FedEx is rolling out pricier surcharges, efficiency-boosting programs and spending cuts as the parcel delivery giant navigates a soft demand environment.

The company's revenue was about flat year-over-year for the quarter that ended Aug. 31, and it's pursuing higher peak season surcharges and lower per-package delivery costs to ignite improved results in the coming months.

Executives detailed FedEx's plans and the strategy behind them during the company's Q1 earnings call last week. Here are three key takeaways from the call and the quarterly financial filing that accompanied it.