
FedEx to Join Ground, Express Units
FedEx provided details on its plan to consolidate its Ground, Express and Service units by 2024, announced last year, with its less-than-truckload Freight unit remaining separate, projecting cost savings of $4 billion by 2025 and an additional $2 billion in network efficiencies by 2027. The consolidation, undoing the legacy of founder and executive chairman Fred Smith, will cost an estimated $2 billion, FedEx said.