company said it will hold events and share stories that honor employees and customers. 

Separately, FedEx said it had surpassed its FedEx Cares...

https://www.freightwaves.com/news/fedex-launches-50-day-humanitarian-initiative-to-mark-50th-anniversary-of-flight

FedEx to shave daily flights to align costs with lower demand

A FedEx plane

FedEx Corp. will cut daily flights across the Atlantic, the Pacific and between Asia and Europe as it begins the process of aligning its cost structure with what the company has said is declining worldwide demand.

FedEx (NYSE: FDX) will cut 11% of its trans-Pacific flights, 9% of its trans-Atlantic flights and 17% of its flights between Asia and Europe, the company told analysts Thursday night soon after officially releasing its fiscal 2023 first-quarter results. 

The company stunned everyone...

https://www.freightwaves.com/news/fedex-to-shave-daily-flights-to-align-costs-with-lower-demand

FedEx launches long-awaited operational integration

FedEx Corp. said Wednesday it has launched a long-awaited strategy to integrate all of its operations, a move that signals the end of the operationally siloed business model that was the hallmark of FedEx’s first 50 years.

The strategy, Network 2.0, will cost about $2 billion to implement over the next five years, company executives said during a meeting of analysts and investors at its Memphis, Tennessee, headquarters. If all goes according to plan, it will add $2 billion to FedEx’s (NYSE: FDX)

https://www.freightwaves.com/news/fedex-launches-long-awaited-operational-integration

FedEx taps Carere as company’s first chief customer officer

FedEx Corp. said Thursday that it named Brie Carere, currently its chief marketing and communications officer, to be the company’s first chief customer officer.

Carere, 42, will have a wide berth at FedEx (NYSE: FDX). She will oversee a centralized operation that encompasses strategy, sales, product development, digital experience, marketing, communications, customer experience, revenue management and FedEx Office retail teams. 

The new alignment is designed to support what FedEx called a...

https://www.freightwaves.com/news/fedex-taps-carere-to-manage-end-to-end-customer-experience

Breaking: Fred Smith named FedEx executive chairman

FedEx Corp. said late Monday that Frederick W. Smith, the company’s founder, chairman and CEO, will become executive chairman, effective June 1. Raj Subramaniam, FedEx’s president and chief operating officer, will become CEO on that date.

The COO position will not be filled once Subramaniam relinquishes it on June 1, the company said.

Subramaniam, 54, has been named president- and CEO-elect, effective immediately.

R. Brad Martin, chairman of the FedEx (NYSE: FDX) board’s audit committee, has been...

https://www.freightwaves.com/news/breaking-fred-smith-named-fedex-executive-chairman

Última hora: Fred Smith es nombrado presidente ejecutivo de FedEx

FedEx Corp. dijo a última hora del lunes que Frederick W. Smith, fundador, presidente y director general de la compañía, se convertirá en presidente ejecutivo, a partir del 1 de junio. Raj Subramaniam, presidente y director de operaciones de FedEx, se convertirá en consejero delegado en esa fecha.

El puesto de director de operaciones no se cubrirá una vez que Subramaniam lo ceda el 1 de junio, dijo la compañía.

Subramaniam, de 54 años, ha sido nombrado presidente y director general electo, con...

https://www.freightwaves.com/news/ultima-hora-fred-smith-es-nombrado-presidente-ejecutivo-de-fedex

En FedEx, ¿se pondrá una nueva persona la corona de CEO?

Photos of two men on a picture of FedEx trucks.

Los planes de sucesión en las empresas pueden ser complejos. En FedEx Corp., una empresa de 90.000 millones de dólares que ha sido dirigida por su fundador durante 51 años, lo es aún más.

Pero el momento de la sucesión puede llegar pronto, según un destacado consultor que tiene una larga trayectoria en FedEx. A finales de 2022, y quizás ya en su reunión de inversores y analistas del 28 y 29 de junio, el gigante con sede en Memphis, Tennessee (NYSE: FDX) podría anunciar que el fundador,...

https://www.freightwaves.com/news/en-fedex-se-pondra-una-nueva-persona-la-corona-de-ceo

At FedEx, will a new person wear the CEO crown?

Corporate succession plans can be complex creatures. At FedEx Corp., a $90 billion company that has been run by its founder for 51 years, it is even more so.

But the time for succession may soon be coming, according to a prominent consultant who has a long history with FedEx. By the end of 2022, and perhaps as early as its investor and analyst meeting on June 28 and 29, the Memphis, Tennessee-based giant (NYSE: FDX) could announce that founder, Chairman and CEO Frederick W. Smith (at left in...

https://www.freightwaves.com/news/at-fedex-will-a-new-person-wear-the-ceo-crown

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