Weak demand and slimmer retail margins eat into airfreight spend
Concerns over excess inventories at retailers are misplaced: the real issue is weak demand and ...
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By Alex Lennane
FedEx has put limits on customer volumes, as the west coast ports problem has been “a bigger deal for the peak season than most people thought”, according to chairman Fred Smith.
Speaking on an earnings call related to the company’s second quarter results, Mr Smith noted that FedEx had seen several changes in demand owing to the port congestion.
“A tremendous amount of inventory was simply not put through the ports in the time frame that the retailers had expected. This in ...
Comment on this article
judith rogalal
December 21, 2014 at 4:19 pmSpeaking from experience as a former executive at FedEx,when Fred Smith is talking about logistics, business and government…people should take notice and hear him out. He is insightful, innovative and a clear thinker.