FedEx bets on rate hikes being accepted, despite tough market headwinds
Soft market conditions blunted FedEx’s first-quarter results, but management is confident that its rate increases ...
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
DSV: STAR OF THE WEEKDSV: FLAWLESS EXECUTIONKNIN: ANOTHER LOWWTC: TAKING PROFITMAERSK: HAMMEREDZIM: PAINFUL END OF STRIKE STLA: PAYOUT RISKAMZN: GOING NOWHEREAMZN: SEASONAL PEAK PREPARATIONSJBHT: LVL PARTNERSHIPHD: MACRO READING AND DISCONNECTSTLA: 'FALLING LEAVES'STLA: THE STEEP DROP
There’s no decent independent analysis on this yet, but Agility has released its third-quarter results showing profit up 5% to $45m. Noting that the market “remains soft”, as trade is flat or declines, the Kuwaiti company said it had improved efficencies and productivity. Global integrated logistics revenue for the third quarter fell 3% to $816.8m, on a constant currency basis, reflecting a decline in air freight volumes. However, ocean, contract, chemicals and events all improved.
Comment on this article