FedEx Corp (FDX)

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FedEx Announces Largest General Rate Increase In Its History
https://www.zerohedge.com/economics/fed ... ts-history

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FedEx Misses On Revenue; Cuts Another Billion In Costs; Trims Outlook On "Continued Demand Weakness"
https://www.zerohedge.com/markets/fedex ... d-weakness

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FedEx Soars After Boosting Earnings Forecast Amid Aggressive Cost-Cutting
https://www.zerohedge.com/markets/fedex ... st-cutting

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FedEx Restructures Operations To Create More 'Flexible And Efficient' Network; Boosts Dividend By 10%
https://www.zerohedge.com/technology/fe ... s-dividend

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FedEx’s Profit Outlook Falls Short as Job Cuts Reach 29,000
https://finance.yahoo.com/news/fedex-fo ... 48446.html

[winston]

not vested

US parcel delivery giant FedEx said that it has not seen much of a shift to air freight due to disruptions in the Red Sea that have tacked on nearly two weeks to shipping transit times.

“Shipping over the ocean makes up 90 per cent of global commerce, so even a small change would have an impact, but we haven’t seen much yet,” CEO Raj Subramaniam said at the National Retail Conference on Sunday (Jan 14).

Subramaniam, who took over the reins as CEO in June last year, said air freight rates have remained stable.

Source: Phillips

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FedEx To Cut Daytime Domestic Flight Activity By 60%
https://www.zerohedge.com/markets/fedex ... ctivity-60

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Fedex Crashes After Missing Across The Board, Cutting Guidance On "Weaker Demand Trends"
https://www.zerohedge.com/markets/fedex ... and-trends

[winston]

not vested

FedEx shares tumble over 15% on limp demand, delivery trade-down

By Shivansh Tiwary, Lisa Baertlein

(Reuters) -Shares of FedEx (NYSE:FDX) slumped over 15% on Friday, the worst in two years, after a dismal first-quarter profit drop due to anemic economic conditions and an ongoing customer shift toward slower, cheaper deliveries.

FedEx, seen as a global trade barometer, lost over $11 billion in market value. Its earnings report dragged down shares in rivals United Parcel Service (NYSE:UPS) and DHL, which are also grappling with sluggish demand and an overhead cost hangover from the early pandemic's ecommerce boom.

On Thursday, Memphis, Tennessee-based FedEx reported a bigger-than-expected drop in quarterly profit on weak uptake of lucrative priority shipments between businesses, one fewer business day and below-target cost savings.

Executives brought down the top end of their earnings forecast - leading at least eight brokerages to cut stock price targets on Friday.

Nevertheless, BofA reiterated its "buy" rating on the shares given FedEx's ability to adjust pricing, further cut costs and benefit from a possible spin or sale of its profitable Freight unit, he said.

Source: Reuters

https://www.investing.com/news/stock-ma ... es-3625099

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Fedex Plunges After Earnings Miss, Slashes Guidance For 3rd Time
https://www.zerohedge.com/markets/fedex ... e-3rd-time