Fedex News April 2024. The delivery company said wednesday, april 5, that fedex express, fedex ground, fedex services and other. The consolidation of operations is expected to save fedex $4 billion.

Fedex reported that capital spending for fiscal 2024 was $5.2 billion, down 16% from $6.2 billion in fiscal 2023 and less than the $5.7 billion it forecasted in its fiscal. Fedex’s consolidation effort is part of its drive initiative to generate $4 billion of permanent cost reductions in fiscal year 2025.