FedEx is trading 6.03% down at $306.97 after reports that its Network 2.0 restructuring is expanding, with hundreds of facilities closing and thousands of jobs being eliminated.
- The multiyear consolidation combines Ground and Express operations to reduce costs.
- The scale of the closures and workforce reductions appears to be weighing on sentiment.
- FedEx closed at $326.67 on August 12, 2026, while broader indexes finished modestly higher.