We have established an overarching
Posted: Mon Dec 23, 2024 6:28 am
DRIVE: A Catalyst for Growth I’ve talked about DRIVE as our structural cost optimization program, Subramaniam said to analysts. The reality is that within FedEx, DRIVE has evolved to be so much more. It’s a new data and technology driven business architecture that has changed how we work across our entire enterprise, introducing more rigor and accountability to every decision we make, leading to a continuous cycle of efficiency and optimization. DRIVE, he added, has clearly evolved to be how we work in this company.
market-leading approach to overall governance polish phone numbers that leads to disciplined execution. This is going to stand us in good stead as a foundation for FedEx to execute as we go forward. The second thing is we also adopted a data-first digital mindset in solving problems while creating differentiation in our service offerings. The underlying technological innovation and transformation that we have created is quite profound. The challenges faced during the quarter, including a soft global industrial economy and competitive pricing pressures, were closely linked to the need for continuous improvements, particularly through DRIVE’s data-driven approach to cost management, according to Chief Financial Officer John Dietrich.
We remain confident in our ability to offset these headwinds with the $2.2 billion from incremental DRIVE savings, Dietrich said. This expectation further highlights how DRIVE is fundamentally changing the way we do business. We’re improving our cost structure to enable us to profitably grow with eCommerce and are well-positioned to see significant incremental margins on our priority services once global industrial production improves. FedEx Freight’s Separation and Future Outlook During the earnings call, FedEx also announced its decision to fully separate FedEx Freight, creating two publicly traded companies.
market-leading approach to overall governance polish phone numbers that leads to disciplined execution. This is going to stand us in good stead as a foundation for FedEx to execute as we go forward. The second thing is we also adopted a data-first digital mindset in solving problems while creating differentiation in our service offerings. The underlying technological innovation and transformation that we have created is quite profound. The challenges faced during the quarter, including a soft global industrial economy and competitive pricing pressures, were closely linked to the need for continuous improvements, particularly through DRIVE’s data-driven approach to cost management, according to Chief Financial Officer John Dietrich.
We remain confident in our ability to offset these headwinds with the $2.2 billion from incremental DRIVE savings, Dietrich said. This expectation further highlights how DRIVE is fundamentally changing the way we do business. We’re improving our cost structure to enable us to profitably grow with eCommerce and are well-positioned to see significant incremental margins on our priority services once global industrial production improves. FedEx Freight’s Separation and Future Outlook During the earnings call, FedEx also announced its decision to fully separate FedEx Freight, creating two publicly traded companies.