Industry News

Siriani & Associates has been designing comprehensive freight savings plans (FSP) for various associations since 1982. As the innovators of the FSP, Siriani takes pride in providing associations and their members with unparalleled customer service.

US Shipping Map

FedEx Sets Three-Year $1.7 Billion Profit Growth Plan

October 10, 2012

FedEx has announced programs targeting annual profitability improvement of $1.7 billion during the next three years, with a significant portion of the benefits achieved by fiscal 2015.

In a keynote speech to FedEx 2012 Investors and Lenders Meeting, Frederick W. Smith, FedEx chairman, president and chief executive officer, said a significant portion of the profitability improvement will come from cost reductions at FedEx Express and FedEx Services. He added that the profit improvement initiatives, along with the combined strength of FedEx Ground and FedEx Freight, would put FedEx on track to achieving its financial goals.

Smith said FedEx has many cost reduction activities underway and cited an improved information-technology function as one reason FedEx will be able to meet its goal of reducing costs.

Go back to list...

"With the additional savings from our CBA membership we are able to give more back to our Global Outreach Ministries."

Marci Regan, Operations Manager, Mariners Church Bookstore