Thomas Black, Columnist

FedEx Investors Should Cheer Its Retreat From Online Shopping

February 13, 2026 at 11:00 AM UTC

Thomas Black is a Bloomberg Opinion columnist writing about the industrial and transportation sectors. He was previously a Bloomberg News reporter covering logistics, manufacturing and private aviation.

FedEx is focusing on higher-value packages.
Photographer: David Paul Morris/Bloomberg

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FedEx Corp. Chief Executive Officer Raj Subramaniam wants everyone to know that four years into a whirlwind transformation to cut costs, shed its trucking business and combine delivery services, the company now operates a global industrial network.

That was the theme of FedEx’s investor day on Thursday as the company prepares to spin off its trucking unit, which has a higher profit margin than the overall company, and focuses on bolstering margins with cost savings and a focus on higher-value packages.