A FedEx truck makes deliveries in Mount Lebanon, Pa., on Monday, Jan. 23, 2023. FedEx will combine its air, ground and other divisions as part of a $4 billion cost cutting plan. The delivery company said Wednesday, April 5, that FedEx Express, FedEx Ground, FedEx Services and other FedEx operating companies will be rolled into Federal Express Corp. by June 2024. (AP Photo/Gene J. Puskar)

NEW YORK (AP) — FedEx will combine almost all of its ground, air and other operations by next year as part of a $4 billion cost cutting plan. The package delivery company said Wednesday that FedEx Express, FedEx Ground, FedEx Services and other FedEx operating companies will be rolled into a single entity by June 2024 in a companywide reorganization. FedEx Freight, the company’s freight transportation services division, will continue as a stand-alone company within Federal Express. The company said in September that its operating expenses were rising and that it was maneuvering to address those costs.