'We have to eat a bowl of Tricolor? Ugh': investors wary of FedEx restructure

© Fabrizio Zanier

Investors seem less than impressed by FedEx’s announcement this week that it is restructuring its air network.

In an earnings call characterised by a failure to fully answer investor questions, CEO Raj Subramaniam explained that growth in e-commerce and a change in volume mix towards deferred services had led the integrator to “reconfigure” its network to focus on speed and density.

Mr Subramanian called the process ’Tricolor’, and said it was “momentous”.

“First,” he explained, “we will deploy what we call our purple ...