Key Takeaways FedEx is pursuing major cost cuts under its DRIVE initiative to counter lower package volumes.FDX achieved $4B in savings across fiscal 2024-2025 and eyes $1B more in fiscal 2026.Cost actions include flight reductions, aircraft parking and staff cuts amid soft demand.FedEx (FDX) is realigning its costs under a company-wide initiative called DRIVE, in response to post-COVID business adjustments. The DRIVE program resulted in $1.8 billion in permanent savings in fiscal 2024. The program resulted ...