FedEx sees FY26 capital spending $4.5B

Sees permanent cost reductions of $1B from the DRIVE and Network 2.0 transformation programs. “Our fourth quarter and full-year results illustrate our determination to manage costs, reduce capital intensity, and increase earnings in order to unlock additional stockholder value,” said John Dietrich, FedEx (FDX) Corp. executive vice president and chief financial officer. “In fiscal 2026, we will remain focused on advancing our network transformation while maintaining a disciplined approach to capital spending and returning capital to our stockholders.”