CLAIM #24890 · FDX (FDX) · 2025Q4 earnings call · Jun 24, 2025 · due May 31, 2027
“And we expect to by the end of this program, expect to remove roughly 30% of our surface facilities.”
Raj Subramaniam · CEO
How to check this claim
Look at: Cumulative reduction in surface facilities under Network 2.0 program, as percentage of baseline surface facility count
It came true if: Reported reduction >= 27% (approximately 30% target) of surface facilities by end of program
Where: Company disclosures on Network 2.0 progress (earnings calls, investor presentations, 10-K)
In context
“omer service and not only maintain but enhance our service. We're seeing good progress on both the reliability side as well as the financial side for those locations we have transitioned. We're seeing the 10% improvement on our PUD. So we're learning along the way too, and we're adapting along the way. So I think it's fair to say we're on track. We've put our targets out there in terms of the $2 billion with Network 2.0 and as part of OneFedEx. I view those as going hand in hand. We look forward to updating you on. But I'd say it's on track. Raj Subramaniam: Yeah. And thank you, Tom. Again, I think I would just say, first of all, I'm very pleased with how we're progressing here. As of at the end of FY 2025, we've closed 100 stations and integrated 290 stations under the Network 2.0 model. And we expect to by the end of this program, expect to remove roughly 30% of our surface facilities. So I was just out there on the West Coast where we just implemented the Network 2.0. I was just so delighted to see how well that they have done, the morale of the team, how the team is working together. So, yes, we're you know, this is a journey for us, but I think so far, so good, Tom. Thank you. Operator: This concludes our question and answer session. I would like to turn the conference back over to Raj Subramaniam for any closing remarks. Raj Subramaniam: Well, in closing, I would like to extend a sincere thank you for the outpouring of support received as we mourn Fred's loss. The words of support, anecdotes, thoughts, prayers that have poured in over the last seventy-two hours are a testament to the life and legacy he leaves behind. I'll end with a story that embodies who Fred was”
Verify independently
SEC filings for FDX ↗ · Claim quote is verbatim from the 2025Q4 earnings call.