FedEx proceeds with Network 2.0 reorganization and forecasts 12% annual revenue growth
FDX Fedex Corp
$318.84 +3.47%
View chart & analysis → - 1FedEx has completed the Network 2.0 reorganization in Dallas, San Francisco, Phoenix, and Washington D.C.
- 265% of the volume passing through optimized stations among approximately 630 stations for FedEx volume will support Network 2.0.
- 3Network 2.0 is expected to reduce redundant operating routes and unnecessary facilities, with FedEx projecting $2 billion in cumulative cost savings by the end of next year.
So what's the key point?
FedEx has finished work to make its logistics routes and facilities more efficient. This is expected to save $2 billion in costs by the end of next year.
Source Supply Chain Dive · View original ↗
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