FedEx Overhauls U.S. Network with Hub Closures and Digital Expansion
By Maria Kalamatas Memphis, TN — In a bold move to streamline operations and protect margins amid economic headwinds, FedEx Corporation announced the closure of two major regional hubs and the reallocation of $1.2 billion toward AI-powered logistics systems. The decision, revealed during its Q4 strategy call on May 3, is part...