Netflix said it objected to the decision. Recommended Italian Authority Fines OpenAI $15.6 Million for Alleged GDPR Violations FedEx Divests FedEx Freight and Shifts Gears to DRIVE Program CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards European Commission Approves Nvidia’s Proposed Acquisition of Run:ai See More In: AI, AI regulation, artificial intelligence, ChatGPT, consumer privacy, data protection, EU, European Union, fines, Garante, GDPR, General Data Protection Regulation, Italy, legal, News, OpenAI, PYMNTS News, What's Hot FedEx Divests FedEx Freight and Shifts Gears to DRIVE Program By PYMNTS | December 20, 2024 | Fedex earnings FedEx is taking steps to streamline its operations by prioritizing its DRIVE program and separating FedEx Freight into a standalone, publicly traded company.
By FedEx President and CEO Raj phone number search germany Subramaniam Thursday (Dec. 19) during the company’s second-quarter earnings call, which saw the company’s total sales of $22 billion slip 1%. Amid these challenges, Subramaniam highlighted the ongoing success of FedEx’s DRIVE program, which he said is critical to the company’s operational improvements. Originally conceived as a structural cost optimization initiative, DRIVE has grown into a broader strategy that fosters efficiency and enhances decision-making across the business.
DRIVE: A Catalyst for Growth I’ve talked about DRIVE as our structural cost optimization program, Subramaniam said to analysts. The reality is that within FedEx, DRIVE has evolved to be so much more. It’s a new data and technology driven business architecture that has changed how we work across our entire enterprise, introducing more rigor and accountability to every decision we make, leading to a continuous cycle of efficiency and optimization. DRIVE, he added, has clearly evolved to be how we work in this company.
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