"Dubai Chambers" and "FedEx" Review supply chain readiness in the emirate. April 30, 2026 14:58 Dubai (Alittihad) The Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, in collaboration with FedEx, the world's largest express transportation company, organized an open dialogue on the readiness of supply chains in Dubai amidst current global changes and ways to enhance the flexibility of logistics services across all sectors. The event was attended by 196 representatives of companies operating in Dubai and featured an interactive discussion on suitable logistics business frameworks for the current period and ways to enable companies to adapt to global shipping line disruptions caused by recent events through flexible, fast, and efficient transportation services that support global trade flow. Maha Al Gargawi, Vice President of Business Community Support at Dubai Chambers, said that close cooperation between the public and private sectors is a fundamental pillar of Dubai's advanced business ecosystem. Thanks to the emirate's advanced logistics infrastructure, Dubai continues to strengthen its position as a leading global business and trade hub, with flexibility and full readiness to adapt to all global circumstances and changes. Sami Busaba, Managing Director of Sales at FedEx Middle East, Indian Subcontinent, and Africa, said that global trade is currently experiencing an accelerating pace of change, highlighting the importance of relying on smart and interconnected logistics networks that provide real-time visibility and enable companies to make faster and more confident decisions. The event addressed mechanisms for proactively enhancing logistics flexibility by companies as one of the most urgent priorities across all sectors, through leveraging digital intelligence, relying on alternative shipping routes, adopting flexible operational models and multimodal logistics services to ensure business continuity under various conditions, while developing capabilities to proactively handle any emergency disruptions to global supply chains. Participants also discussed the key lessons learned from current global challenges and ways to develop proactive and effective policies for dealing with global emergencies, in addition to the future contours of the global logistics sector in the wake of current events.

FedEx CFO John Dietrich will step down on 1 June, coinciding with the spin-off of the company's FedEx Freight business into a separate publicly traded entity. Claude Russ, currently FedEx's enterprise vice president of finance, will serve as interim CFO whilst the company conducts an internal and external search for a permanent successor. Russ will continue in his current role alongside the interim CFO position. A 24-year FedEx veteran, he has previously served as CFO of FedEx Freight and senior vice president of revenue management at FedEx Services. He will receive $25,000 monthly during his interim tenure, plus a one-time $50,000 restricted stock unit award vesting over three years. Dietrich joined FedEx in June 2023 after over two decades at Atlas Air.

Ritholtz Wealth Management has purchased a new stake in FedEx Corporation, acquiring 6,083 shares valued at approximately $1.76 million during the fourth quarter, according to a recent Securities and Exchange Commission filing. The New York-based investment management firm's position represents part of its strategy to diversify its portfolio within the transportation and logistics sector. FedEx currently has a market capitalisation exceeding $88 billion. The investment signals institutional confidence in FedEx's growth potential as the Memphis-headquartered company navigates the evolving logistics and e-commerce landscape. FedEx is widely regarded as a bellwether for the shipping and logistics industry.