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FedEx is combining rather itamp;#39;s air ground and other operations in a four billion dollar cost cutting plan the package delivery company will become a single entity in June of 2024 FedEx freight is the only division that will remain a standalone company FedEx says its operating expenses are rising and will slow down new hires and operate fewer flights Indianapolis is home to the second largest FedEx Express facility in the world at the Indianapolis International Airport FedEx employs over eight and a half thousand people across the city