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Fortune

Sheryl Estrada

How FedEx CFO John Dietrich plans to save $2 billion by the end of 2027

FedEx Express Ground

(Credit: FedEx Corporation)

Good morning. FedEx is kicking off what CFO John Dietrich calls a “new era of value creation,” dialing back big capital spending and doubling down on its network, data, AI, and tighter financial discipline to hit its 2029 goals.

At its 2026 investor day last week, FedEx (No. 49 on the Fortune 500) projected 4% annual revenue growth to $98 billion (excluding FedEx Freight) between FY26 and 2029, $8 billion in operating income, and $6 billion in adjusted free cash flow by 2029.

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