FedEx-CMA CGM deal hints at new battle for air cargo capacity
When CMA CGM announced its $1.4bn acquisition of FedEx Supply Chain, most attention focused on the contract logistics business ...
FedEx (FDX) hammered: it’s pitch dark out there, we are riding the storm judging by reaction in after-hours trade on Thursday, and then across Asia and Europe today, after a massive profit warning from FedEx for the quarter ended 31 August (fiscal Q1 23). At least, we were warned.
The Memphis-based integrator unusually released overnight a trading update that was simply dreadful – a (preliminary) earnings miss of epic proportions that left little room to the bulls (FDX consensus: $286; before ...
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