FedEx Corp. announced the appointment of veteran executive Scott Ray as chief operating officer for U.S. and Canada Surface Operations, effective June 1. Ray will begin his transition as COO-elect on February 1 and will report directly to President and CEO Raj Subramaniam. Upon assuming the role, Ray will join the FedEx Executive Committee, succeeding John Smith, who will become CEO of FedEx Freight on June 1.

In his new capacity, Ray will oversee all facets of surface operations across the U.S. and Canada, including the safe and reliable daily delivery of millions of packages. He will also lead the implementation of Network 2.0, FedEx’s multiyear strategy aimed at optimizing network efficiency through hub enhancements, route consolidation and advanced routing algorithms. The surface operations leadership team will report directly to Ray, with no plans to refill his outgoing position as president of Surface Operations.

Scott Ray brings 39 years of FedEx experience to his expanded role, most recently serving as president of Surface Operations since 2024. Prior to that, he was executive vice president and chief operating officer for FedEx Ground. Throughout his career, Ray has spearheaded major integrations, including the consolidation of FedEx Ground and Home Delivery networks in 2010 and the 2019 integration of FedEx SmartPost. His track record in driving transformation efforts underscores his capacity to deliver improved service metrics and cost efficiencies.

Investors may view Ray’s appointment as a reinforcement of FedEx’s commitment to operational excellence and network modernization. With annual revenue of $90 billion and a target of carbon-neutral operations by 2040, the company is prioritizing efficiency gains and sustainable growth. Ray’s leadership in executing Network 2.0 could translate into lower unit costs, higher on-time performance and enhanced margin expansion, supporting long-term shareholder value.