East Midlands poised to become 'UK's most important' express air freight hub
East Midlands Airport (EMA) is poised to become “the UK’s most important express air freight ...
The interim results of FedEx (FDX), which reported after the bell on Tuesday, confirmed what we knew already: it’s bad out there.
Just how bad, though?
Daily chats
Squeezed between more expensive growth and a slew of other competitive hurdles, FedEx’s easier choice is to cut costs (which it is doing) while placing less emphasis, in my view, on unadjusted non-GAAP numbers, while perhaps also ditching guidance, which was heavily cut this week.
Talking of FedEx expectations and non-GAAP figures, I had a conversation earlier this week ...
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