US parcel delivery needs a revamp – but integrators are in the driving seat
The US parcel delivery sector may be ripe for an overhaul, says industry consultant Satish ...
SEEKING ALPHA writes:
– FedEx (NYSE:FDX) trades lower even after FQ4 revenue and profit arrived ahead of expectations. Guidance for capital spending of $7.2B this year by the company may be the key pullout of the report.
– Operating income rose 9% Y/Y to $1.97B during the quarter on an adjusted basis and the company reported an operating margin rate of 8.7% vs. 5.2% a year ago and 8.9% consensus. Improved network optimization and asset utilization enabled profit growth even with volume at a record.
– FedEx Ground reported revenue growth of 27% for the quarter. The revenue increase was primarily driven by strong growth in business-to-business shipments and a 14% rise in revenue per package.
To read the full story, please click here (free reg. is required).
FDX stock down 4.4% on Thursday in after-hours trade.
The earnings call transcript is here (free reg. is required).
You may also want to read this FDX-related piece: “Labour woes weigh on 2022 outlook“.
'Mass-casualty incident' as Maersk box ship destroys Baltimore bridge
Shock for CMA CGM as a deputy CEO decides to quit
Diversions from Red Sea proving a real ‘silver lining’ for carriers
Asia-Europe carriers revise FAK rates in fight to rein in revenue erosion
Could the Dali have suffered a power loss before bridge crash?
Strike paralysing Finnish ports extended after talks collapse
Indian Customs to auction uncleared export boxes at Nhava Sheva
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article