"Thank goodness that we had a seven-day network when this absolute tsunami of packages hit us," CFO Alan Graf says.
Treasurer Mike Lenz will replace Graf as FedEx faces the challenge of adapting to increased ecommerce deliveries.
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.
The lawsuit comes after Huawei demanded to know why the shipping company didn’t deliver a package to the United States.
The company cited slowing growth in the global economy.
While artificial intelligence is commanding great attention, finance departments should aim to maximize their use of earlier technologies.
The $6 billion deal could be a harbinger of more such asset de-risking moves by other defined-benefit plan sponsors.
The company's Q4 earnings beat estimates but the expense of improving its delivery network may continue to weigh on margins.
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.
The reduced forecast for 2017 reflects an increase in capital spending to $5.1 billion as FedEx tries to keep pace with ecommerce growth.
One-time charges contribute to an $895 million net loss.
