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FedEx Announces North American Leadership Changes Amid Restructuring

Story Highlights
  • FedEx is overhauling its French ground network with €78 million of investment, station reductions, job cuts, and new roles to boost competitiveness.
  • FedEx is reshaping leadership as Scott L. Ray becomes COO for U.S. and Canada, while John A. Smith moves to lead spun-off FedEx Freight.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
FedEx Announces North American Leadership Changes Amid Restructuring

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FedEx ( (FDX) ) just unveiled an announcement.

On January 23, 2026, FedEx Express France unveiled a major transformation programme aimed at modernising and simplifying its domestic French operations to secure long-term competitiveness in a highly price-pressured parcels market, anchored by up to €78 million of investment in upgraded facilities and advanced scanning and routing technologies. The plan includes redesigning the ground network by reducing the station footprint from 103 to 86 sites, potentially cutting up to 500 operational roles and altering work locations and schedules for about 800 staff, while also creating more than 770 new full- and part-time operations positions for which affected employees will have priority, and is expected to drive business optimisation costs of $175 million to $275 million over roughly 18 months, subject to consultation with French labour representatives. In a related governance move announced on January 27, 2026, FedEx named Scott L. Ray as Chief Operating Officer, United States and Canada, at Federal Express Corporation effective June 1, 2026, succeeding John A. Smith, who will transition to lead FedEx Freight following its planned spin-off, underscoring ongoing efforts to streamline the group’s operating structure in North America alongside its European restructuring.

The most recent analyst rating on (FDX) stock is a Hold with a $306.00 price target. To see the full list of analyst forecasts on FedEx stock, see the FDX Stock Forecast page.

Spark’s Take on FDX Stock

According to Spark, TipRanks’ AI Analyst, FDX is a Outperform.

The score is driven primarily by solid underlying financial performance (healthy margins and strong free cash flow growth) and strong technical trend (price above all key moving averages). Positive earnings-call signals—raised EPS outlook and ongoing Network 2.0/spin-off execution—add support, partially offset by leverage and operational/industrial headwinds (MD-11 grounding and Freight weakness). Valuation appears reasonable but not especially cheap, with a modest dividend yield.

To see Spark’s full report on FDX stock, click here.

More about FedEx

FedEx Corp. is a global transportation, e‑commerce and business services company, generating about $90 billion in annual revenue through an integrated logistics network that delivers parcel, freight and related services worldwide. The company serves customers and businesses with a broad portfolio spanning express delivery, ground operations and digital solutions, and employs more than 500,000 people as it pursues long-term growth and operational efficiency across key markets, including France, one of its largest in Europe.

Average Trading Volume: 1,736,404

Technical Sentiment Signal: Buy

Current Market Cap: $73.46B

For a thorough assessment of FDX stock, go to TipRanks’ Stock Analysis page.

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