Thu. Jun 13th, 2024

FedEx to pursue air network changes post-USPS contract, CFO says

May 17, 2024
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  • Losing the U.S. Postal Service air cargo contract will allow FedEx to aggressively pursue changes in its network once the deal expires in September, FedEx EVP and CFO John Dietrich said at a Bank of America conference earlier this week.
  • Experts have viewed FedEx Express daytime flight capacity as a likely target for cuts due to the contract loss. While the delivery giant will continue to serve shippers with daytime operations, it “will not be as wedded to” that area in the future, Dietrich said.
  • “We are going to continue to have a daytime operation, and we’ve some great customers on that,” the CFO said. “And will we do as much as we are doing with the U.S. Postal Service? Probably not. But we are going to continue to rationalize the network, and there’s a lot of great work going on in that area.”
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