FedEx’s Network 2.0 overhaul is 25% complete and expected to reach 40% by May 31, as noted by TD Cowen analysts. This initiative aims to integrate the company’s Ground and Express operations in the U.S., following its initial rollout in Canada. The company anticipates long-term financial improvements, with projected expense reductions of $1 billion for FY 2026. Approximately 360 stations are now equipped for combined operations, and about 140 facilities have been closed to eliminate redundancies. The initiative also focuses on enhancing customer experiences.

Source: https://www.supplychaindive.com/news/fedex-network-2-progress-completion-td-cowen/805801/