AI Prospecting for FedEx

FedEx is laying off hundreds of workers in Raleigh and Durham, North Carolina, as part of a business reorganization, affecting 181 couriers in Raleigh and 123 employees in Durham, with layoffs effective in February. The company has also reinstated services to and from Ukraine and continues to manage service disruptions from Hurricanes Helene and Milton[3][4][2].

FedEx reported higher full-year diluted EPS of $17.21 and adjusted diluted EPS of $17.80 for fiscal 2024, with revenue of $22.1 billion. The company saw improvements in operating income and margin due to lower structural costs from its DRIVE program. FedEx plans to repurchase $2.5 billion of its stock in fiscal 2025 and has announced a 10% increase in its annual dividend. Additionally, FedEx is consolidating its operating companies into a single organization, except for FedEx Freight, and is closing seven FedEx Freight service centers to align with forecasted demand[1][3][4].

FedEx is prepared for the 2024 holiday shipping season, introducing enhanced visibility tools and package tracking through the FedEx Mobile app. The company expects its busiest day to be Cyber Monday, December 2, and has provided specific shipping deadlines to ensure packages arrive by December 24. FedEx has also modernized its network to handle large packages and offers simple, affordable pricing options like FedEx One Rate[1][2][4].