FedEx Plans to Reduce Costs by $4 Billion


FedEx, one of the largest logistics and delivery companies in the world, is aiming to cut $4 billion in costs by combining its two main delivery networks. Thomas Black, a reporter from Bloomberg News Industrial, Logistics and Aerospace, recently explained how the company plans to accomplish this goal. Tom Siebel, CEO of, shared his opinion on the accounting and disclosure issues alleged by short-seller Kerrisdale Capital, and called them “complete fiction.” Later, Bill Davis, Portfolio Manager at Hennessy Funds, led “We Drive to the Close.”

FedEx is a global transportation and logistics company that offers express delivery, ground shipping, and freight services. Founded in 1971 by Fred Smith in Little Rock, Arkansas, the company operates in more than 220 countries and territories, and employs more than 500,000 people worldwide. FedEx also offers a range of digital and freight forwarding services, such as product tracking and traceability, digital recordkeeping, and more.

Tom Siebel is the founder and CEO of, a software company that provides cloud-based applications for analytics and digital transformation. With experience in the technology sector spanning more than four decades, Mr. Siebel has served as CEO of Siebel Systems and Oracle Corporation. He is also the executive chairman of and other companies, and has been involved with a number of technology and software companies.