FedEx Corporation’s (FDX) cost-cutting initiatives are commendable. The announcement of DRIVE, a comprehensive program to improve the company’s long-term profitability, is impressive. However, weakness in FDX's largest segment, the Express unit, owing to volume-related woes is a major headwind. Factors Favoring FDX FedEx's efforts to control costs in the face of persistent revenue weakness are impressive. The announcement of DRIVE is expected to result in permanent savings of $1.8 billion this fiscal year a ...