'The FedEx effect'
US logistics integrator FedEx recently released its “annual economic impact report” that focused on the ...
WTC: BACK UPDHL: SUPPLY CHAIN LEADS BUT FORWARDING LAGSDSV: BOND PACKAGECAT: INVENTORY RANGECAT: CHINA STIMULUS VIEWCAT: SLUGGISH CYCLE HITSCHRW: STRONG INTERIMSDHL: GUIDANCE UPDATEXPO: EARNINGS BEAT VALUE ALIGNMENTXPO: MORE ON ELASTICITY OF DEMAND VS PRICEXPO: DIVESTMENT ON THE RADARXPO: YELLOW TAILWINDXPO: OUTLOOKXPO: CONF CALLDSV: STRONG TRACTIONCHRW: CHICKENS COME HOME TO ROOSTMAERSK: AHEAD OF NUMBERSXPO: STRONG RELEASE XPO: RALLY MODE ON
WTC: BACK UPDHL: SUPPLY CHAIN LEADS BUT FORWARDING LAGSDSV: BOND PACKAGECAT: INVENTORY RANGECAT: CHINA STIMULUS VIEWCAT: SLUGGISH CYCLE HITSCHRW: STRONG INTERIMSDHL: GUIDANCE UPDATEXPO: EARNINGS BEAT VALUE ALIGNMENTXPO: MORE ON ELASTICITY OF DEMAND VS PRICEXPO: DIVESTMENT ON THE RADARXPO: YELLOW TAILWINDXPO: OUTLOOKXPO: CONF CALLDSV: STRONG TRACTIONCHRW: CHICKENS COME HOME TO ROOSTMAERSK: AHEAD OF NUMBERSXPO: STRONG RELEASE XPO: RALLY MODE ON
SEEKING ALPHA reports:
FedEx Corporation (NYSE:FDX) traded lower after reporting lower global volume in FQ4 and setting full-year profit guidance below expectations.
The Memphis-based shipping giant reported total revenue of $21.9B for the quarter vs. $22.66B consensus. Express segment revenue was $10.41B vs. $10.76B consensus. The Express segment saw operating results decline due to lower global volumes, partially offset by decreased expenses and higher U.S. domestic yields. The Ground segment saw results improve results primarily due to higher revenue per package and cost-reduction actions, which were only partially offset by lower package volume, higher infrastructure costs and increased other operating expenses. Freight segment operating results declined primarily due to decreased shipments and lower weight per shipment, partially offset by improved revenue quality. The company noted that FedEx Freight remains focused on cost discipline, supported by a fourth round of furloughs to match staffing with demand and network optimization from the planned permanent closure of 29 facilities…
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