FedEx remains confident in high capture rate

Sees roughly $1.4B in FedEx Express cost savings by FY25, roughly $1.1B in Ground cost savings by FY25, and roughly $1.5B in Shared & Allocated Expenses cost savings by FY25. Says operating environment in Q2 was "challenging." Says simplified pricing is the future of LTL industry. Says remains confident in high capture rate. Says profitability continues to be pressured.