Latest news with #RajSubramaniam
Yahoo
3 days ago
- Business
- Yahoo
FedEx Corporation (FDX) Has A Warehouse With No People, Says Jim Cramer
We recently published . FedEx Corporation (NYSE:FDX) is one of the stocks Jim Cramer recently discussed. FedEx Corporation (NYSE:FDX) is one of the largest courier and transportation companies in the world. Its shares have lost 17% year-to-date as weak earnings reports, coupled with trade and tariff uncertainties, have affected them. FedEx Corporation (NYSE:FDX) has also suffered due to the Trump administration's decision to revoke the de minimis exemptions, which meant that the volume of shipments sent to the US dropped significantly. In his previous remarks about FedEx Corporation (NYSE:FDX), Cramer has praised the firm's CEO. This time, he commented on the firm's warehouse operations: 'So I think that, there isn't anything in my mind that says that, you take warehouses being up, that employing people in warehousing and then you look at FedEx, which has got a gigantic warehouse in the Boston area with no people.' Previously, the CNBC TV host was full of praise for FedEx Corporation (NYSE:FDX)'s CEO Raj Subramaniam: 'UPS, look, one of the things that I've got to hand, FedEx, Raj Subramaniam was in there. Man, he's giving you numbers. And Subramaniam's a hitter, okay. We have a lot of hitters today. Kelly Ortberg, hitter. Who's a misser?' While we acknowledge the potential of FDX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
6 days ago
- Business
- Yahoo
FedEx appoints new tech chief
This story was originally published on CIO Dive. To receive daily news and insights, subscribe to our free daily CIO Dive newsletter. Dive Brief: FedEx appointed Vishal Talwar as its new EVP and chief digital and information officer, according to a Tuesday announcement. Talwar will report to FedEx CEO and President Raj Subramaniam, the company said in an email. Talwar joins the shipping giant after a decade-long stint at Accenture, where he most recently served as chief growth officer and senior managing director. Prior, he held a variety of roles at Wipro, Dell and IBM. The executive had been "heavily engaged" with FedEx's ongoing digital transformation for nearly two years as part of his work with Accenture, the company said. 'His institutional knowledge and industry expertise will be instrumental as we continue to advance our long-term strategy and harness the full potential of FedEx intelligence to deliver even greater value to our customers and stockholders,' Subramaniam said in the announcement. Dive Insight: Talway replaces Sriram Krishnasamy, who left the role suddenly in July after a year in the role. Krishnasamy will remain with the company as executive advisor role until the Fall and will receive a $3.27 million cash payout per the terms of his separation agreement, according to a Tuesday securities filing. The executive led a $4 billion structural cost reduction effort at the end of the 2025 year, FedEx said in the filing. Under Talwar's leadership, the company plans to continue its digital transformation efforts, with a focus on data, AI, infrastructure and cybersecurity initiatives. Senior leaders of the Data and Technology and Dataworks organizations will report directly to Talwar. 'I am honored to join FedEx during such a transformative period as the company leverages the power of technology, data, and AI to make supply chains smarter for everyone,' said Talwar in the announcement. 'I've had the privilege of working closely with FedEx in an advisory capacity, and that experience has given me a deep understanding of the business, the team, and the strategic direction." The shipping giant has been executing a multiyear revamp of its shipping operations as part of an effort called Network 2.0. The company closed 100 shipping centers as of May 31, and more closures are expected ahead amid the ongoing merger of its Ground and Express networks. Recommended Reading Salesforce automates ESG reporting in sustainable cloud product
Yahoo
01-08-2025
- Business
- Yahoo
FedEx Corporation (FDX)'s CEO Is A 'Hitter,' Says Jim Cramer
We recently published . FedEx Corporation (NYSE:FDX) is one of the stocks Jim Cramer recently discussed. FedEx Corporation (NYSE:FDX) is one of the biggest logistics companies in the world. Its shares have lost 18% year-to-date and fell by 7.7% in July after the White House decided to end de minimis exemptions for packages arriving in the US. The dip added to FedEx Corporation (NYSE:FDX)'s woes as the shares fell in June after the firm's earnings reports and in April after President Trump announced the Liberation Day tariffs. For his part, Cramer's quite optimistic about FedEx Corporation (NYSE:FDX)'s CEO Raj Subramaniam: 'UPS, look, one of the things that I've got to hand, FedEx, Raj Subramaniam was in there. Man, he's giving you numbers. And Subramaniam's a hitter, okay. We have a lot of hitters today. Kelly Ortberg, hitter. Who's a misser?' Africa Studio/ Previously, the CNBC TV host discussed FedEx Corporation (NYSE:FDX)'s exposure to trade tensions between the US and Europe: 'I wanna keep an eye on that, because I know that a company like FedEx, I mean cross border's really, really huge.' While we acknowledge the potential of FDX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
15-07-2025
- Business
- Yahoo
FedEx Network 2.0: Tracking closures, layoffs across the US
This story was originally published on Supply Chain Dive. To receive daily news and insights, subscribe to our free daily Supply Chain Dive newsletter. FedEx is making layoffs and closing facilities across the country as part of a plan to integrate its historically separate Ground and Express networks. The yearslong overhaul known as Network 2.0 aims to improve the carrier's pickup and delivery processes, trim costs and strengthen its position against competitors like UPS. Through that plan, FedEx is shuttering ship centers to streamline its operations and move toward a future without overlapping driver routes. The company has shuttered 100 stations as of May 31, and more closures are on the way, President and CEO Raj Subramaniam said on a June 2025 earnings call. FedEx says the plan won't hurt transit times and will reduce complexity for shippers, as they won't have to navigate separate Express and Ground pickups. But with such a wide-ranging initiative, customers still want to know what's changing even if delivery speeds are unaffected, EVP and Chief Customer Officer Brie Carere said in March 2024. To keep FedEx shippers updated on the company's consolidation efforts, Supply Chain Dive has compiled information on which facilities are closing or reducing staff due to Network 2.0, along with the number of employees impacted, in the map and table below. We will continue to update this page as new closures and workforce reductions are confirmed. Ship centers Supply Chain Dive has confirmed will close or reduce staffing since 2023. Keep track of the logistics giant's closures and staffing reductions, along with any disclosed employee impacts and effective dates, with this table. Use the search bar to filter by state. Editor's Note: If you know of a FedEx facility closure due to Network 2.0 that is missing from this list, send us an email at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-06-2025
- Business
- Yahoo
FedEx Freight announces C-suite leadership for spinoff
This story was originally published on Trucking Dive. To receive daily news and insights, subscribe to our free daily Trucking Dive newsletter. FedEx Freight, an LTL segment slated for a spinoff next year, is filling out its C-suite. The business detailed longtime FedEx leaders who will take over oversight of the new company and also announced an outsider as part of the mix, according to FedEx CEO and President Raj Subramaniam in an earnings call this week and an investor presentation. Those seasoned staff and their new roles are: Eddie Klank as chief human resources and legal officer. Klang has nearly three decades with FedEx, including most recently as corporate VP for corporate governance securities and tax law. Mike Lyons as the chief specialized services and commercial officer. He's been with FedEx for nearly two decades, most recently as SVP of custom critical and freight strategy, per his LinkedIn profile. Clint McCoy as chief operating officer. With nearly three decades at the company, his positions have ranged from operations supervisor to SVP of operations support and engineering. Departing from that internal hiring trend, the business recently hired Michael Rodgers as chief technology officer, the company said. He recently served as CTO for Pilot Flying J and has a background in retail and finance. As previously announced, former FedEx Freight President and CEO John Smith is returning to the role. He currently leads the LTL business along with U.S. and Canada ground operations for Federal Express. R. Brad Martin, who became chair of FedEx's board following the death of Fred Smith on June 21 at age 80, will also serve as chair of the FedEx Freight board. Recommended Reading FedEx Freight operating income drops 6%
