FedEx shares surged over 15% in after-hours trading following a strong fiscal fourth-quarter performance that beat analyst expectations. The company reported adjusted earnings per share of $5.41, exceeding the projected $5.35, and revenue of $22.11 billion, surpassing the estimated $22.07 billion. Despite a slight revenue decline for the full fiscal year, FedEx remains optimistic about future growth driven by e-commerce and low inventory levels. The company's strategic cost-cutting measures, including the DRIVE transformation program, aim to achieve $4 billion in savings by fiscal 2025. FedEx plans to consolidate its delivery services into a unified Federal Express Corporation and anticipates improving performance in its struggling Express segment. However, challenges loom due to the loss of a major contract with the U.S. Postal Service to rival UPS, which could result in a $500 million impact in fiscal 2025.