FedEx Corporation’s (FDX) robust cost savings initiative, DRIVE, is boosting the company’s bottom line and liquidity. The shareholder-friendly approach also bodes well for the company. However, FDX is grappling with weakness in the FedEx Express segment due to lower international yields.Factors Favoring FDXDespite challenges in the revenue environment, FedEx’s cost-saving initiatives are commendable. The DRIVE initiative, a comprehensive program launched in fiscal 2023 to boost long-term profitability, has ...