FedEx Freight has announced plans to further optimize its operations and match capacity with demand through the planned permanent closure of seven facilities.Average daily shipments stayed almost flat year over year. Capital expenditures for fourth-quarter fiscal 2024 were $1.20 billion.LiquidityFedEx exited fourth-quarter fiscal 2024 with cash and cash equivalents of $6.501 billion compared with $5.644 billion at the prior-quarter end. Long-term debt (less current portion) was $20.135 billion compared with $20.122 billion at the end of the prior quarter.During fiscal 2024, FedEx returned almost $3.8 billion to shareholders which includes $2.5 billion through share repurchases and $1.3 billion in the form of dividend payments.Fiscal 2025 OutlookFDX expects revenues to grow in low-to-mid single-digit percentage year over year.