SA: Morgan Stanley cautious on FedEx but likes it better than UPS
SEEKING ALPHA reports: Morgan Stanley significantly reeled in financial expectations on FedEx Corporation (NYSE:FDX) to reflect ...
FedEx subsidiary TNT Australia has signed a six-year deal with Qantas Freight for additional domestic capacity to support the growing e-commerce market, reports PayLoadAsia. The $266m deal gives FedEx access to Qantas and Jetstar domestic services, as well as the Australian freighter network.
“This agreement will enable FedEx and TNT to continue meeting Australia’s intensifying demand for freight, particularly while passenger aircraft belly space capacity remains constrained due to Covid-19,” said Qantas Freight executive manager Catriona Larritt.