FedEx to fold Canada contractor-based Ground unit into Express

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FedEx to fold Canada contractor-based Ground unit into Express
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The move comes as FedEx is revamping operations to boost profits and better compete with rivals like UPS, Amazon.com and regional delivery firms

FedEx made a similar change in the U.S. states of Alaska and Hawaii last year.

Still, the company said there will be U.S. markets where packages shift from Express to Ground, its outsourced delivery arm. Memphis, Tennessee-based FedEx in April said it planned to combine the two delivery units as part of its wider effort to slash $4 billion in permanent costs by the end of its 2025 financial year. That announcement came almost a year after activist investor D.E. Shaw pushed for change and won two additional board seats.Checking box will enable automatic data updates.

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