Air cargo weaker, but FedEx says it's ready for more 'economic headwinds'
Air freight rates have edged down again alongside higher inventory levels, economic uncertainty and an ...
SEEKING ALPHA reports:
FedEx’s (NYSE:FDX) announcement that founder Fred Smith will be relinquishing the CEO is unlikely to stop an activist from pursuing the company.
An activist investor might actually be emboldened to target the company with Smith stepping down, CNBC’s David Faber speculated. It was unclear if FedEx (FDX) was making the move in a preemptive move to fend off an activist. The window for board nominations doesn’t open until May.
FedEx gained 4.6% in premarket trading as investors showed their enthusiasm for the CEO ...
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