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Fedex Initiated Operational Transformation Programs In Certain International Locations To Streamline & Optimize International Domestic Operations

ReutersMar 19, 2026 9:50 PM

March 19 (Reuters) - FedEx Corp FDX.N:

FEDEX: IN JAN, INITIATED OPERATIONAL TRANSFORMATION PROGRAMS IN CERTAIN INTERNATIONAL LOCATIONS TO STREAMLINE & OPTIMIZE INTERNATIONAL DOMESTIC OPERATIONS
FEDEX - EXPECT COMBINED PRE‑TAX COSTS OF SEVERANCE BENEFITS, LEGAL AND PROFESSIONAL FEES, AND FACILITIES‑RELATED EXIT COSTS OF $225 MILLION TO $325 MILLION
FEDEX: TRANSFORMATION PROGRAMS MAY REDUCE ABOUT 5,000 OPERATIONAL EMPLOYEES
FEDEX - IN THE THIRD QUARTER OF 2026, WE INCURRED $16 MILLION OF COSTS RELATED TO TRANSFORMATION PROGRAMS
FEDEX: TRANSFORMATION PROGRAMS MAY INCLUDE CHANGING WORKING LOCATIONS AND SCHEDULES FOR UP TO 800 OPERATIONAL EMPLOYEES
FEDEX: TRANSFORMATION PROGRAMS EXPECTED TO OCCUR OVER ABOUT 18 MONTHS

Source text: [ID:n0001048911-26-000011]

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