CMA CGM buys large chunk of FedEx Logistics to shore up Ceva
Deal time
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By Alex Lennane
FedEx last night issued a “very disappointing” set of second-quarter results, with adjusted net income down nearly 40% to $660m, on revenues down almost 3% to $17.3bn.
The loss of Amazon’s domestic US contract, shorter peak period and the seemingly never-ending integration of TNT, which ”dragged ...
Comment on this article
Michael J Hale
May 19, 2020 at 4:45 amI think that Fedex/TNT in Australia should be looking at more small business and general public customers by lowering pallet costs. Their is a bigger profit margin in individual pallets rather than bulk, as evidenced by the number of small trucking operators who are doing well. The other problem in Australia is that it takes about 10 days for a small freight item, say 6kg in weight, to get from Melbourne to Brisbane and about 7 days from Sydney to Brisbane. On an irregular basis to get it quicker most customers are not concerned if the price is say 10% more than those offering a slower service. It all gets back to good marketing.
Paying AustPost a premium these days does not get an item delivered quicker. You are lucky if it arrives the same day as ordinary parcel post.