FedEx stock gains after company announces dividend boost, plans to consolidate

United States News News

FedEx stock gains after company announces dividend boost, plans to consolidate
United States United States Latest News,United States United States Headlines

FedEx Corp. plans to consolidate its operating companies into a single organization, it announced Wednesday. The logistics giant sees the move, which will...

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

FedEx Corp. FDX plans to consolidate its operating companies into a single organization, it announced Wednesday. The logistics giant sees the move, which will bring FedEx Express, FedEx Ground, FedEx Services, and other operating companies together, as one that will drive “efficiencies that will enhance the company’s ability to meet the evolving needs of customers and ultimately build a stronger, more profitable enterprise.” The transition is expected to be fully implemented in June 2024.

FDX plans to consolidate its operating companies into a single organization, it announced Wednesday. The logistics giant sees the move, which will bring FedEx Express, FedEx Ground, FedEx Services, and other operating companies together, as one that will drive “efficiencies that will enhance the company’s ability to meet the evolving needs of customers and ultimately build a stronger, more profitable enterprise.” The transition is expected to be fully implemented in June 2024.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in US
 

United States United States Latest News, United States United States Headlines



Render Time: 2025-01-15 02:40:49