FedEx chief charts 'reglobalization' amid cultural overhaul and new data venture
Raj Subramaniam, FedEx's CEO, describes a rapid shift he calls 'reglobalization' while steering the $95 billion firm through a cultural reset and the launch of a data-focused business.
In an interview at FedEx's Memphis headquarters, CEO Raj Subramaniam highlighted how the carrier's real-time data reveals a swift reordering of global trade, a phenomenon he dubs 'reglobalization.' He explained that imports to the United States have fallen while exports have risen, with notable growth in Latin America, Southeast Asia and India. Following the 2025 death of founder Fred Smith, Subramaniam has embraced a cultural stewardship role while launching DRIVE, a multi-year plan that combines a U.S. network merger, a digital push through the new Dataworks platform, and an organizational revamp.
Dataworks, built on two petabytes of daily data and AI, already partners with Dun & Bradstreet and ServiceNow. The CEO also completed the spin-off of FedEx Freight, which began trading on the NYSE on June 1. Revenue rose 8 % to $94.7 billion, but Subramaniam stresses that sustainable margin growth must follow cost cuts. He frames ongoing change as essential to avoid extinction, echoing the founder's legacy of adaptation.
Why it matters
FedEx's strategic shift affects global supply chains, data services, and employment for millions worldwide.
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