FedEx has closed 100 stations as part of its initiative to merge the Express and Ground networks, known as Network 2.0, with further integration planned for June. This effort has seen 290 stations converted to handle combined volumes, aiming for significant cost savings of $2 billion by the end of fiscal year 2027. The overhaul is expected to enhance operational efficiency and competitiveness against rivals like UPS while simplifying the shipping process for customers. The earnings call followed the passing of founder Fred Smith, with R. Brad Martin now serving as board chairman.

Source: https://www.supplychaindive.com/news/fedex-network-2-express-ground-closures/751499/