FedEx Rerouting 600K Packages a Day Due to Worker Shortage
The labor shortage had a $450 million impact on the company’s quarterly results.
FedEx Gets Boost From E-Commerce Surge
"Thank goodness that we had a seven-day network when this absolute tsunami of packages hit us," CFO Alan Graf says.
FedEx CFO Alan Graf to Retire After 22 Years
Treasurer Mike Lenz will replace Graf as FedEx faces the challenge of adapting to increased ecommerce deliveries.
FedEx Marches to Its Own Beat on Pension De-risking
Rather than jump on the bandwagon of lump-sum payouts, FedEx continues to donate more to its U.S. pension plans than is required to fund future liabilities.
FedEx Sues U.S. Government Over Export Rules After Huawei Dispute
The lawsuit comes after Huawei demanded to know why the shipping company didn’t deliver a package to the United States.
Don’t Forget About Existing Technologies
While artificial intelligence is commanding great attention, finance departments should aim to maximize their use of earlier technologies.
FedEx Makes Largest Pension Annuity Purchase in Years
The $6 billion deal could be a harbinger of more such asset de-risking moves by other defined-benefit plan sponsors.
UPS’ Network Upgrade Costs Worry Investors
The company's Q4 earnings beat estimates but the expense of improving its delivery network may continue to weigh on margins.
FedEx Earnings Beat, Package Deliveries up 9%
The company predicts a record holiday season after strong domestic and international shipping demand over Thanksgiving.
Using cost discipline, astute capital investments, and operational know-how, these 20 CFOs aim to guide their companies to a growth-filled future.